How do I enter a discounted sale price scheme entry
For this example please reference IRAS example.
You sold a motor vehicle at $25,000 (excluding GST) on 5 Jan 2023.
GST chargeable = $25,000 x 50% x 8% = $1,000
For GST reporting purposes
Value of standard-rated supply: $25,000
Output tax due: $1,000
the GST value can be manually changed to 50% of the original value.
For reporting box one value is the full principal value.
for output tax it is also the 50% value.
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