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Lancia Auto ®: Parts Ersatzteile Ricambi
Lancia Auto ®: Parts Ersatzteile Ricambi
Lancia Auto ®: Parts Ersatzteile Ricambi   Lancia Auto ® / Parts / Ersatzteile / Ricambi
Lancia Auto ® / Parts / Ersatzteile / Ricambi
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Points of concern:

VAT Calculations on invoices:

 

Problem: Many clients are questioning the calculation of VAT on credit for deposits paid earlier.

                To illustrate the issue please look at the following example calculation:

 

 

Invoice 1 :

Pos.

Part No.

Description

Price

Qty

Discount

Price (sum)

1

0

deposit carb.kit

R 500.00

1

0%

R 500.00

Subtotal

R 500.00

VAT

R 70.00

Endprice

R 570.00

 

 

Invoice 2:

 

1

SO-04K

kit carburettor

R 849.15

1

0%

R 849.15

2

0

deposit

R 500.00

-1

0%

R -500.00

Subtotal

R 349.15

Speed Services - Speed Service to Counter (ID: admin)

R 40.00

Insurance

R 10.47

VAT

R 55.95

Endprice

R 455.57

 

 

Many clients object to this, as they claim, that instead of the original R 570,- deposit, only R 500,- was credited.  As an illustration, let us rewrite the second invoice:

1

SO-04K

kit carburettor

R 849.15

1

0%

R 849.15

 

 

 

 

 

 

 

Subtotal

R 849.15

Speed Services - Speed Service to Counter (ID: admin)

R 40.00

Insurance

R 10.47

VAT

 125.94

Endprice

R 1025.56

 

 

                                                                                                    Minus deposit paid:    R 570,-

                                                                                                     Amount due:            R 455.56

 

As you may see, the result is the same.

 

 

Directors: Felix Furtak  B.Eng. (Hons.),  Khungeka Furtak

 
 

 

 

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