Oracle Payables prints the VAT summary balances since the last final report was printed up to the end of the period that you enter here.

Variation on Sales

Enter the amount (debit) that you want to reduce the sales VAT by for net payment purposes. This amount is printed at the end of the report. The default value for this field is zero.

Variation on Purchases

Enter the amount (credit) that you want to reduce the purchase VAT by for net payment purposes. This amount is printed at the end of the report. The default value for this field is zero.

Register Report

Oracle Payables prints the final VAT Summary Report if you enter Yes. A preliminary report is printed if you enter No. The default for this field is No.

Pay VAT for this Period?

Enter Yes if you will pay the calculated Amount to Pay over to the tax authority. The Amount to Pay is reset to 0 for the next period. Any VAT credits are carried over to the next period.

Enter No to have the Amount to Pay carried over to the next period, where the next period tax liability includes this amount carried over.