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.
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?
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