Hello Sir
No update ... Still finding the solution .
I got this from the document which you sent me in this forum but didn't get that how to work on this
Please advise me
Country-Specific Fields: India
Select this checkbox in the case of interstate inventory transfer. By default this checkbox is not selected. Once an inventory transfer is flagged as VAT, you will find the Transaction Category field and the Form No. field in the inventory transfer document.
If the inventory transfer happens during the course of interstate sales, it is required, as per State Level VAT rules, that input credit of tax be restricted. Credit is allowable only to the extent of tax paid on inputs in excess of 4%. You need to scroll back to Inventory Transfer to create a JE. The Journal Entry window opens with the filled data on right-click and for posting a reversal of VAT. If a JE has been created, then you can see the JE by right-clicking and choosing Show VAT JE. |
