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In general, tax is a financial charge upon a taxpayer or is a source of public revenue. Sales tax is a basic type of tax levied on the sale of certain goods and services.
You can specify the tax rate for the products as defined in the following steps −
Step 1 − Go to Store and click Configuration.
Step 2 − Click on the Taxes link which manages tax rates and types.
Step 3 − Click Add a tax rate link to add tax for the product.
Step 4 − It will open the taxes window for adding tax rate to the product as shown in the following screen.
It contains some fields such as −
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Title − It is title of the tax rate.
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Display title − It is the front-end display title of the tax rate shown to customers.
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Description − It is used to describe the tax rate.
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Rate − It is a percentage used to calculate the tax which is expressed as a decimal.
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Type − It selects the tax type for the tax rate using drop-down menu.
After filling all the fields, click the Save tax rate button.
Step 5 − You will see the created tax rate name which is used for the product as shown in the following screen.
Step 6 − Go to Home page and click the View cart link to see the products in shopping cart.
Step 7 − Click the Checkout button to see the tax rate added for the products.
Step 8 − You can see the tax rate added along with the Subtotal as shown in the following screen.
The End! should you have any inquiries, we encourage you to reach out to the Vercaa Support Center without hesitation.
