For a transaction, the vendor calculated VAT details can be verified against the VAT calculated in AvaTax for NetSuite.
AvaTax will not update the VAT details in the transaction.
Configure input VAT
To configure Input VAT for transactions to AvaTax, follow these steps:
- In NetSuite, go to Avalara > Setup > Configure AvaTax.
- In the Consumer Use Tax/Input VAT tab, in the Input VAT Verification Settings, click Enable Input VAT Verification on Vendor Bill to enable the Input VAT verification service for a vendor.
Input VAT verification
The Input VAT amount can be calculated using AvaTax for NetSuite. On request, i.e. when you click the Verify Tax button, AvaTax calculates the AvaTax calculated VAT amount for a transaction.
- In AvaTax for NetSuite go to Transactions > Payables > Enter Bills and type the required details for a bill.
- Click on Verify tax button. The VAT details for this transaction are calculated and displayed.