Non-refundable VAT

[Paulo_Vitoriano]

Dear Colleagues,

As part of the PSA agreement I have non-refundable VAT from Vendor invoices, and that is currently merged with a P&L line on the debit side.

I am looking for a standard solution to split that in two line items using same cost element.  That will give me an option to report on gross and net (with VAT and without), since I can substitute additional information accordingly.

Thank you,

Paulo

[ankit_agarwal8]

Hi Paulo,

When you are saying that non refundable VAT amount is merging with P&L line items, I hope you are passing the vendor invoice through tax code. and system is behaving correctly as VAT amount is non refundable, so it should be part of P&L line item.

It is not possible to split both in this case. Alternatively, you can post tax amount through direct GL entry instead of through tax code.

Regards,

Ankit K. Agarwal