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One of our client doing business for Software products. They want effective and smooth taxation functionality to make sure about the tax amount to be paid to government must be correct and on-time. There were lots of paperwork involved to compute and file tax return. They want to come out from such heavy paperwork and let a tool should do that accurately, on-time.
Time consuming paperwork involved to calculate tax to be paid to governments.
A company want real time information about the amount of tax to be paid to government.
Make sure taxation must be government compliance.
Odoo has provided easy tax application with transparent 'Chart of Taxes' in order to get real time information about how much tax have been received and paid so far during business operation.
We run pilot and client has been convinced to use Odoo for taxation because of ease-of-use and the way information were displayed at right place. We have configured various taxes and ‘Chart of Taxes’ in such a way that company has accurate real time tax information of all Taxes to be paid to government.
Let’s discuss, how we have designed ‘Chart of Taxes’ in context of Goods and Service tax (GST).
Step 2: Create ‘GST Paid’ tax to use it on Customer Invoice.
Step 3: Create ‘GST Receivable’ tax to use it on vendor bill.
Real time accurate taxation data automatically calculated in the system.