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Setup Transactions to be Inclusive of Tax or Exclusive of Tax

edited Sep 9, 2020 8:03PM in Ask A Guru 19 comments

Now we have been done normal tax setup ans it is work properly. But we need to setup inclusive and exclusive tax in the system. Below i mentioned example for exclusive and exclusive tax.

Inclusive Tax

Net Amount - Rs. 1000

Tax Rate  - 15%

Gross Amount -  Rs. 850

Tax Amount - Rs.150

Exclusive Tax

Net Amount - Rs. 1150

Tax Rate  - 15%

Gross Amount -  Rs. 1000

Tax Amount - Rs.150

Please let us know how to do it.

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