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SIS-VAT Breakup for Rejection Record

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Created by Shankar S on 2011-05-14 05:32:01 Back to Topics

SIS-VAT Breakup for Rejection Record

Hi
 

The VAT breakup i.e. VAT identifier, VAT Base amount, VAT percentage, VAT calculated amount, VAT Label, Text which is provided in the PAX-RM VAT brkdwn Record and PAX-RM Cpn VAT brkdwn Record is for the accepted value or the rejected value i.e. Difference.

Example 1: Carrier ‘X’ has an agreement with carrier ‘Y’ to bill VAT. VAT is applicable on Gross and ISC billings which is 5%

The billings done by carrier ‘X’ is as follows

Billing Carrier (X)

Gross: 100

ISC: 09

VAT Base amount: 75

VAT Identifier: GF

VAT Percentage: 06% (Applicable as per the agreement is 05%, wrongly calculated as 6%)

VAT Calculated amount: 4.5

VAT Label : GST

VAT Text: Value Added Tax

VAT on ISC not provided by carrier ‘X’

Billed Carrier (‘Y)

Evaluates the billing as follows

Applicable VAT Identifier: GF

Applicable VAT base amount: 75

Applicable VAT percentage: 05%

Applicable VAT calculated amount: 3.75

Applicable VAT Identifier: IS

Applicable VAT base amount: 09

Applicable VAT percentage: 05%

Applicable VAT calculated amount: 0.45

We would like to know how the values should get reported for the above scenario in the following fields of PAX-RM VAT brkdwn Record and PAX-RM Cpn VAT brkdwn Record

VAT identifier: GF

VAT Base amount:

VAT Base Amount Sign:

VAT percentage:

VAT percentage Sign:

VAT calculated amount:

VAT Calculated Amount Sign:

VAT identifier: IS

VAT Base amount:

VAT Base Amount Sign:

VAT percentage:

VAT Percentage Sign:

VAT calculated amount:

VAT Calculated Amount Sign:

Example 2: Carrier ‘X’ has an agreement with carrier ‘Y’ to bill VAT. VAT is applicable on Gross and ISC billings which is 5%

The billings done by carrier ‘X’ is as follows

Billing Carrier (X)

Gross: 100

ISC: 09

VAT Base amount: 75

VAT Identifier: GF

VAT percentage: 06% (Applicable as per the agreement is 05%, wrongly calculated as 6%)

VAT Calculated amount: 4.5

VAT Label : GST

VAT Text: Value Added Tax

VAT Identifier: IS

VAT Base amount: 09

VAT Percentage: 06% (Applicable as per the agreement is 05%, wrongly calculated as 6%)

VAT Calculated amount: 0.54

VAT Label:GST

VAT Text: Value Added Tax

Billed Carrier (Y)

Evaluates the billing as follows

Applicable VAT Identifier: GF

Applicable VAT base amount: 85

Applicable VAT percentage: 05%

Applicable VAT calculated amount: 4.25

Applicable VAT Identifier: IS

Applicable VAT base amount: 09

Applicable VAT percentage: 05%

Applicable VAT calculated amount: 0.45

We would like to know how the values should get reported for the above scenario in the following fields of PAX-RM VAT brkdwn Record and PAX-RM Cpn VAT brkdwn Record

VAT identifier: GF

VAT Base amount:

VAT Base Amount Sign:

VAT percentage:

VAT percentage Sign:

VAT calculated amount:

VAT Calculated Amount Sign:


VAT identifier: IS

VAT Base amount:

VAT Base Amount Sign:

VAT percentage:

VAT percentage Sign:

VAT calculated amount:

VAT Calculated Amount Sign:

Rgds

Replied by Ashley H on 2011-07-08 17:20:28
Dear Shankar,
 
Please find how the values should be reported in each of the examples as follows:
 
Example 1:
In this case you should only provide the RM-Cpn VAT brkdwn Record.
 
VAT identifier: GF
VAT Base amount: 75
VAT Base Amount Sign: P
VAT percentage: 5
VAT percentage Sign: P
VAT calculated amount: 0.75
VAT Calculated Amount Sign: P
VAT identifier: IS
VAT Base amount: 9
VAT Base Amount Sign: P
VAT percentage: 5
VAT Percentage Sign: P
VAT calculated amount: 0.45
VAT Calculated Amount Sign: M
 
Example 2:
VAT identifier: GF
VAT Base amount: 85
VAT Base Amount Sign: P
VAT percentage: 5
VAT percentage Sign: P
VAT calculated amount: 0.75
VAT Calculated Amount Sign: P
VAT identifier: IS
VAT Base amount: 9
VAT Base Amount Sign: P
VAT percentage: 5
VAT percentage Sign: P
VAT calculated amount: 0.09
VAT Calculated Amount Sign: P
 
Best regards
Replied by Konda R (Qantas) on 2011-07-10 16:59:38
Hi
 
Can you please check the VAT calculated amount on the first VAT in each example?  Should be 3.75 (not 0.75)?
Konda/QF

From:
Posted: Friday, July 08, 2011 5:21 PM
Subject: SIS-VAT Breakup for Rejection Record

Dear Shankar,
 
Please find how the values should be reported in each of the examples as follows:
 
Example 1:
In this case you should only provide the RM-Cpn VAT brkdwn Record.
 
VAT identifier: GF
VAT Base amount: 75
VAT Base Amount Sign: P
VAT percentage: 5
VAT percentage Sign: P
VAT calculated amount: 0.75
VAT Calculated Amount Sign: P
VAT identifier: IS
VAT Base amount: 9
VAT Base Amount Sign: P
VAT percentage: 5
VAT Percentage Sign: P
VAT calculated amount: 0.45
VAT Calculated Amount Sign: M
 
Example 2:
VAT identifier: GF
VAT Base amount: 85
VAT Base Amount Sign: P
VAT percentage: 5
VAT percentage Sign: P
VAT calculated amount: 0.75
VAT Calculated Amount Sign: P
VAT identifier: IS
VAT Base amount: 9
VAT Base Amount Sign: P
VAT percentage: 5
VAT percentage Sign: P
VAT calculated amount: 0.09
VAT Calculated Amount Sign: P
 
Best regards
Replied by Ashley H on 2011-09-15 14:48:08

Hi Konda,

 

In case of RM Coupon VAT Breakdown the VAT Calculated amount need not be equal to VAT Base amount X VAT %. So even though for VAT ID=GF base amount(75) % VAT % (5) = 3.75 since we only want to dispute on 0.75 so the VAT Calculated Amount is set to 0.75.

 

Hope this clarifies.

Kind regards

 
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