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#53351 - 12/29/17 04:59 AM Configuring Reverse Charge Mechanism in Tax
Suresh
Member


Registered: 12/29/17
Posts: 1
Loc: Maldives
Hi,

Any clues how can I configure sage300 ERP 2014 for Reverse Charge Mechanism in Tax?

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#53449 - 02/13/18 09:29 PM Re: Configuring Reverse Charge Mechanism in Tax [Re: Suresh]
FarazAfzal
Member


Registered: 05/31/09
Posts: 113
Loc: Saudi Arabia
Create 2 tax authorities. Reverse charge payable and reverse charge receivable and put the tax rates of RC payable as -5% and RC receivable as +5% and assign it to your vendors.
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#53698 - 07/21/18 01:48 AM Re: Configuring Reverse Charge Mechanism in Tax [Re: FarazAfzal]
Suresh Rajan
Member


Registered: 08/03/07
Posts: 124
Loc: Maldives
Hi,

But One supplier can belong to only one TAX authority at a time isn't it?

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