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Tax
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Hello, Can you please help me get VAT on each line of inventory, there is a law in UAE FTA every line should have the vat amount for the specific item. For now my invoice is showing total VAT below I need to be able to sort it line wise and then total at the bottom. Please let me know how to work it out.
Good day to you, hatim1, Let's set up UAE and KSA VAT in QuickBooks Online (QBO). You'll want to use the QBO International version when setting up UAE and KSA taxes. Find your country through this link: https://quickbooks.intuit.com/choose-country/ and subscribe from there. Once settled, you can then turn on the VAT tracking. Let me show you how:Select Tax on the left menu and select Set up tax.Set up the tax agency details such as the name of your tax agency, any official tax number that has been assigned to your company, your reporting method, how often you file your tax to your tax agency, and whether this tax is meant for sales or purchases, then select Next.Follow the steps to finish the setup and select Done.To ensure that taxes are taken out when you create a transaction, make sure to select Inclusive of Tax or Exclusive of Tax. Check out these articles to keep you updated and for additional inf
Hi,I have Input IGST as per the my accounts in one month. Can i adjust the same Input IGST with Output CGST Payable.To adjust with CGST Payable i credited the Deferred IGST after transferring Input IGST to Deferred IGST.Is it correct? or how it works?
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