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PostingInvoicewithdifferentFX
RateforGSTTaxLineItemin
SAP
August17,2013 | 104Views |
SrinivasNooni
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FIN(Finance)
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Note:thisdocumentisrelatingtosingporetaxinvoicepostingsinFI
somecasesinvoicesreceivedinforeigncurrency.but,GSTamount
shouldbepostedandreportedinSGDonly.ifcustomersorclientsusing
SAPreportingcurrency(LocalCurrency:SGD)inthiscasetherewillnot
beanyaffectinGSTamountswillbecalculatedcorrectly.
somecustomersusingLocalCurrencyotherthanSGD,inthiscaseiftax
invoiceinforeigncurrency(otherthanSGD)but,fixedexchangeratefor
GSTwillbeadvisedinTaxInvoiceseperately.
whilepostinginvoiceusingFB60systemwilldetermineexchangerate
basedonexchangeratedeterminationsettings.but,thechallangeisto
maintaindifferentexchangerateforGSTlineitemcorrectly.
ForEg:
DefineAccountsforExchangeRateDifferencePostings
MaintainGLAccountforExchangegainorlosspostingrelatingtoTAX
PostingentryusingFB60
systemwillpostrealizedexchangerateforGSTlineseperatelyfor
reporting.
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sreeharitokala
October21,2013at10:07am
HISrinivas,
NiceExplanation.andcanyougivemetheWitchareusefullreportsonTaxes.