If you want to make a tax invoice, of course, you have to calculate the tax base. If the transaction in general, the calculation of the tax base is easy to know but what about the calculation of the tax base in a discount transaction? If the transaction has a discount or a discount, the discount must be deducted from the selling price first. However, to reduce the discount there are conditions that must be met, namely you must include a discounted price in the tax invoice. Additionally, if your business is large, perhaps it needs to hire the best xero bookkeeping services.
The discount or discount that must be included is in accordance with the invoice bill. For example, “5/10, n / 30” which means you have to pay off the bill within 30 days but if the bill can be paid within 10 days of the transaction then you will get a discount of 5%.
In the event of such conditions, the issuance of tax invoices made at the time of invoice collection may not include the discounted price because it has not been realized. So prices are listed as normal prices. After the price discount has been made or obtained, you can make a tax invoice correction using a replacement tax invoice.
Tax Invoice Correction
To correct a tax invoice, you cannot do it carelessly by crossing out or deleting or otherwise but must use a replacement tax invoice. The replacement tax invoice will then be filled with the date when the replacement tax invoice is made. Replacement tax invoices still use the Tax Invoice Series Number. Then, this replacement tax invoice also causes you to correct the VAT.
Taxable Goods or Taxable Services
The contract or agreement on Taxable Goods or Taxable Services must contain at least three information: contract value, tax base and amount of Value Added Tax or Value Added Tax on Luxury Goods. If the value of the contract includes both taxes, it must be mentioned. If the initial contract does not mention the two taxes in the amount, the value stated in the contract is called the basis for imposing a tax base.