Hello Everyone, I am currently working on a pre-sales phase for a NetSuite Implementation for a potential customer selling second hand bicycles. We have a topic related to VAT Management as the amount to be considered for the VAT calculation is the margin between sales amount and purchase amount (VAT on Margin Scheme). I didn't find any relevant information on the NetSuite documentation. Would anybody know whether NetSuite is able to manage this type of VAT Calculation out of the box, by customization/scripting? I would appreciate any support, insights or feedback on this particular problematics. Thanks a lot!

NetSuite doesn’t support VAT on Margin Scheme out of the box, but it can be handled through customization or scripting. If you need help implementing this, feel free to contact me at suraj.tambe@lstconsultancy.com or visit https://lstconsultancy.com/contact/