Tax
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Let's say I'm buying gas. In Italy that's taxed with a 22% VAT, but only 40% of that is deductible. I need the full 22% to show in the invoice. When I file my taxes, in the total amount of deductible taxes, I need to consider only the deductible percentage instead. So 40% of the 22% VAT.
Please guide if one may add new value in the list of Sales Tax FrequencyAs we are bound to pay the sales tax within 15 days of transaction. In other words, we need option like 'Immediate'.While in tax setup we are getting only four options to select (Monthly, Quarterly, Half-Yearly, Yearly)
Track sales tax on purchases as a liability that will be paid later to respective tax agency. Please guide detailed steps.
How to cancel a sales tax in QBO?
How to handle GST Reverse Charge according to the new update by the Government of India in QuickBooks Online?
HOW TO RECORD PAYMENT OF CGST PAYABLE AND SGST PAYABLE
I am not able to see GSTIN number of my company on the invoice when the Invoice is created with Services which are "Out of Scope" from tax. The same is visible when the invoice is created "Exclusive of Tax".
