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      Adding and Modifying Tax Rates in Keka PSA

      Learn how to add, manage, and apply taxes to your invoices

       

       

      TABLE OF CONTENTS

       

      Keka PSA offers comprehensive billing features, including a robust tax management function that simplifies tax application on project invoices. With this feature, you can seamlessly add individual or group taxes to ensure compliance with tax regulations. Whether you’re operating under country-specific tax laws like GST in India or international tax regulations, Keka PSA provides the tools needed to manage tax rates efficiently.

       

      Why Are Tax Rates Important?

      Taxes are a critical aspect of invoicing and financial compliance. Tax rates vary based on:

      • The country where your business operates.
      • The nature of the services you provide.
      • Specific tax regulations, such as state and central taxes.

      For example, in India, GST (Goods and Services Tax) often involves group taxes that combine state and central GST rates into a single applicable rate. Keka PSA allows you to manage both individual and group tax rates effectively.

       

      Benefits of Keka PSA Tax Management

      • Simplified Compliance: Effortlessly manage taxes to align with country-specific regulations.
      • Flexible Configuration: Add, modify, or group taxes to suit your business needs.
      • Streamlined Invoicing: Automatically apply accurate tax rates to project invoices.

       

      How to Add and Modify Tax Rates in Keka PSA

      1. Accessing the Tax Management Section

      1. Navigate to the Project section from the left navigation pane. Go to the Finance tab. Select Settings and click on Taxes to view and manage tax rates.

       

      2. Adding an Individual Tax Rate

      1. Click on the +Add Tax button and select Add Tax from the dropdown menu.



      2. In the Add Tax window:
        • Enter a descriptive Name for the tax (e.g., "Service Tax").
        • Choose the Legal Entity to which this tax applies.
        • Specify the Tax Rate % (e.g., 18%).
      3. Click Add to save the new tax rate.

       

      Pro Tip: Saving tax rates ensures accuracy in your invoices and helps maintain financial compliance.

       

      3. Adding a Group Tax Rate

      Group taxes combine two or more individual taxes into a single rate, perfect for scenarios like GST in India.

      1. Click on the +Add Tax button and select Add Group Tax from the dropdown menu.



      2. In the Add Group Tax window:
        • Provide a Name for the group tax (e.g., "GST India").
        • Choose the applicable Legal Entity.
        • Under the Taxes section, select the individual taxes to combine using the dropdown menu.
        • Alternatively, create a new tax by selecting the +Add New Tax option.
      3. Click Add to save the group tax.

       

      4. Managing Tax Rates

      1. View all tax rates on the Tax Rates page.
      2. Enable or disable a tax rate using the toggle button in the Status column.
      3. Edit a tax rate by clicking the Edit icon under the Actions column.
      4. To delete a tax rate, ensure it is not applied to any invoices or timesheets.

       

      Learn More

      For further information on adding tax rates for billing on timesheets, click here: How to add the Tax Rates for billing in timesheet?