Notice that the GST TCS is calculated based on the defined percentage (10.0). In the customer payment, on the General tab, notice that GST that was calculated on the invoice amount is excluded from the GST TCS calculation. The following illustration shows the posted journal voucher. The GST ...
on community project supplied by a registered business ... 31 Input tax claim on tripartite arrangement 32 MANNER TO CLAIM INPUT TAX 33 Documents Needed in Claiming Input Tax 33 Return 35 ACCOUNTING FOR TAX 35 Accounting Basis 35 Invoice Basis 35 Payment Basis 36 Offsetting Input Tax against ...
Notice that the GST TCS is calculated based on the defined percentage (10.0). In the customer payment, on the General tab, notice that GST that was calculated on the invoice amount is excluded from the GST TCS calculation.The following illustration shows the posted journal voucher.The GST TCS...