How to calculate GST on freight in Sales?
Calculating the GST for freight Transaction
According to the GST norms, tax is levied on the freight charges collected in the bill.
1. In Sales
When freight charge is included, according to the GST regime the highest tax in the bill is applied upon the delivery charge that has been charged. Let us see how to configure it (Followed by a quick product tour on how to enable it).
i) Go to tools->options->options.under master settings click on general settings,choose the calculate tax for freight option.
ii) Use function key F2 to select the option depending upon your business needs to make it either inclusive or exclusive of charges.
iii)Now go to the sales bill and when you press f2 to save the bill you can enter the freight charges and when you press Enter stroke you can enter corresponding freight tax. the highest tax in the bill gets pointed by default you can also select the required tax.
iv)We have also provided the corresponding fields in print namely.
According to the GST norms, tax is levied on the freight charges collected in the bill.
1. In Sales
When freight charge is included, according to the GST regime the highest tax in the bill is applied upon the delivery charge that has been charged. Let us see how to configure it (Followed by a quick product tour on how to enable it).
i) Go to tools->options->options.under master settings click on general settings,choose the calculate tax for freight option.
ii) Use function key F2 to select the option depending upon your business needs to make it either inclusive or exclusive of charges.
iii)Now go to the sales bill and when you press f2 to save the bill you can enter the freight charges and when you press Enter stroke you can enter corresponding freight tax. the highest tax in the bill gets pointed by default you can also select the required tax.
iv)We have also provided the corresponding fields in print namely.
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