Skip to main content

SUMMER SAVINGS 90% OFF QuickBooks for 3 months* Ends 8/27

Buy now
Switch to QuickBooks and 70% off for 3 Months
Talk to Sales: 877-683-3280
Hours
Mon - Fri, 5am - 6pm PST
Sat - Sun, 7am - 4pm PST
Product support & help
Need help signing in?

Tax

Tax

  • 1,293 Topics
  • 1,609 Replies
1293 Topics
W
wpryan5157
 Tax
E
EngrRandz04
 Tax
D
das_tt20056
 Tax
C
corporate-hansra
 Tax
D
DaisyK
 Tax
D
das_tt20056
 Tax
B
blockchainelsalv
 Tax
S
saburiiloriaudit
 Tax
M
maca1
 Tax
U
usernarenwaghe
 Tax
R
roman-beacon-caf
 Tax
S
sheetal-kansara-
 Tax
A
accounts-calcutt
 Tax
G
gnrao1551
 Tax
GST Tax rates

We have recently registered our firm’s Account in Quick Books on trail basis. The firm is mainly dealing with exports and the turnover is more than 5 crores during the last year. More than 95% of our inputs are from only one supplier. As we are exporting the items, we have a special GST rates i.e. 0.10% CGST and 0.10% of SGST.After registering with Quick Books, we have added the two tax rates i.e. 0.10% CGST and 0.10% SGST by using “ADD TAX RATES”. Further, we have grouped the above two tax rates i.e. 0.10% CGST and 0.10% SGST under 0.20% of GST by using the “GROUP RATES”.We have added the above Tax rate i.e. 0.20% of GST to the “PURCHASE BILL” received from our main customer. The above rate i.e. 0.20% GST when applied, have calculated the amounts 0.10% GST and again 0.10% of GST instead of 0.10% of CGST and 0.10% SGST. The above tax rate, when applied, though has given the amount correctly i.e. at 0.10% rate, but the tax rate nomenclature has not correctly furnished i.e. 0.10% CGST an

251
R
V
venugopal.7
 Tax
T
taxation-aurexla
 Tax
M
Mjvargas24
 Tax
A
accounts478
 Tax
C
cmacadan
 Tax
H
huiboon817
 Tax
O
oko-selby-gmail-
 Tax
U
useranwar_p
 Tax
A
aaliya-r-cepco-s
 Tax
M
magnitude-gen
 Tax
P
pearse-bridgeman
 Tax
Show more activity
Start a discussion
Need QuickBooks guidance?
Log in to access expert advice and community support instantly.
Terms & ConditionsAccessibility statement