Last Updated : 05 Feb 2012 13:35:54
Managing invoicing in a multi VAT environment
NS, a very dear customer of ours sells a wide variety of products with different VAT rates. For example, the cables had 4% VAT but the connector had 12.5% VAT and the jute ropes had no VAT. On top of that he also needed to be able to charge installation services which had absolutely no VAT on them but Service Tax.

Before he came on jusbill, the problem he was facing was that his employees would occasionally make the mistake of putting the incorrect VAT rate against the items. Hence 12.5% against a 4% item etc. Plus they would have to sum up items of 4% VAT separately and those with 12.5% VAT separately.

This is the problem that jusbill solved for him. Jusbill automatically calculates VAT based on the item and therefore makes it more accurate to generate invoices in a multi VAT environment. To add to that, Jusbill also automatically takes into consideration CST rules.

The billing staff was happy because it saved them time (rate look up, corrections, rework); it helped them get more accurate bills and it helped them save tax hassles!
Created By : Research Endeavors (RE Webadmin)
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