3 Different taxes in India:
- CGST (Central Goods & Services Tax)
- SGST (State Goods & Services Tax )
- IGST (Integrated Goods & Services Tax)
Go to Settings -> Tax Rate setting.
1. Create a tax with name [email protected]% and Tax Rate %: as 10. (10% is for example only, use the tax rate applicable)
2. Create a tax with name [email protected]% and Tax Rate %: as 10. (10% is for example only, use the tax rate applicable)
3. Create a tax with name [email protected]% and Tax Rate %: as 14. (14% is for example only, use the tax rate applicable)
4. Below the Tax rate, it shows “Tax groups ( Combination of multiple taxes )”. Create on Add, enter the tax group name as Intra-State-CGST-SGST, and select sub-taxes [email protected]% & [email protected]%.
5. Below the Tax rate, it shows “Tax groups ( Combination of multiple taxes )”. Create on Add, enter the tax group name as Inter-State-IGST, and select sub-taxes [email protected]%.
With this now when you purchase or sell a product you can select the applicable tax.
DIsplay Tax Summary in Invoice #
Check the details guide on invoice format & designs
- To display the summary of tax in the invoice – add the label “Tax Summary Label”
- To see inline tax try using the columised tax design or detailed design or Elegant or classic as per your need.
