Allow Offset taxes for Supplier
SummarySignificance of Allow Offset taxes checkbox in Transaction Tax under Supplier set up
What is the significance of Allow Offset taxes checkbox in Transaction Tax under Supplier set up?
On highlighting the option the text appears as "Use offset functionality to calculate and record third-party Payables tax liabilities for reverse charges, self-assessments and use tax"
I would like to understand if selecting this calculates the Reverse Tax for every invoice(PO and Non PO) for this supplier? The invoices can either be scanned invoices as well.