How Tax Exempt Sales Scenario Will Be Handled On a SVAT Environment In RMS?
Last updated on OCTOBER 30, 2017
Applies to:Oracle Retail Merchandising System - Version 15.0.1 and later
Information in this document applies to any platform.
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(Without vat), Original Unit Retail= 116.858(Without 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 without Vat for a privileged customer which will make the selling unit retail as $90.
How will RMS handle this transaction?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms