This happens because existing transactions using SV-0 need to be updated and re-saved with the new tax method and taxable sales value.
Follow the steps below to update the SV-0 tax code and correct the SST reporting amount.
Step 1: Update the SV-0 Tax Code
Go to Maintenance, Miscellaneous Files, Tax Code Maintenance.
Search for tax code SV-0 and click Edit.
Under Tax Method, search for and select:
Non-Taxable Services, SST-18D
Click Save.
Step 2: Update Existing Transactions
Go to Journals, Transaction File Maintenance.
Search for the transaction using tax code SV-0.
Edit the transaction.
Under Tax Classification, re-select SV-0 and press Enter.
Under Taxable Sales, enter the sales amount as a negative value.
Example:
If the sales amount is 1000.00, enter -1000.00.
Click Save to apply and lock in the updated tax code and taxable sales amount.
Regenerate the SST reports.
Transaction Entry Method 1
Use the following example for transactions using only SV-0.
Journal Type | Tax Code | Debit | Credit | Taxable Sales |
Sales Journal | SV-0 |
| 1000.00 | -1000.00 |
Debtor Journal | Leave Blank | 1000.00 |
|
|
Transaction Entry Method 2 (Mixed Tax Codes)
Use the following example when combining taxable and non-taxable service tax codes.
Journal Type | Tax Code | Debit | Credit | Taxable Sales |
Sales Journal | SV08 |
| 5000.00 | -5000.00 |
SST Tax Journal | SV08 |
| 400.00 |
|
Sales Journal | SV-0 |
| 1000.00 | -1000.00 |
Debtor Journal | Leave Blank | 6400.00 |
|
|
Important Notes:
Existing transactions entered before the tax method update must be edited and re-saves for the SST report to reflect the correct amount
Ensure the Taxable Sales amount is entered as a negative value when using SV-0 with SST 18D (non-taxable services)