Tax Rates
- To add a new tax, go to Settings -> Tax Rates -> Add
- Add a descriptive name (eg: “VAT@5%”) and specify the “Tax Rate%”
Tax Groups
- Sometimes you will need to apply multiple taxes to an invoice or purchase. So you should create tax groups by combining multiple taxes.
- To add a Tax Group – click on the Add button, give it a meaningful name and select the tax you want to use in this tax group.
- The tax rate of a tax group will be the sum of the tax rates of the sub-taxes added.
- If a sub-tax is edited, the corresponding tax group’s tax rate will also get updated accordingly.
- You cannot delete a tax if it is used in a Tax Group.
Disable Tax
- Don’t add Tax Rates in settings
- Go to Settings – Business Settings.
- Uncheck “Enable inline tax in purchase and sell“
- Uncheck “Enable Price & Tax info“
- Select “Default Sale Tax” as None
NOTE: If you disable the inline tax in the purchase and sell, the Price Inc tax column will not be shown in the POS screen.
Setting up GST/VAT for your country
Many countries charge more than one sales tax on the same sale (for example VAT plus a levy, or GST split into central and state parts). S-Keub handles this with tax rates and tax groups.
Tax settings:
Go to Settings -> Tax Rate setting.
1. Create a tax rate for each tax your country charges, for example a tax with the name VAT@15% and Tax Rate %: as 15. (15% is for example only; use the applicable tax rate.)
2. Create any other tax or levy in the same way, for example Levy@2.5% with Tax Rate %: as 2.5.
3. Below Tax rate, it shows “Tax groups (Combination of multiple taxes)”. Click on Add, enter a tax group name (for example VAT-and-Levy) and select the sub-taxes that apply together (for example VAT@15% & Levy@2.5%).
4. If different sales attract different combinations of taxes (for example, where GST is split into CGST + SGST for sales within a state and IGST for sales between states), create one tax group for each combination.
With this, when you purchase or sell a product, you can select the applicable tax.
Displaying the tax code (HSN code where your country uses it) for items
1. The tax code depends on the category of a product.
2. Go to Settings -> Categories, click on “Add”. Add the category name and category code. The category code is used as the tax code (HSN code where your country uses it).
3. To display the tax code on the invoice – Go to Settings -> Invoice Settings -> invoice layouts. Add/Edit invoice layout and click on “Show category code or HSN code”. Save it. Assign that invoice layout to your business. More details here
Setting up the invoice format for GST/VAT
Check the detailed guide on invoice format & designs
- To display the summary of tax in the invoice – add the label for “Tax Summary Label”
- To see inline tax try using the columnised tax design or detailed design or Elegant or classic as per your need.
GST/VAT Purchase & Sell Report:
S-Keub can show a GST purchase report and a GST sales report under the Reports menu. Ask SmartPalm support to switch this on for your account – raise a ticket from the customer portal. Once it is on, log in as admin and you’ll see both reports under the reports menu in the left navigation.
Printing Inline Tax in Product Line in Invoice
Inline tax will be printed on the product line only when using the Detailed Invoice design.
Follow the steps mentioned below.
Step 1: Go to Settings > Invoice Settings > Invoice Layout. Select “Detailed Invoice” in the Design Dropdown.
Step 2: Also enable the “Tax label” field in the same invoice layout settings.
Step 3: Save the changes. Now if you add the inline tax during a sale, it will be printed on the product line in the invoice.