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Former Member
Jun 26, 2009 at 09:49 AM

Invoice & Output tax

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Hi,

I had set up Out put tax as 10%

When I raise a invoice on customer the Tax instead of adding to basic amount get deducted from the basic amount, say I raise a bill for sales of 10000/- add tax @ 10% total amount to be billed to customer should be 11000/-,

The calculation by system is being generated as follws

Amount billed to Customer 10000/-

Sales A/c 9096/-

Out Put Tax 914/-

Please tell me what to do

Regards/ P.K.Jain