We have the following client requirement. My client supplier sends the invoice including 15% sales tax. Tax authority issued a notification that the company will retain the 20% amount of sales tax & the reaming amount will be paid to supplier. The 20% amount will be paid by the company itself to tax authority.
Value of taxable supplies excluding sales tax Rs. 100
Sales Tax Chargeable @ 15% Rs. 15
Sales Tax deductible Rs: 15X20%=Rs. 3
Balance amount payable to the supplier Rs. 112 (Rs.100+Rs.12)
Please advise me, how I may able to configure the tax code so that system deduct the tax amount as per mentioned scenario.