Skip to Content

Tax Localisation solution - FA asset purchase

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

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • avatar image
    Former Member
    Dec 30, 2014 at 09:51 AM

    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

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Feb 12, 2015 at 12:46 PM

    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

    Add comment
    10|10000 characters needed characters exceeded