Hi Friends,
I m working on Oracle App. We are having VAT Return Report. In that report Cerdit on Capital goods is deducted from Debit, two times. Is there any specific reason behind this?
Pls do reply, its urgent.
Thanks in advance
Prathmesh Gharia (Oracle Apps Financials Functional Consultant) (54 Points)
25 February 2009Hi Friends,
I m working on Oracle App. We are having VAT Return Report. In that report Cerdit on Capital goods is deducted from Debit, two times. Is there any specific reason behind this?
Pls do reply, its urgent.
Thanks in advance
Sachin
(Chartered Accountant)
(419 Points)
Replied 28 February 2009
Dear Prathmesh,
VAT is an state tax and VAT Credit on the Capital goods changes statewise. please write me your problem in detail in my email id sachinagarwalcallb @ gmail.com
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