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Setup Transactions to be Inclusive of Tax or Exclusive of Tax
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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