Rules to enable GST which is applied to the invoices in ADDA.
There are two rules to set up GST in ADDA for auto invoicing:
1.Eligibility : If checked GST will be applied only for the Flats whose Monthly Principal Amount exceeds ₹ 7500. For flats that have the Monthly Principal Amount below ₹ 7500, GST will not apply.
If unchecked GST will be applicable to ALL Flats irrespective of the Monthly Principal Amount.
2.No Exemption :
If checked, GST will be computed on the full Monthly Principal Amount. E.g., if the Monthly Principal Amount is ₹ 9000, GST will be calculated on ₹9000.
If unchecked, first an exemption of ₹ 7500 will be applied on the Monthly Principal amount, on the remaining amount GST will be calculated.E.g., if the Monthly Principal Amount is ₹ 9000, GST will be calculated on ₹ 1500. (₹9000 - ₹ 7500)
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