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How to capture GST Input Tax Credit in Fixed Asset purchase

edited Mar 25, 2021 11:32AM in Assets 2 comments

Summary

Requirement is to capture the GST Input tax credit on Fixed asset purchase

Content

Hi

We have a requirement in India Localization to take GST Input tax credit on the Fixed Asset purchases.  Can someone please provide me some pointers on how this could be achieved in Fusion Assets?  We are using Onesource to get the tax rates, but configured basic Tax regime to rate.

Is there any document / whitepaper on this topic?

 

Thanks in Advance.

 

Regards

Krishna

Version

21A
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