Handling Tax Details

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On Product Definition screen, expand the section Tax Information.

 

Entering product tax information in Nimbus

 

 Purchase Tax: Enter the value of purchase tax. It is the tax paid by you on purchase items. Select the radio button : At Retail Price or At Purchase Price.

Note: By default, Purchase tax is charged in percentage.

Sales Tax Code: If you have defined tax codes on the Tax Code screen and set their default values, select the code from the drop down. The selected default value of tax will automatically appear in the Sales Tax  field.


Enter Sales Tax : Select the radio button Percentage or Value. If tax code (explained above) is selected, the default value for tax  will appear in the field. You can opt for  tax percentage or value by selecting the required radio button.

in Item Definition Tags: GSTpricepurchase taxretailsales tax

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