VAT Return
Elevate Your Business with SAP Expertise.
How It Works
Streamlined VAT Management for Sales and Purchases
ESM’s VAT Return solution efficiently calculates VAT amounts for purchases, raw materials, and contract manufacturing services in compliance with legal regulations. The solution also calculates the VAT amount related to sales that cannot be passed onto customers.
Turnover quantities are tracked periodically, calculating the consistency of product stock and matching purchase-sales invoices after returns are considered.
Current and previous term invoices are listed, with relevant deductions for return invoices, ensuring accurate matching.
VAT amounts from purchase invoices are distributed based on the components used in the sales invoice item, factoring in production processes such as scrap and cycle sorting.
Key Benefits
Efficient VAT Calculation and Allocation
Track finished and semi-finished production information periodically, ensuring consistent and accurate VAT calculations.
Distribute VAT amounts according to the components used in the production of sold products.
Automatically carry over VAT amounts that cannot be distributed to the relevant period to the next.