Tax Localisation solution - FA asset purchase
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