What is Tax over tax and when to use them?
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- This tax is added when you need to add a tax for a tax below the subtotal.
Ex: You have a tax (CST 5%) and you have to add another tax for only this tax amount (CESS 10%)
This is how you would enter it in the invoice
Subtotal XXX
CST (5%) XX
CESS (10%) X This CESS tax of 10% is added only to the CST tax of 5% and not to the subtotal
Invoice total XXXX
How to set this up in Handdy invoices
Step 1) Create a standard tax CST (5%)
Step 2) Create a Tax over tax CESS (10%)
Step 3) Under the Subtotal . Select standard tax first (CST) and after that select the Tax over tax (CESS)