I had recently started to use Manager Software and love its features . I am a Composition Dealer in India . Under Composition Scheme of Indian GST Law, We need to pay GST tax on all Purchase but We can not collect tax from the Customer. At the end of each quarter we need to pay 1% flat tax on Turnover. I am unable to configure Manager for the same.
I had tried to configure manager but the Purchase Tax liability showing under Tax Payeble which effect the Unit price of the Inventory Items…As Tax is not recoverable so I need to know how to configure manager so it can display all tax summary ( GST paid on Purchases, GST paid on Turnover) correctly.
Thanks in advance