Australian Taxation

[Former Member]

Hi Expert,

Can we do following scenario in SAP B1 for Australia

{

GST is “goods and services tax” levied by government on purchase / sell. Local procurement and selling is sorted out and works fine as we pay / get GST from local vendors / customers. However, when we import goods we do not pay a GST to supplier but is accumulated and paid to the government here. This is called differed GST (in layman’s language). So the PO should calculate the GST and post it into a differed GST account (for example) instead of posting into supplier’s outstanding balance account.

}

Regards

ASK

[kothandaraman_nagarajan]

Hi,

Please close this thread if you got answer.

Thanks.

[former_member205766]

Hi

No journal posting will happened at the time PO in Standard SAP B1.

You can pass the manual Journal Entry or try the automation through SDK

With regards

Balaji Sampath

[Former Member]

Hi Balaji,

Thanks for reply.

I guess you assumed the scenario is for India but it is not the case. The query is about for Australia. I found the solution for that. Here we need the GL setting for Tax code Group. and Related Vendor Master Data.

Regards

ASK