Reverse Tax Remittance Request

This page allows you to reverse the tax remittance record selected by you. The page allows you to reverse the requests having its status as “Requested”.

Select the “Reverse Tax Remittance Request” link in the “Select Tax Remittance Request” page.

The “Reverse Tax Remittance Request” page appears.

Note: The “Reverse Tax Remittance Request page can be reached from the “Select Tax Remittance Request” page in two ways. 1. By clicking the hyperlink of the tax remittance request number appearing in the multiline, or 2. By entering the tax remittance request number on the first field in the page and by clicking the “Reverse Tax Remittance Request” link.

The system displays the following fields in the “Remittance Request Information“ group box:

Remittance Request No.	The remittance request number.
Status	Status of the remittance request.
Request Date	The request date.
Finance Book Id.	The finance book under which the transaction is to be accounted. The finance book Id.
Numbering Type	The numbering type of the request.
Tax Type	The type of tax for example, VAT and TDS. The tax type of the request.
Tax Region	The place where the tax declaration is to be made. The tax region of the request.
Tax Class	Tax class is a code that identifies the sub transaction type for reporting purposes, specified by the tax authorities. The tax class of the request is displayed.

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

Party Type	The type of party in the transaction.
Party Code	The code identifying the party.
Party Name	The name applicable to the party code.
Assessee Type	The type of assessee such as company, partnership.
Transaction Instance	The transaction instance applicable.
Transaction Type	The type of transaction.
Transaction No.	The serial number of the transaction.
Transaction Date	The date of the transaction.
Taxable Amount	The amount chargeable to tax.
Tax Amount	The amount of tax.
Due Date	The due date for payment of tax.

Check the box in the select column of the multiline to select the required transactions.

The system displays the following fields in the “Payment Information” group box:

Pay Amount	The pay amount is the sum of all the amounts of the transactions selected for remittance.
Payee	The entity that is paid. The name of the payee.
Pay Date	The date for payment.
Payment Voucher Numbering Type	The numbering type for the payment voucher.
Payment Point	The payment point for the request.
Payment Method	The payment method defined for the request.
Payment Route	The payment route for the request.
Pay Mode	The pay mode for the request.
Priority	One of the three options of priority assigned for the request, from "High", "Medium" and "Low" is displayed.
Bank / Cash Code	The bank cash code assigned to the request.
Description	The system displays the applicable description for the bank/cash code selected.
Remarks	The remarks entered for the request.
	Zoom facility available.
Payment Voucher No.	The voucher number automatically generated to make tax payments
Treasury	Name of the treasury in which the amount is deposited.

Note: The control “Treasury” is visible when the Tax Type is selected as EXCISE.

Enter the following fields in the “Reversal Information. Group box:

Reversal Date	Enter the date of reversal, (Date Format) Mandatory. The date must not be greater than the system date or earlier than request date. The system displays the system date as default on launch of the page.
Reason Code	Use the drop-down list box to select the required code for the reason for reversal.
Remarks For Reversal	The remarks relating to the reversal (Alphanumeric, 100).

The system displays the following fields in the “Voucher Information” multiline:

Transaction No	The Journal voucher number generated.
Transaction OU	The Organisation Unit in which the interfb Journal was generated.
Transaction Type	The type of Journal voucher.
Finance Book	The Finance Book in which interfb Journal voucher was generated
Transaction Amount	The Transaction Amount .

Note: This section will be displayed only when InterFb Journal voucher is generated.

Click the “Reverse Request” pushbutton to reverse the tax remittance request.

The system reverses the selected records updates the status of the tax remittance request as “Reversed” and displays a message that the records are successfully reversed appears. The tax status of the transactions that are part of the remittance request batch gets updated to “Incorporated”.

The system also displays the following fields:

Created By	The login ID of the user who created the tax remittance request.
Created Date	The date on which the tax remittance request was created.
Last Modified By	The login ID of the user who last modified the tax remittance request.
Last Modified Date	The date on which the tax remittance request was last modified.