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How to Apply GST/VAT Rate to Item Price Using Amazon MWS Scratchpad

If you're using Amazon MWS Scratchpad, you might be wondering how to apply the Goods and Services Tax (GST) or Value-Added Tax (VAT) rate to your item price. Fortunately, this process is straightforward and can be done with ease.

To start, go to the 'Tax' tab in the General section of your integration app settings. Here, you'll find a setting that allows you to apply GST/VAT to your marketplace. Enable this setting if you want to apply GST/VAT to your marketplace.

Once enabled, you'll notice two additional settings: 'Apply GST/VAT rate reported by Amazon' and 'GST/VAT rate to apply across all orders'. The first option is selected when Amazon explicitly provides tax details on the order. If they do, selecting this option will ensure that the correct tax rates are applied.

The second option allows you to set a standard GST/VAT rate for all orders placed in your marketplace. This rate will be used to calculate taxes on all orders, including shipping and gift wrap taxes.

It's essential to note that Amazon provides order tax details, which can be verified using the Amazon MWS Scratchpad. If Amazon doesn't provide this information, it's recommended to uncheck the 'Apply GST/VAT rate reported by Amazon' setting and enter the tax rate manually.

When you apply GST/VAT to your item price, the tax calculation logic is consistent across all settlement transactions. The same GST/VAT rate is used for shipping taxes and gift wrap taxes, ensuring accuracy in your financial records.

During order sync from Amazon into NetSuite, any differences between the tax values calculated by NetSuite and those sent from Amazon are stored in the ETAIL TAX TOTAL VARIANCE custom field on the sales order. Similarly, any differences in order totals between NetSuite and Amazon are stored in the ETAIL ORDER TOTAL VARIANCE custom field.

By following these simple steps, you can accurately apply GST/VAT rates to your item prices using Amazon MWS Scratchpad. This ensures that your financial records are accurate and compliant with applicable tax laws.

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