The company registered the shipment with an invoice which indicated VAT rate at 0%; however, when filing VAT Return for the period, the company was not able to confirm the rate with all the required documents. On the VAT Return, the The company must reflect the following adjustments to VAT Return: decrease
- Decrease of the 0%-rated
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- sales by creating an output VAT transaction
- Increase of 5%-rated sales
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- with an output VAT transaction
- Adjusted output VAT amount by creating a tax invoice.
How to process
Where: Accounting > Value Added Tax > Output VAT Transactions
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