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Calculating Goods and Services Tax (GST) on Net Amount of A Charge (Doc ID 2734848.1)

Last updated on DECEMBER 07, 2020

Applies to:

PeopleSoft Enterprise CS Student Financials - Version 9 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

Is it possible to charge GST on a net amount of a charge? For example, if a tuition charge ($5000) has a $1000 waiver applied to it, can the GST amount be calculated only on the remaining $4000 balance of the charge?
 

Solution

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Goal
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