Tax breakup on the invoice
Invoices that I send to my customers has taxable as well as non-taxable line items. As per law in Maharashtra state, invoice is required to show subtotal of tax on taxable line items. Is this possible?
For example,
Line Item Rate Amount
Item 1 400 400
Item 2 500 500
Subtotal 900
Tax (5%) 45
Item 3 300 300
Total 1245