Taxes

Taxes holds the rules that put the right tax on every document: Sales and Purchase Taxes and Charges Templates such as VAT 13% - YFF, VAT 5% for ride share and electricity, 0% for exports and the Finance Act 2083 fee templates. Item Tax Template sits beside them. Tax Category and Tax Rule pick a template by customer or supplier, and Tax Withholding Category holds the TDS rates. The VAT 13% template produced the Rs 4,160 on the Rs 32,000 Jivan Dahal invoice.

1. 01Go to Taxes from the sidebar.
2. 02Open Sales and Purchase Taxes and Charges Template to review VAT 13% - YFF and the 5% and 0% templates.
3. 03Open Tax Rule to see which Tax Category maps to which template.
4. 04Open Tax Withholding Category to check rent 10%, contract 1.5% and consultancy rates.
5. 05Assign a Tax Category to each customer and supplier so documents pick the template automatically.
6. 06Post a test invoice and confirm the VAT line hits 2261 - VAT Payable - YFF.

Set up 13 percent VAT and TDS rates here.

The VAT 13 percent template that produced Rs 4,160 on a Rs 32,000 invoice.