Question

VAT Rebate in App-9

  • 26 August 2021
  • 0 replies
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Hi,

Can anyone help me handling the VAT Rebate process in IFS app-9? the scenario is as below:

when the product is taken out from the factory to send to its showroom vat has to be calculated and deducted. and when the item is finally sold from the showroom vat has to be calculated and deduct again which ends up deducting double vat deduction. so in this case, the authority gives permission to take vat rebate to solve the double vat deduction issue.

We are planning to handle it from finance end which ends up in manual process, but if we find a way to handle it from sales end to avoid manual process, we will be following that.

 

Regards-

Nahin


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