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Only VAT difference amount will enter into RM VAT breakdown record?

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Created by Wang Q on 2010-10-08 03:39:21 Back to Topics

Only VAT difference amount will enter into RM VAT breakdown record?

 

What will enter into RM VAT breakdown record? Will it describe the difference amount on VAT?

 

If above said is yes, according to the statements in Source Code Total Record of IS-IDEC Stucture, IF non zero and Billing code not equal to 3 then Source Code VAT Breakdown record needs to be provided. Should be equal to the sum of all VAT Calculated Amount fields of Source Code VAT Breakdown record. And as the statements in Souce Code VAT Breakdown, VAT Calculated Amount should be equal to VAT Base Amount  (Element 16) * VAT Percentage  (Element 18) /100 rounded to two decimal places. We therefore have a problem.

 

When we raised a RM with VAT amount difference, which might be a result of VAT Base Amount discrepancy, or of percentage discrepancy, even of both causes. Hence, it is difficult to complete the validation of VAT Calculated Amount equal to VAT Base Amount*VAT percentage. Therefore, how do we generate the RM VAT breakdown record?
Replied by Alex S on 2010-11-17 18:44:56
Yes, you are correct. There is a need to remove the validation rule for VAT calc amount = VAT Base Amt * VAT Perc / 100 at the Source code and Invoice VAT records. This will be taken up for consideration as a Change Management Item.


From:
Posted: Friday, October 08, 2010 3:39 AM
Subject: Only VAT difference amount will enter into RM VAT breakdown record?

 

What will enter into RM VAT breakdown record? Will it describe the difference amount on VAT?

 

If above said is yes, according to the statements in Source Code Total Record of IS-IDEC Stucture, IF non zero and Billing code not equal to 3 then Source Code VAT Breakdown record needs to be provided. Should be equal to the sum of all VAT Calculated Amount fields of Source Code VAT Breakdown record. And as the statements in Souce Code VAT Breakdown, VAT Calculated Amount should be equal to VAT Base Amount  (Element 16) * VAT Percentage  (Element 18) /100 rounded to two decimal places. We therefore have a problem.

 

When we raised a RM with VAT amount difference, which might be a result of VAT Base Amount discrepancy, or of percentage discrepancy, even of both causes. Hence, it is difficult to complete the validation of VAT Calculated Amount equal to VAT Base Amount*VAT percentage. Therefore, how do we generate the RM VAT breakdown record?
 
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