7.28 GST - Why when I enter as 175.10 with 7% tax & save the Tax Amount Change?
Amount := 175.10
Tax Rate := 7% Inclusive
Before Save Tax Amount := 175.10 - (175.1/1.07) = 11.46
After Save Tax Amount := (175.10 -11.46) * 0.07 = 11.45
From the Government Point of view they only see
Taxable Amount := 163.64 (175.10 -11.46)
Tax Amount := Taxable Amt * 0.07
So Government don't had Tax Inclusive Type