How Tax Exempt Sales Scenario Will Be Handled On a SVAT Environment In RMS? (Doc ID 2218731.1)

Last updated on JUNE 14, 2017

Applies to:

Oracle Retail Merchandising System - Version 15.0.1 and later
Information in this document applies to any platform.

Goal

 In SVAT environment a vat_code is assigned to an item and its Original Unit Retail includes vat. During sale application don't collect vat from some privileged customers thus Selling Unit retail , Original Unit Retail are populated exclusive of VAT which differs from RMS Unit Retail (Inclusive of Vat).For this transaction RTLOG was generated with zero vat/ tax details (IGTAX record with vat rate '0').
   
Eg: In the RTLOG file, Unit Retail = 116.858(With out vat), Original Unit Retail =  116.858(With out Vat) but in RMS Retail will be stored with Vat Inclusive, For an item 'x' Original Unit Retail == 100 (Vat of $10 included )
    During sale , cashier chooses to perform sale with out Vat for a privileged customer which will make the selling unit retail as $90.     

    How will RMS handle this transaction?

Solution

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