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Legal Requirement - VAT exemption for Credit and Debit notes

Sep 13, 2017 at 02:47 PM

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Former Member

Request you to let us know how the VAT exemption in case of credit and debit notes are being calculated. As per SAP, when we are using LCFR condition type, Credit note is VAT exempted if the amount is less then the total limit set for that dealer and for Debit note it will check the available limit for that dealer. If the original invoice for the dealer is VAT applicable because limit was not available but the debit note created is under the available limit .please let us know if the above SAP functionality is in line with Legal requirement for VAT exemption for Italy

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