Reverse Charge in SAP B1

[sreesajs]

Dear Experts,

Can anyone help me to know how SAP B1 handle reverse charge mechanism?
For Example, I have a purchase with reverse VAT.

I want to make reverse VAT also along with the AP Invoice journal entry. Like this;

Stock A/c Dr----------------------- 2000
Input VAT@5% Dr--------------- 100
To Supplier------------------------------- 2000
To Reverse Output VAT@5%---------100

So how I handle this on SAP B1?

Thanks & Regards,
Sreesaj S

[nikunjmehta2290]

Hi, Can you suggest the steps for same? I need to create the RCM code into SAP B1.

[kkphan · Accepted solution]

you can create input tax code, tick on Acquisition/Reverse checkbox and specify the output vat GL account.