Tax
Purpose:
TruePOS offers maximum flexibility in configuring taxes, accommodating diverse tax requirements such as varying tax percentages for different items or areas. You can define all applicable tax percentages for both the current branch and other branches. These taxes can be accessed from the Item Master screen for default tax settings.
Additionally, TruePOS provides the option to allow or restrict changes to the tax rate during billing.
Menu Access:
Navigate to Masters > Tax > Tax.
Access the Tax Menu:
Go to Masters > Tax > Tax.
Click New Tax:
On the Tax screen, click the New Tax button.
Enter Tax Details:
On the General tab:
Specify the tax percentage in Tax%.
Select a tax type from the Tax Type list.
Leave the Status field as Active.
Save the Tax:
Click Save to add the new tax.
Steps to Delete or Restore a Tax:
Access the Tax Menu:
Go to Masters > Tax > Tax.
Edit the Tax Rate:
Click Edit against the tax rate you want to modify.
Modify the Status:
To deactivate a tax temporarily, select Inactive from the Status list.
To restore a deactivated tax, select Active from the Status list.
Update Changes:
Click Update to save the changes.
Access Business Configuration:
Navigate to Tools > Configuration > Business Configuration > Taxes section.
For CST (interstate sales): Select the Enable InterState Sales checkbox.
For CST (interstate purchases): Select the Enable InterState Purchase checkbox.
For service-related taxes (CESS, EDU CESS): Select the Enable Service Related Taxes checkbox.
In the Outward section, use the checkboxes to allow or deny tax editing during sales.
Save Changes:
Press F4 or click Update.
Create Tax Area:
Define specific tax areas to manage region-wise tax configurations.
Set Up Taxes for Items:
Assign applicable taxes to items in the Item Master screen.
Frequently Asked Questions (FAQs):
Yes, you can assign specific tax rates to items through the Item Master screen.
Yes, you can allow or deny tax rate changes during billing by configuring the options in the Outward section.
Navigate to Tools > Configuration > Business Configuration > Taxes section and select the Enable Service Related Taxes checkbox.
Deactivating a tax temporarily removes it from active use. You can restore it anytime by changing the status back to Active.
Yes, enable the InterState Sales and InterState Purchase options under Business Configuration.
Default tax settings can be configured in the Item Master screen.
Edit the tax entry, update the Tax%, and click Update to apply the new rate.
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