https://localizations.manager.io/start?FileID=SW5kaWE

This will have to wait till Lubos gets the code ready for reverse Charge VAT and suchlike. As the figures are negative for inputs, the total should be correct but we will have to wait and see

[image] Ireland Reversing sign on figures is the easy part but your current issue cannot be solved by reversing sign. Working on that. Also, as for tax code naming. When using your tax codes on invoices, you get these subtotals. I don’t think that’s right. Shouldn’t it s…

@lubos as of version 21.11.25 we still have few issues to be sorted. please update on these. the tax codes’ name still appear on line items for actual multiple rate tax codes. also, single rate tax codes created as multiple rates when selecting more than one tax code on line item. [image] [image…

In the latest version, tax column will show names of components if defined rather than tax code name. This is mechanism to avoid seeing Output: prefix on printed invoices. [image]

@lubos but this mechanism will not show the total tax rate applicable to line items which is the most important thing as per law. also, the totals section will not consolidate the individual tax components. [image] EDIT: Below screenshot provided as a comparison after implementing Label for tax…

thank you @lubos . that fixes one of the issues. can you please update on the below? [image] sharpdrivetek: the new reverse charged mechanism is an improvement but we still need a control over the automatic offset. in our case it would be okay for automatic offset of the outward reverse charged …

[image] OK you want to have two control accounts for tax codes. Can you confirm that tax authority maintains two separate accounts at their end too? What I mean by that… based your lodgements, you can ask tax authority what is your RCM payable and GST payable separately? And when you pay RCM and G…

Hello @sharpdrivetek Why there is such a huge number of tax codes in localization. I don’t think there is any need of 156 tax codes. Main Tax rates that are commonly used are:- 5% 12% 18% 28% So For each rate there is CGST+SGST Output IGST Output And 2 For input 4 for ineligible ITC 2 f…

Dear @lubos As we are using Diffrent tax codes for input and output. So there must Be Two Tax Codes(Input and Output) on Inventory master data instead of Just a Single Tax Code.

India

lubos November 19, 2021, 8:52pm 102

OK, looks like we actually need separate field Label to specify what tax code should be named on printed documents. The latest version (21.11.35) has that now.

Setting up tax codes

Topic		Replies	Views
Goods and Sales Tax in Malaysia Context and Compliance	10	5188	June 29, 2017
Bahrain	83	4115	March 17, 2022
Ireland	76	3100	December 3, 2021
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India

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