EAP: Amortization On VAT, GST and Sales Tax Scenarios
(Doc ID 2829528.1)
Last updated on DECEMBER 24, 2021
Applies to:
PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Goal
1. Which one from the Gross amount or Expense amount, will be amortized in a GST Voucher Amortization scenario?
Example : Voucher gross amount= 1000
Expense amount =900
Tax amount(India GST) = 100
2. Which one from the Gross amount or Expense amount, will be amortized in a VAT tax scenario?
Example : Voucher gross amount= 2100
Expense amount =2000
Vat tax= 100
3. Which one from the Gross amount or Expense amount, will be amortized in a Sales Tax scenario?
Example : Voucher gross amount= 1050
Expense amount =1000
Sales tax= 50
Solution
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In this Document
| Goal |
| Solution |