Tax changes after PO Raised
Summary:
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Hi
We have below scenario happened.
PO Raised in Dec -23 1000 with 15% tax code applied.
Country's tax law changed in Feb-24 from 15% to 18% tax.
Receipt occurred in Jun-24.
Invoice occurred in Jun-24 - with tax -18% . This is manually edited in the invoice in Jun-24. Because of this tax variance is created.
Due to tax variance,
Inventory write off DR by the tax variance amount.
receiving inspection CR by the tax variance amount
Ideally what needs to happen is,
Inventory Dr by the tax variance amount
Receiving inspection Cr by the tax variance amount.
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