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How is GST amount being calculated when GST inclusive is applied ?
Author: Wan Hua Ng Reference Number: AA-02111 Views: 4364 Created: 2015-03-19 12:08 Last Updated: 2015-03-19 12:08 0 Rating/ Voters

How is GST amount being calculated when GST inclusive is applied ?

 

Answer :

The GST amount is calculated using the below formula

Total after discount x (6/106)

 

Example (a) in Sage 50

7680.00 x (6/106) = 434.72



Example (b) in Sage UBS

250.00 x (6/106) = 14.15

 


Example (c) in Sage POS

50.00 x (6/106) = 2.83


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