I urgently need your help regarding tax exemption calculation for my US Based electricity supplier Client.
All the tax calculations are handled internally within SAP itself and no third party Tax calc is involved.
Basic FI-CA configuration is done as well as the tax exemptions are added at CA level.
1. I am expecting that the tax exemptions must be applied while Invoicing (Am I correct in expecting this OR is the tax exemption applied during Payments?).
2. In case it happens at invoicing itself, I am expecting that SAP should directly pick and apply the tax exemption to the defined tax codes. Is there something I am missing?
Though I have tried my best in putting my query concisly, In case there is lack of clarity in my query, do let me know if you have worked around this and I will catch you on OC.