With the Government Announcement that the GST Tax Rate will be amended from 6% to 0% beginning 1st June 2018, the Guide below will provide instructions on the method on setting the GST Tax Rate in ARMS LITE to 0%.
Step 1. Navigate to the GST Setting via MasterFile > GST.
Step 2. Locate and select the Tax code "TX" and click on "Edit".
Step 3. Revise the "Rate (%)" setting to "0" and click on "Save". Repeat the Step 2 and Step 3 with the Tax Code "SR".
Below is a comparison between example Receipt Print-Outs (6% = Receipt A, 0% = Receipt B) . Should the Receipt Print-Out details as in the Receipt B (GST 0%), the GST Tax Rate has been successfully configured to 0%.
Note that Receipt A (GST 6%) has the price of the listed Items being Tax - Inclusive, while Receipt B (GST 0%) has the price of the listed Items as Tax - Exclusive. Please remember to verify the prices of your Inventory after the steps above have been completed.
