Configure Self-Assessment Taxes on Advance Paid (Prepayment)-Update Third Party/Third-Party Site Tax Profile

You can define tax registration for the supplier or supplier site for the applicable tax regime.

Follow these steps:

1. Navigate to Setup and Maintenance, Financials, Transaction Tax, and Manage Tax Registrations.
2. On the Manage Tax Registrations page, search for the respective third party/third-party site.
3. In the Tax Registrations section, click Create to create tax registration for LRU.
4. Select the registration status as Not Registered for unregistered suppliers and Registered for registered suppliers.
5. Enter the registration number.