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PostingInvoicewithdifferentFX
RateforGSTTaxLineItemin
SAP
August17,2013 | 104Views |
SrinivasNooni
morebythisauthor

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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1Comment
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sreeharitokala

October21,2013at10:07am

HISrinivas,
NiceExplanation.andcanyougivemetheWitchareusefullreportsonTaxes.

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