Royal alpha 6000ML - Page 61

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Example 7
Setting:
GST = 5% (NON TAX LIMIT PRICE = 100)
PST1 = 10% (NON TAX LIMIT PRICE = 100)
PST2 = 20% (NON TAX LIMIT PRICE = 100)
PST3 = 30% (NON TAX LIMIT PRICE = 100)
TAX LIMIT: NO GST
TAX ON TAX
DEPT#001: GST
DEPT#002: GST + PST1
DEPT#003: GST + PST2
DEPT#004: GST + PST3
GST AMOUNT = GST sales total x GST
PST1 AMOUNT = (PST1 sales total x GST + PST1 sales total) x PST1
PST2 AMOUNT = (PST2 sales total x GST + PST2 sales total) x PST2
PST3 AMOUNT = (PST3 sales total x GST + PST3 sales total) x PST3
************************
* YOUR RECEIPT *
* THANK YOU *
* *
************************
19:17 04-12-2021
MC NO.1234 0066
CLERK01
DEPT#001 *0.66T1
DEPT#002 *0.77T2
DEPT#003 *0.88T3
DEPT#004 *0.99T4
------------------------
SUBTOTAL *3.30
TAX1 *0.17
TAX2 *0.00
TAX3 *0.00
TAX4 *0.00
TOTAL-TAX *0.17
------------------------
TOTAL *3.47
CASH *3.47
--> GST = (66 + 77 + 88 + 99) x 5% = 17
NOTE:
GST iself is not influenced by “Not include GST”.
PST1 AMOUNT = |77| --> Below a limit price --> PST1 = NO TAX
PST2 AMOUNT = |88| --> Below a limit price --> PST2 = NO TAX
PST3 AMOUNT = |99| --> Below a limit price --> PST2 = NO TAX
The absolute value of TAXABLE Amount should be compared with
the LIMIT PRICE.