on 2024 Apr 04 7:10 PM
hi, Input tax is enabled for which GL Accounts. Output tax is enable for which GL Accounts.
eg For Assets Input Tax is enabled .
Same way can you pls let me knooow for which gl accounts input tax is enabled and for which gl accounts out put tx is enabled.
Request clarification before answering.
Hi @nagakumari
Generally for any purchases or liabilities you would typically have input tax. Similarly for sales revenue and receivable you would typically have output taxes.
However, there is no fixed or hard rule and it depends strictly on what kind of transactions would be posted to a GL Account. This is something, your business owner for tax should determine, depending on the nature of transactions.
Thanks & regards
Sanil Bhandari
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