Hi experts,
Need help in setting up the scenario.
Background: I have a requirement where tax is incurred on the transaction but it should not be charged to the customer. Its a free of charge order but we have to pay taxes on this transaction to tax authorities. Customer will not pay the taxes as its a free of charge transaction.
How do i set up the system for this ? Pricing wise I can have taxes calculate before R100 discount. But how will this amount post to accounting ?Plus it should post to an account in such a manner that it will not be due from customer.
When I create a Free of charge invoice with R100 discount nothing is due from the customer. If I charge taxes on this transaction then Taxes are due from customer. Which is not what we want.
Any help is appreciated !
Regards,
Ron
CIN, CST, Tax, pricing, SD, FI