Details of a Return

It's important to carefully review each return to understand how Galvix calculated the amount payable. To do this, navigate to Returns, then click on the specific return you want to review. This will open the Return Details page where information is divided in 4 sections:

1. General Information

The General Info card provides key details about the return, including:

• Jurisdiction – The location for which the return is being filed.
• Period Ending – The last date of the filing period covered by the return.
• Filing Frequency – How often the return must be filed (monthly, quarterly, annually, etc.).
• Approval Deadline – The last date by which the return must be reviewed and approved.
• Approved By – The name of the person who approved the return (if applicable).
• Due Date – The deadline to file the return with the jurisdiction.
• Filing Date – The date the return was filed (if Galvix has already submitted it).

2. Return Information

The Return Info card provides a summary of sales activity in the jurisdiction during the filing period. It includes:

• Gross Sales - The total sales revenue reported for the filing period excluding Marketplace sales and refunds.

  Gross Sales = Total Sales - Marketplace Sales - Total Refunds

  
  

• Taxable Sales - The portion of Gross Sales that is subject to sales tax after accounting for exemptions and non-taxable transactions.

  Taxable Sales = Gross Sales - Non-Taxable Sales - Exempted Sales

  
  

• Tax Expected - The tax amount calculated by Galvix for the jurisdiction.

  
  

• Additional Charges - Any extra fees added to the total amount due, including penalties, interest, and rounding adjustments.

  Penalty + Interest + Rounding Off

  
  

• Deductions - Reductions applied to the total tax liability, which may include credits, excess tax collected, vendor’s compensation (if applicable), and any prepayments (both previous and current). These deductions help lower the final amount due.

  Credits + Excess Tax + Vendor’s Compensation + Previous Prepayment + Current Prepayment

  
  

• Amount Due - The total tax liability owed to the jurisdiction based on the taxable sales within the filing period.

  (Tax Expected + Additional Charges) - Deductions

  
  

• Tax Difference - The variance between the tax calculated by Galvix and the actual tax collected through the transactions associated with the Return.

  Tax Difference = Tax Expected - Tax Actual

3. Transactions

The Transactions card lists all transactions included in the return. These transactions contribute to the total amount due calculation.

4. Attachments

Once Galvix files a return, any confirmations, including acknowledgments or payment receipts received, will be uploaded to the return. You can view or download these documents from the Attachments section on the Return Details page.