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Korea Consignment Localisation

Jan 22, 2017 at 06:29 AM

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Hi,

Currently, we are implementing consignment process for Korea.

As per STD. SAP there are four steps in consignment process.

1. Fill up

2. Issue

3. Return

4. Pick up

In first step of Fill up, there is only sales order created in system & no accounting entry.

But as per Korean Local laws when goods are moved under first step of consignment, Prepaid VAT to be recognised in books of accounts i.e.

Prepaid VAT A/c Dr.

To Sales VAT Account Cr.

This localization is not supported by SAP.

Please advice.

rgrds/Vinod.

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