Skip to main content

Test Home
You & IATA

Search

You are here: Home » Services » Financial Services » Simplified Interline Settlement » SIS Forums
  • Print this page
  • Share this page

Queries in MISC (VAT breakdown)

This is a read-only copy of the discussions. To view the original, where you can reply, go here. For info on how to log in, please see the instructions.

Created by Nilesh S (SUTHERLAND GLOBAL SERVICE) on 2011-05-05 09:13:26 Back to Topics

Queries in MISC (VAT breakdown)

·         There is column called level (8.01) and its mentioned that its derived by the system, what is this level means?

·         Charge Rate, will this be given as % and is it expected that system should compute the charge amount based on this? If So on what basis this will compute the amount?

·         What is the difference between chargeable amount and additional amount?

·         Legal Text Place Holder – what is this column referring to and what information will be stored here?

·         Can there be more than one add on amount for the Line?

Replied by Nilesh S (SUTHERLAND GLOBAL SERVICE) on 2011-05-05 09:18:38
Also if you could pls let us know - what if there is a VAT and TAX for a particular transaction, how do we capture both


From:
Posted: Thursday, May 05, 2011 9:13 AM
Subject: Queries in MISC (VAT breakdown)

·         There is column called level (8.01) and its mentioned that its derived by the system, what is this level means?

·         Charge Rate, will this be given as % and is it expected that system should compute the charge amount based on this? If So on what basis this will compute the amount?

·         What is the difference between chargeable amount and additional amount?

·         Legal Text Place Holder – what is this column referring to and what information will be stored here?

·         Can there be more than one add on amount for the Line?

Replied by Nilesh S (SUTHERLAND GLOBAL SERVICE) on 2011-05-10 11:13:06
Hi
 
Awaiting response from your side
 
Nilesh


From:
Posted: Thursday, May 05, 2011 9:18 AM
Subject: Queries in MISC (VAT breakdown)

Also if you could pls let us know - what if there is a VAT and TAX for a particular transaction, how do we capture both


From:
Posted: Thursday, May 05, 2011 9:13 AM
Subject: Queries in MISC (VAT breakdown)

·         There is column called level (8.01) and its mentioned that its derived by the system, what is this level means?

·         Charge Rate, will this be given as % and is it expected that system should compute the charge amount based on this? If So on what basis this will compute the amount?

·         What is the difference between chargeable amount and additional amount?

·         Legal Text Place Holder – what is this column referring to and what information will be stored here?

·         Can there be more than one add on amount for the Line?

Replied by Ashley H on 2011-05-30 10:33:52

Dear Nilesh,

 

If VAT and TAX are present you will have to capture both information, there are fields dedicated for this. Please find below the answers (in blue) to your respective questions:

 

There is column called level (8.01) and its mentioned that its derived by the system, what is this level means?

It means that information is aggregated from the different level - Line Item detail, Line Item, and header level.

 

Charge Rate, will this be given as % and is it expected that system should compute the charge amount based on this? If So on what basis this will compute the amount?

Please can you clarify what you mean by this question.

 

What is the difference between chargeable amount and additional amount?

Please can you clarify which fields you are referring to here?

 

Legal Text Place Holder – what is this column referring to and what information will be stored here?

Legal text is to be displayed on the invoice as required, this will depend on the legal needs of the country concerned.

Can there be more than one add on amount for the Line?

Yes

Best regards

 
ADVERTISEMENT


Additional information

© International Air Transport Association (IATA) 2014. All rights reserved.