Discounted Sale Price Scheme

Using the example from IRAS website,

You sold a motor vehicle at $25,000 (excluding GST) on 5 Jan 2024.

GST chargeable = $25,000 x 50% x 9% = $1,125

For GST reporting purposes

Value of standard-rated supply: $25,000

Output tax due: $1,125

method 1.

the GST column is editable. you can change the value to what you need.

method 2.

you can use 2 rows

in the 2nd row, there is no principal amount and the GST is a negative value.

to easily get 50% GST, i change the qty from 1 to 0.5 with the principal amount,

this will automatically calculate 50% GST value. i then copy and paste the the GST value after changing the qty and amount back to zero.

GST report.

both method will have the same results on the GST reporting .