Voucher Tax calculation logic

[jchellap]

Hello Friends,

We are using MFG / PRO 7.4 E Version. I am facing a problem in Voucher tax calculation part.

Tax distribution lines are wrongly getting populated by system when the time of voucher creation.

When the time of creatiog PO , the system ask some tax information like tax class, usage and environment and we are giving some tax related information during voucher booking. It makes me little bit confusing.

Can anyone tell me on what basis the tax distribution lines are getting generated by system?

And also, Pls let me know in what basis vod_Det lines are getting genearted...

Thanks in advance..
Vijay:blush:

 

[shivakumarpatil]

hi,

GTM calculates tax amounts separately for each tax rate. Before you set
up tax rate records, verify that you have all the necessary tax accounts,
sub-accounts, and cost centers in the general ledger (GL) chart of​

accounts. If any are missing, set them up.

Recoverable tax :

An asset debited for recoverable amounts or a liability when treated as a contra account to sales tax payable. It is updated by Purchase Order Receipts (5.13.1), PO Shipper
Receipt (5.13.20), and confirmed AP vouchers (28.1, 28.6, 28.7).​

Retained tax:

A liability credited when you withhold tax on purchases and remit it directly to the government instead of to the supplier. It is updated by Purchase Order Receipts (5.13.1), PO Shipper Receipt (5.13.20), and the AP voucher confirmation programs (28.6, 28.7).​

During transaction processing, the tax point for the tax rate determines
when and for which accounts the system creates general ledger (GL)
entries for tax amounts. The tax point defaults first from Accrue Tax at
Receipt in Global Tax Management Control (2.13.24), then from the same
setting in individual tax rate records (2.13.13.1).

When the tax point is goods receipt, the system creates GL entries when
you record the receiving transaction. When the tax point is invoice
receipt, the system creates entries later—when you enter a confirmed​

voucher.

Please read this file
"MFG/PRO eB2 User Guide Volume 6 Master Data"

Shiva