Hi Venkata,
Thanks for your response. We indeed know and have used that option which
applies to VAT on interest, we are now getting samples of VAT on charges,
where part of the charges incoming needs to be taxed and therefore booked
separately. Is this something you've run into as well?
Following the same logic, this would be a % over charge charge, which
get's messy. I think therefore we would end up either speccing out the
charges more (allowing to setup VAT bands on charges), or come up with
some other way of charging VAT on a per product basis that would be applied
to charges as well as interest. Has anyone already put any thought into the
best way of dealing with this, or am I missing a very obvious and clean way
around it?
Thanks,
Sander
Sander van der Heyden
CTO Musoni Services
Mobile (NL): +31 (0)6 14239505
Mobile (Kenya): +254 (0)707211284
Skype: s.vdheyden
Website: musonisystem.com
Follow us on Twitter! <https://twitter.com/musonimfi>
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The Netherlands
On Mon, Nov 16, 2015 at 2:32 PM, Venkata Ganesh <
venkata.gan...@confluxtechnologies.com> wrote:
> Hi Sander,
>
> we are having a charge called Installment Fee that need to be attached at
> the time for creation of the loan application, we had a option called %
> Interest so the charge can be applied to the particular % of the interest
> for every instalment you can check weather this is reaching your
> requirements.
>
> On Mon, Nov 16, 2015 at 7:41 PM Sander van der Heyden <
> sandervanderhey...@musoni.eu> wrote:
>
>> Hi Guys,
>>
>> Just checking in if anyone already had some feedback on this, as we will
>> otherwise go ahead and start speccing it out.
>>
>> Thanks,
>> Sander
>>
>>
>> Sander van der Heyden
>>
>> CTO Musoni Services
>>
>>
>>
>>
>> Mobile (NL): +31 (0)6 14239505
>> Mobile (Kenya): +254 (0)707211284
>> Skype: s.vdheyden
>> Website: musonisystem.com
>> Follow us on Twitter! <https://twitter.com/musonimfi>
>> Postal address: Hillegomstraat 12-14, office 1.11, 1058 LS, Amsterdam,
>> The Netherlands
>>
>> On Tue, Nov 10, 2015 at 12:58 PM, Sander van der Heyden <
>> sandervanderhey...@musoni.eu> wrote:
>>
>>> Hi all,
>>>
>>> We've been requested to develop a feature that will allow you to
>>> recognise VAT on charges income. In the past this has obviously been
>>> developed for VAT on interest (by adding a % over interest charge), but I
>>> am unaware of having this ability for charges on loans (or savings).
>>>
>>> Has anyone else run into this requirement before? And if so is there
>>> already a JIRA, or even better a working feature, to do this?
>>>
>>> Thanks,
>>> Sander
>>>
>>>
>>
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> --
> Thanks and Regards,
>
> Venkat
>
>
>
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> developed by Facebook, enables you to easily query your data on Hadoop in a
> more interactive manner. Teradata is also now providing full enterprise
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developed by Facebook, enables you to easily query your data on Hadoop in a
more interactive manner. Teradata is also now providing full enterprise
support for Presto. Download a free open source copy now.
http://pubads.g.doubleclick.net/gampad/clk?id=250295911&iu=/4140
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