on 12-25-2014 1:59 AM
Hi,
I am working on localisation solution for tax arrangement of a product tax.
Tax has 2 type based on deductability (Deductible portion and Non deductible portion)
Business scenario: In case of fixed asset procurement, we have both component (Deductible and Non deductible)
Deductible portion - It need to be booked in specific GL account as per account determination configuration.
Non deductible portion - It should be added to value of fixed assets.
We are able to manage deductible portion - Assignment to specific GL account. But struggling to setup non deductible portion.
Can you please let me know how to manage non deductible portion?
Thanks in advance
Govind Sharma
Dear Govind
This is possible where you can define Line Items of Invoice that are Deductible and are non Deductible.
In process of Suppliers Invoicing you get Tax Sub Tab under Item where you get "Deductibility" where you can mention status of deductaelity.
you can mention percentage also.
Hope this helps you.
Regards
Raviprasad Pai B
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Hi Govind,
Can u please attach some screenshot of what you are trying to acheive so that we can look into the issue.
Thanks
Lokesh Sharma
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