Calculate Reverse Charges

Calculate Reverse Charges

This is a step-by-step guide showing how to calculate reverse charges.

1) We are handling the reverse charge which caters for situations where this is taken care of within the accounting software or if this will need to be handled by generate.TAX. You need to click on the + icon next to Reverse Charges.


2) The respective tax rates must first be mapped to the correct boxes, and then there is the option to select the applicable rates through the right hand window pane and include the tax rate to be applied and calculated in the Output and Input tax boxes.


3) Once you have entered all the data you can click on Update so the data is refreshed.


Idea
Success! You have calculated reverse charges.

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