Tax Slab
Purpose: The Tax Slab feature in TruePOS enables users to apply different GST tax percentages to items based on their selling price ranges. This document provides a step-by-step guide for creating, mapping, and verifying Tax Slabs in purchase and sales transactions.
Process Overview
Create the Tax Slab
Map the Tax Slab to an Item
Verify Tax Slab in the Purchase Screen
Verify Tax Slab in the Sales Screen
Step 1: Navigate to Tax Slab Creation
Go to Master > Item > Tax Slab.
Step 2: Add a New Tax Slab
Click on the New Tax Slab button.
Step 3: Enter Tax Slab Details
Enter the Tax Slab Name.
Define the Range by specifying "From Amount" and "To Amount."
Select the applicable GST Tax Percentage.
Click the + symbol to add additional ranges, if required.
Step 4: Save the Tax Slab
Click on the Save button.
A confirmation message, "Tax slab has been updated successfully," will appear.
2. Mapping the Tax Slab to an Item
Step 5: Navigate to Item Settings
Go to Master > Item > Item.
Step 6: Assign Tax Slab to an Item
Create a new item or edit an existing one.
In the GST Tab, select the applicable Tax Slab from the dropdown menu.
Click on the Save button to apply changes.
3. Verifying the Tax Slab in the Purchase Screen
Step 7: Check Tax Application in Purchase Invoice
Go to Purchase > Purchase Invoice.
Example scenarios:
For the item Shoe, if the selling price is within the range of 0 to 1000, the GST tax percentage is automatically applied as 5%.
For the item Cloth, if the selling price is within the range of 100 to 5000, the GST tax percentage is automatically applied as 12%.
4. Verifying the Tax Slab in the Sales Screen
Step 8: Check Tax Application in Sales Bill
Go to Sales > Sales Bill.
Example scenarios:
For the item Shoe, if the selling price is within the range of 0 to 1000, the GST tax percentage is automatically applied as 5%.
For the item Cloth, if the selling price is within the range of 100 to 5000, the GST tax percentage is automatically applied as 12%.
FAQs:
Q1: Can I create multiple ranges for a single Tax Slab?
Yes, you can define multiple ranges by using the + symbol during Tax Slab creation.
Q2: Can I edit a Tax Slab after it is created?
Yes, navigate to the Tax Slab screen, select the slab, and make the necessary edits.
Q3: What happens if the selling price doesn’t fall within any defined range?
The system will not apply a GST percentage, and you will need to define a valid range.
Q4: How do I verify if the correct Tax Slab is applied to an item?
Check the applied GST percentage in the Purchase Invoice or Sales Bill screens.
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