Input Tax Correction
The input tax correction includes the period from the first time the asset is used up to the end of the respective calendar year.
In this phase, correct the input tax amounts of the acquisition/production costs for an asset,
distribution and account determination
If the composite rate of the calculation month differs from the composite rate of the previous month, the deductible input tax is recalculated. This input tax amount is balanced with the amount from the previous month. Posting records are automatically created for the balance.
Input Tax Distribution
- In this phase, the composite rate valid in the month of the posting date is used for the distribution.
- For each invoice, a correction
posting is created for the resulting difference.
Phase 3: Input tax adjustment only begins
The composite rate of the input tax correction valid in the last month (December) is defined as a base rate for Phase 3: Input tax adjustment.