Switching of Tax Code-F-28

[Former Member]

Hi,

Whilst processing a incoming payment(F-28) , based on the payment terms customer discount are calculated and posted to 'Discount GL account' , Currently a VAT A1(17.5) is applied to the discount GL account, However the requirement is that the VAT should not be applied to Discounts.

Is there any way so that when the discount is applied a Zero-Rated tax will be applied insted of A1(17.5%)

Thanks in Advance

[ravichandran_iyer]

Enable the checkbox 'Discount base is net value' in Company Code Global Settings.

Ravi.

[Former Member]

Any ideas?