FrontAccounting forum — Multiple type tax in 1 invoice

Re: Multiple type tax in 1 invoice

2010-04-06T13:53:44Z

Sorry, set the GST (10%) to rate 12.24
The tax system in FA is not built for tax on tax. Isn't it difficult to pick up the tax reports this way?

/Joe

2010-04-06T12:15:55Z

sorry joe, there is a mistake if you set GST at 10%. because 10% x 98.00 = 9.8 (it should be 10 right and not 9.8)

2010-04-06T08:01:29Z

If Income Tax is a sales tax you should set your price to 98.00 and the Income tax (2%) rate to 2.04.
The GST (10%) to 10.

/Joe

2010-04-06T02:41:54Z

dear joe/janush,

how do I create an invoice in which there are 2 different taxes. the first one is include. and the last is exclude.

in my country, GST is set at 10% exclude and Income Tax is set at 2 % include. Plz help me

Sales 98.000
Income Tax 2.000
----------- +
100.000 <== price of the product
GST 10.000
----------- +
110.000 <== total invoice