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Financials for India - EBS (MOSC)

VAT Settlement Process

Mar 22, 2017 10:06AM edited Mar 31, 2017 5:00AM in Financials for India - EBS (MOSC) 1 commentAnswered

Hi All,

Please help to do the vat settlement process as per the below requirement

<

Purchase	100000
VAT	5%
Input Vat	5000	A

Sales	500000
VAT	5%
Sales Within State	100000	B
VAT Output	5000	C

Vat Eligible for settlement	100000

Formula (A*B)/C

How to do the vat settlement process for Purchase and with in state sales.

Thanks in advance

Mohan

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