Multiple Sales Taxes in an Invoice

schoolkid

How to account a vendor invoice with multiple sales taxes for office supply items? for instance if the invoice value is 10000, out of which 6000 is taxed @ 12.5% and 4000 @ 4%.

Is it possible to change the tax amount and % manually in the invoice?

Appreciate your help!

Thanks
Thomas

ssingla

Which country version you are using?
If using IN version then define different tax group code on the items & define different rates in the Tax details setup.
If using VAT posting setup define different VAT product posting group and the define setup accordingly.

schoolkid

Dear Sandeep

Thanks for your reply!
We are using Indian (IN) version. The expenses are office supplies (printing & stationery) so no inventory is maintained. I am selecting G/L Account in the purchase invoice line item.

Thanks

Savatage

Not that I know the Indian tax rules but..

do you need to keep the tax lines seperate(ie different tax accounts)?
if not then calculate the tax.
add a line for tax (g/l account) and enter the amount.
else add two lines one for the 4% amount and another for the 12.5% amount.

If you wish you can change the description describing the reason for the line.
ie/
Stationary tax (4%)
Office Supplies Tax (12.5%)
etc.

ssingla

You need to define 2 tax group code and user can select the relevant tax group on the purchase line.

schoolkid

Thank you very much for your help!