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Determiniation of deductable and non-deductable

Jun 16, 2017 at 06:51 AM

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Former Member

Dear All,

Pl. suggest access sequence for creditable and non-creditable purhacase of same material in same business place.

We have created deductable and non-deductable conditions.

For example if we purchase computer for our office then it will be non-creditable and same if we purchase for plant which will be connected with process machine to collect online data then it will be creditable.

Thanks and Regards,

Nirav

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1 Answer

Gavin Monteiro Jun 21, 2017 at 04:59 PM
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Hi,

For Deductable & Non-Deductable use 2 different Tax codes.

The user would have an idea whether he gets or doesnt get an Input tax credit on the material, if so he should manually select the Non Deductable Tax code.

There would not be any GL assignment required for Non Deductable Tax Codes as the value of the Tax would be carried on the material.

Regards,

Gavin Monteiro.

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