Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
From 1st Dec 2019, excise tax will be applicable on sweetened products, tobacco products.
From 1st Dec 2019, excise tax will be applicable on sweetened products, tobacco products.
How to handle excise tax in NetSuite?
Below are some work around's please suggest the best practice:
SOLUTION 1:
1. Create two other charges items for purchase & for resale. Apply the specific excise tax account. And use this excise tax on SO/PO wherever the excise tax is applicable.
2. Create saved search to show the excise tax amount.
SOLUTION 2:
1. Create two Non-Inventory items for purchase & for resale. Apply the specific excise tax account. And use this excise tax on SO/PO wherever the excise tax is applicable.
2. Create saved search to show the excise tax amount.
2