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Cumulative tax PST on GST
- Subject: Cumulative tax PST on GST
- From: Khalil Foundy <..hidden..>
- Date: Tue, 29 May 2007 21:21:40 -0700 (PDT)
I red in different places (forum/mailing list) that sales taxes are computed in sequence if the ordering is in sequence (0,1) which is the case of the Canada/Quebec chart of accounts (ledgersmb 1.2.5). However I did a few tests and found it not working. For an amount of $100.00 GST(6%) should be equal to $6.00 and PST(7.5) should be equal to $7.95. ledgerSMB gives me $7.50. Obviously this is not computed in a cumulative way.
The only way I found to get around this is to change the value of PST to be 7.95%.
Any one in Quebec using ledgerSMB and faced the same problem ?
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