Financial - JDE1 (MOSC)

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P03B2002 Invoice with VAT setup for 5% not giving the exact tax amount calculation.

edited Dec 21, 2017 10:08AM in Financial - JDE1 (MOSC) 1 commentAnswered ✓

Hi,

Set the tax rate/area as VAT TAX  5%

Create a standard invoice through P03B2002 application for the amount 1000/-

Select the tax rate area and type as "V"

the system should calculate the tax amount as  50/- instead it's calculating 47.62.

what could be the reason?

Thanks and Regards,
Daniel

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