Scenario: The government has decided to change the tax rate and the changes is to be applicable from a certain date.
Please follow the steps as given below to change new tax rate and update the transactions as per new rate for a certain period.
Step1: Create a new tax master for changed tax rate. Please use below link for more detail;
Step2: Change 'Tax at Sale' and 'Tax at Purchase' of every products for those tax rate has been changed. Please use below link for more detail;
Step3: Update transactions so that tax calculation changes as per new rate and the same changes effect on book of accounts and others accordingly. Please use below link for more detail;
For more detail please visit: