Payables Recurring Invoice getting Inclusive Tax
Even though we set defualt tax as Exclusive, at tax configuration, Supplier Tax Details.......... but recurring invoice is creating invoice with inclusive tax:
Example:
I have created Recurring invoice for 4 periods for 10,000 USD
When i generate invoice#1 for 2500,
in create invoice form under Tax info it is showing as
Oreiginal Invoice 2500
Tax: 227.27
Gross Amount : 2727.27
(wonder tax should be 250 not 227.27)
But finally when invoice got created for 2500 gross
with line as 2272.23 + Tax as 227.27
Any help on this is appreciated
Regards
Jithendra