Reverse Tax Declaration

Select the “Reverse Tax Declaration” link under the “Tax Settlement” business component.

The “Reverse Tax Declaration” page appears.

Tax Type	Use the drop-down list box to select the required tax type. The first value loaded in the list is displayed on launch of the page. Tax type is a code for the type of tax, for example VAT and Service Tax.
Tax Community	Use the drop-down list box to select the required tax community. The first value loaded in the list is displayed as default on launch of the page. Tax community is the government authority that administrates the tax laws.
Tax Region	Use the drop-down list box to select the required tax region. The first value loaded in the list is displayed as default on launch of the page. Tax region is the place where the tax declaration is required to be made.

The system displays the following field in the “Reversal Details” group box:

Reversed On

The system date.

Numbering Type	Use the drop-down list box to select the numbering type.
Comments	The necessary comments (Alphanumeric, 256). Mandatory

The system displays the following fields in the “Document Details” multiline:

Tax Region	The tax region of the declaration calendar.
Declaration Period	The period of declaration.
Declaration Year	The code for the declaration year.
Finance Book Id.	The ID of the finance book.
Tax Journal No.	The journal number.
Date	The date of the declaration year.
Currency	The currency of declaration.
Amount	The amount of tax pertaining to the declaration year.
Reversal Doc. No.	The number allotted on reversal.

On reversal, the page refreshes with the reversal journal vouchers generated for each finance book

To proceed, carry out the following

Select the “View Tax Journal” link at the bottom of the page to view the tax journal.