Financials for India - EBS (MOSC)

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Can we use same tax type for recoverable and reversal transactions in GST

in Financials for India - EBS (MOSC) Question

HI All,

1. As per oracle documents, tax  type created for recoverable in phase 1 and one more with same tax type with reversal mechanism in phase 2.

If we create tax type with recoverable or non recoverable and reverse charges. what is the impact and any difference between creating new and this.

Can anyone explain me about below options with examples

1.Update Vendor on transaction

2. Applicable for offset

3. Allow abatement

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