VAT impact on LCM
Hello Experts,
We are implementing VAT for UAE, at our client we are using Landed Cost Management as well. As of now all the setup are done perfectly and working fine with tax calculation as intended.
Since we are using LCM, can you please let me know what should be the treatment of VAT on LCM shipments.(We are using LCM as a service, wherein shipments are created automatically upon PO receipt)
Below is the scenario where I am seeking help
1) We create Import PO and check the tax which is correctly defaulted as 5%, save and approve the PO
2) We perform the receiving and LCM shipments are generated automatically.