Tax Management

I have a bill from Telco and for local calls, there is GST. But for ovreseas call, GST is exempted. These transactions come in the same bill. How do I setup and record?

This is one of the most common issues faced by any users who are not using Highnix ERP. Highnix ERP is able to handle this seems simple, but difficult to resolve siuation. It is actually a simple one-time setup and it can be applied to different vendors, customers and products. Scenario: A telco bill is received for local and overseas calls. For local calls made, the GST applied. But for overseas calls, the GST is exempted. Here are the steps:

1. Assuming that the tax type of TX (current tax rate say 8%) and ZP (Zero Tax) tax type have already been setup in the system. (Note: The system supports two tax types: TX (8%) and ZP (zero tax). Note that zero tax is not the same as tax exemption. Zero tax is still a tax, but the rate is zero. If zero tax is applied, the system will record the input value of the purchase, but the tax amount will be zero. Tax exemption, on the other hand, means that there is no tax liability at all. If tax exemption is applied, the system will not record the input value or the tax amount.)
2. Setup

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