Adding and Managing Taxes
Your business may require you to add taxes, like VAT (Value Added Tax) or GST (Goods and Service Tax) to your invoices. Classcard allows you to add relevant taxes to your invoice without much hassle.
Creating taxes
Editing/deleting a tax
Navigate to the Billing menu on the left panel.
Select on the Taxes tab under 'setup' and click on the Add tax button.
Add the extention of your tax Name, for example, 'goods and services tax' and next, you can add GST for Short name.
Add the Rate of your tax and you're all set!
💡While invoicing, you may then optionally add the tax to your invoice.
💡 Toggle on the ‘make default' box to have the tax added to your new invoices, by default.
To edit a tax, simply click on the specific tax to open it up and make the required edits. Any edit will affect only prospectively i.e. for the new invoices being raised henceforth.
To remove a tax, click on the three vertical dots and choose the Delete option.
Creating taxes
Editing/deleting a tax
To create a tax:
Navigate to the Billing menu on the left panel.
Select on the Taxes tab under 'setup' and click on the Add tax button.
Add the extention of your tax Name, for example, 'goods and services tax' and next, you can add GST for Short name.
Add the Rate of your tax and you're all set!
💡While invoicing, you may then optionally add the tax to your invoice.
💡 Toggle on the ‘make default' box to have the tax added to your new invoices, by default.
Edit or delete a tax:
To edit a tax, simply click on the specific tax to open it up and make the required edits. Any edit will affect only prospectively i.e. for the new invoices being raised henceforth.
To remove a tax, click on the three vertical dots and choose the Delete option.
Updated on: 01/04/2024
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