Hello,
I have a scenario, where in there is a logic in taxes and its based on mutual understanding between mu=y client and his vendor.
The logic is as follows;
Total amount-----------100
Tax exempted----------40
Taxable amount--------60
Tax rate-------------------14%
Now my client pays 14% on 30
Vendor pays 14% on remaining taxable amount 30.
Can we build in standard FTXP. Kindly suggest any inputs. It will be highly valued.
Regards,
Shyam.