What this screen is for
Every tax rate available on your documents is listed here with its name, code, percentage, category and status. You can add a new rate, edit an existing one, or deactivate a rate you no longer charge, and search the list when it grows long.
Why it matters
Changing a rate affects the documents raised after the change, not the ones already issued, which keep the tax that was calculated when they were saved. That is deliberate, and it is also why editing an existing rate rather than adding a new one is rarely what you want when a statutory rate changes - add the new rate and deactivate the old one, so the history stays readable.
What you see on this screen
The table sits under a heading reading All Tax Types, with the note that it manages all tax rates including custom tax types. It has six columns: Name, Code, Rate, Category, Status and Actions. The category is read from the code you give the rate, so a code of GST_18 groups under GST.
Adding or editing a rate opens a form with Name (required, for example Standard GST), Code (required, for example GST_18), Rate (%) (required), tick boxes for Compound Tax and Active, and an optional Description.
Below that, an Associated Accounts panel shows where the tax posts in your books. For India this lists CGST Input Tax Credit, CGST Output Tax, SGST Input Tax Credit, SGST Output Tax, IGST Input Tax Credit and IGST Output Tax, alongside the Sales Account and Purchase Account. Elsewhere it shows Sales Account, Purchase Account, Input Tax Account and Output Tax Account. Any account not yet mapped reads Not assigned.
Filters and actions
A Search tax types box narrows the list; there are no other filters. Add Tax Rate creates one. Each row can be edited, deleted, or switched between active and inactive from the status badge itself. Deleting shows the name, code and rate first and warns that it cannot be undone.
Status values
Active - offered when raising a document. Inactive - retired; it stays on documents already issued but is no longer offered on new ones.
Related
- Charge Types - additional charges that can carry a default tax
- Invoice Settings - defaults applied to new documents
- Company Profile - the tax identifiers printed on documents