Tax for Asset - Distributing the Tax through out the period

[Sajeev]

I have one Tax related scenario to solve.

We Purchase Asset say a machine - Say, Cost 200,000 and 5% TAX = 10,000

I need to book the Input Tax(Tax Credit A/R) as the full tax amount. But as this is an Asset, I cannot recover it in a single shot. I have to distribute the cost in to a one year period of time(Assuming the depreciation of the Asset is set as ONE YEAR). So my monthly tax recovery will be the (Total Recoverable Tax / 12)

How we can handle this scenario in iDempiere?

While booking the Invoice(Vendor) my Input Tax will be debited. How can we Credit the Tax Due Account based on the above distributed rule.

[Marco Longo]

For which Country is this localisation for ? 

Asset module is for  multiple year not inside the same yeas (but should work...) 

About Tax  what do you need  in detail ?   post into a temp account and redirect to VAT credit... Probably you need to custimize a process and run it everyu month 

Marco

[shiju01]

Hi

It is not a good idea to post to ledger in advance with future dates as the periods might not be created

Post the whole value to a withholding or distribution account and a monthly scheduled process can depreciate / consume it

Check recurring journal or withholding feature