TruePOS allows for flexible GST tax configuration in the Sales module. By default, tax amounts for each item are calculated based on the item and tax settings. Users can also modify tax settings during billing, depending on the configuration.

Taxes can be applied in two ways:

1. Inclusive Tax

2. Exclusive Tax

Inclusive Tax:  

In an Inclusive Tax setup, the selling price of an item includes the tax percentage. The tax amount is calculated as follows:

• Sell Price (without Tax):

• Tax Amount:

Exclusive Tax:  

In an Exclusive Tax setup, the selling price of an item does not include the tax percentage. The tax amount is calculated as follows:

• Tax Amount:

Example:

• For the item Perlier Chocolate Vanilla Talcum Powder 3.5 OZ:

• Selling Price = Exclusive of 8.5% tax.

• Tax Inclusive = 'No'.

Steps to Configure Tax Settings:  

1. Create a New Tax:

2. Set Tax Configurations:

• Navigate to Tools > Configurations > Business Configurations > Outward section.

• Select a value from the Tax Column list:

• Allow to Edit: Allows changing the tax in Sales Quotation, Sales Order, Delivery Note, and Sales Bill.

• Don’t Show: Hides the Tax amount from the tabular grid in Sales Quotation, Sales Order, Delivery Note, and Sales Bill.

• Not Allow to Edit: Allows only viewing the taxes in the above documents.

• Press F4 or click Update.

3. Apply Different Tax During Billing:

• Ensure that the Tax Column configuration is set to Allow to Edit.

• Specify the Item Code or press ENTER to select from the pop-up.

• The item details (Name, Sell Price, and Tax%) will appear.

• Enter the Quantity and press ENTER.

• To change the tax:

• Click on the GST % field and press BACKSPACE to erase the existing value.

• Press ENTER to open the tax selection pop-up.

• Select the desired Tax% and press ENTER.

• The updated tax amount will now reflect.

FAQs:  

1. What is the difference between Inclusive and Exclusive Tax?

• Inclusive Tax: The tax is already included in the selling price.

• Exclusive Tax: The tax is calculated separately and added to the selling price.

2. Can I modify the tax during billing?

• Yes, you can modify the tax during billing only if the Tax Column configuration is set to Allow to Edit.

3. How can I hide tax details in the sales grid?

• In Business Configurations, set the Tax Column to Don’t Show.

4. What happens if I deactivate a tax in the Tax Master?

• The deactivated tax will no longer be available for selection during billing.

5. How do I handle different tax rates for the same item in different locations?

• Create separate tax entries in the Tax Master for each applicable rate and select the appropriate rate during billing.

6. Can I restrict users from editing taxes during billing?

• Yes, set the Tax Column configuration to Not Allow to Edit.

7. Is it possible to apply multiple taxes to a single item?

• Yes, create composite taxes in the Tax Master and assign them to the item.

8. What should I do if the GST rate changes?

• Update the tax rate in the Tax Master, ensuring that the new rate is active and assigned to relevant items.