GCC VAT
1.INTRODUCTION
2.REGISTRATION
3.GCC VAT COMPUTATION
3.1. Familiarizing VAT rates, federal tax authority number
3.2.Activation of GCC VAT
4.DOMESTIC PURCHASE AND SALES
4.1.Ledger creation with GCC VAT
4.2. Introduction to domestic purchase and sales
4.3. Purchase from unregistered
4.4.Exercise
4.5.Report
5.INTRA GCC TAXABLE PURCHASE AND SALES
5.1.Ledger and stock item creation
5.2.Purchase within GCC VAT
5.3.Exercise
5.4.Report
6.PURCHASE AND SALES RETURNS
6.1.Activation of purchase and sales return
6.2.Exercise
6.3.Reports
7.ADVANCE RECEIPTS UNDER GCC VAT
7.1.Recording advance receipts against sales within GCC VAT with adjustments
8.ACCOUNTING OF EXEMPTED SUPPLY
8.1.Recording exempt supply transaction
8.2.Report
9.ACCOUNTING OF ZERO-RATED SUPPLY
9.1.Recording zero rated transactions
9.2.Report
10. INCLUSIVE OF TAX
10.1.Creation of accounting masters
10.2.Creation of inventory masters
10.3.Recording sales transactions
10.4.Print preview
11. ACCOUNTING SERVICE TRANSACTIONS
11.1.Creation of accounting masters
11.2.Creation of inventory masters
11.3.Recording sales transactions
11.4.Report
12. OVERRIDE THE TAX DETAILS
12.1.Activation of override tax details
12.2.Recording transaction
12.3.Exercise
12.4.Report
13. IMPORTS FROM OUTSIDE GCC COUNTRIES
13.1.Scenarios of import from outside GCC countries
14. EXPORTS
14.1.Creation of accounting masters
14.2.Recording sales transactions
14.3.Report
15. PURCHASE OF CAPITAL GOODS
15.1.Claim ITC fully in the same voucher
15.2.Claim ITC partially in same voucher
15.3.Purchase of capital goods without claiming ITC
16. VAT REPORTS
GCC VAT PROJECT
