BillBook provides flexible tax settings, allowing businesses to apply single or multiple tax rates, create tax groups, or disable tax entirely if not required. ๐๐ฐ
๐น Tax Rates (Adding & Managing) #
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Go to โ Settings โ Tax Rates
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Click โAddโ
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Enter:
- Tax Name (e.g., VAT@5%)
- Tax Rate (%) (e.g., 5%)
โ Click Save ๐พ
๐ Now, the tax can be selected during sales and purchases.
๐ Tax Groups (Combining Multiple Taxes) #
Sometimes, businesses need to apply multiple taxes on invoices or purchases. BillBook allows creating Tax Groups to combine multiple tax rates.
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Go to โ Settings โ Tax Groups
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Click โAddโ
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Enter:
- Tax Group Name (e.g., GST – CGST+SGST)
- Select Sub-Taxes to be included (e.g., CGST@5% + SGST@5%)
โ Click Save ๐พ
๐ The total tax rate for the group will be the sum of all selected sub-taxes.
๐น Example:
- CGST@5% + SGST@5% = GST@10%
- If a sub-tax is edited, the tax group rate updates automatically.
- You cannot delete a tax if it is used in a tax group.
๐ซ Disabling Tax in BillBook #
If your business doesnโt require tax calculations, you can disable tax entirely.
๐น Steps to Disable Tax: #
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Do NOT add tax rates in settings.
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Go to โ Settings โ Business Settings.
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Uncheck “Enable Inline Tax in Purchase & Sell” โ
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Uncheck “Enable Price & Tax Info” โ
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Set “Default Sale Tax” to None.
๐ What happens when tax is disabled?
- No tax rates will apply to sales & purchases.
- The “Price Including Tax” column will be removed from the POS screen.
๐ Why Use Tax Settings in BillBook? #
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Automates tax calculations for sales & purchases ๐
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Allows businesses to apply single or multiple tax rates โ
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Flexible tax groupings for different tax structures ๐
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Easily disable tax for businesses that donโt require it ๐ซ
With BillBookโs Tax Management feature, businesses can customize tax settings as per their needs! ๐๐ฐ
Let me know if you need any refinements! ๐