sales VAT and purchase VAT

Business Central/NAV User Forum
1

HI,

I have a small doubt in cronus database which iam facing in real time database.

In cronus General ledger the sales and purchase VAT 12.5% and no VAT accounts are posted to vat 12.5 % only .

Is it rite of posting no vat and vat 12.5% to vat 12.5% only

Thank u

2

It is an example company - it is not saying this is how you set it up.

You need to understand the concepts of the VAT posting groups and VAT posting setups, then apply it to your own requirements.

In my Cronus I do not have 12.5% I have 10 and 25 set up with EU and EXPORT etc. The setup is correct, but I would never use it!

3

If u are working on Indian localization, then if u want to calculate the VAT, CST then u need to do the setups in Sales Tax module, not In Vat posting setup.

If u define the Vat % in sales tax module then system will generate the Vat reports .

Path is Finance – > setup – > sales tax.

4

Thanks for the clarification Reema, it is appreciated as I obvoiusly only know the Cronus setup and not any localisation requirements. [:D]

5

Adam wrote :

Thanks for the clarification Reema,

First of all we would like to say to thanks to you sir,

Because today I throwing some answers , that what I learned from u & manuls.

Adam wrote :

I obvoiusly only know the Cronus setup.

First of all if we know the cronus setup , then anybody can work on localization. I think it is correct.