Hi Everyone,
I got issue similar to-VAT Tax Code for 12.50 % with Partial Set Off &... | SCN
As per solution from expert below is fine
In this type of tax code we have two scenarios
1/ Say example for Rs 100/-
Stock A/c----
Dr-100.00
VAT Set Off--
Dr08.50 - VST (Post to tax GL account)
VAT A/c -
Dr--04.00 - NAV (Post to stock) no need to maintain gl account here
Vendor A/c--
Cr112.50
In my case the client requirement is to take report of partial amount which went stock account..How to do?
Please need suggestions