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Hi All,
I am working on QBO trial version. When I create Bill, I get option at right upper side to mention all the lines of the Bill as: 'Exclusive of Tax', 'Inclusive of Tax', and 'Out of Scope of Tax'. The issue is that the selection is applied on all lines of the Bill. What is the way if I want to exempt certain line(s) from Tax? E.g. I am purchasing an asset with tax and also mentioning the line for loan (which is exempt from tax). So, how I will proceed the said need? Means I want to mention the Tax inclusion or exclusion line wise NOT bill wise.
Regards,
Abdul Rehman.
Solved! Go to Solution.
It's good to see you again, Abdul Rehman!
The Exclusive of Tax, Inclusive of Tax, and Out of Scope tax rate selections can only be assigned to the entire transaction. If there's one line item on your bill that is exempted for tax, you can assign the EX Exempt code to it.
If you have other questions in mind, feel free to go back to this thread.
It's good to see you again, Abdul Rehman.
Yes, you are correct. If you have no tax code with zero rate, then you can create it and use it in the line item where you'd want to apply it.
To learn more about sales tax, you can read below articles: How do I set up sales GST/VAT rates and use them on forms? (International QBO).
If you have any other questions, please let me know by commenting below. I'd be more than happy to answer any questions you may have.
It's good to see you again, Abdul Rehman!
The Exclusive of Tax, Inclusive of Tax, and Out of Scope tax rate selections can only be assigned to the entire transaction. If there's one line item on your bill that is exempted for tax, you can assign the EX Exempt code to it.
If you have other questions in mind, feel free to go back to this thread.
Hi Jesst,
Thanks for your feedback. Please confirm my understanding in the light of your reply:
"I have to create a Tax Code with zero rate then will use it in the line where tax exemption is required." And this will be a workaround - Right?
Regards,
Abdul Rehman.
It's good to see you again, Abdul Rehman.
Yes, you are correct. If you have no tax code with zero rate, then you can create it and use it in the line item where you'd want to apply it.
To learn more about sales tax, you can read below articles: How do I set up sales GST/VAT rates and use them on forms? (International QBO).
If you have any other questions, please let me know by commenting below. I'd be more than happy to answer any questions you may have.
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