SST and Payment Gateway Charges
SST and payment gateway settings are finance-controlled and should apply end to end.
How to Update SST or Gateway Settings
- Go to Finance Profile or Settings.
- Open the Finance tab.
- Update SST enabled state, rate, and before or after discount setting.
- Update payment gateway charge rate and bearer.
- Read the warning that changes only affect new transactions.
- Save the settings.
SST Settings
| Setting | Purpose |
|---|---|
| SST enabled | Controls whether SST is applied to new transactions |
| SST rate | Default is 8 percent unless finance changes it |
| SST application | Applies before discount or after discount |
When settings change, warn users that the new rate applies only to new transactions. Existing records should keep the captured rate and calculation method.
Gateway Charge Settings
| Setting | Purpose |
|---|---|
| Gateway charge enabled | Controls whether gateway charge is calculated |
| Gateway charge rate | Default is 1.5 percent unless finance changes it |
| Bearer | Business absorbed or user borne |
Gateway fee is usually business absorbed. Students should not see the gateway fee unless the setting says the user bears it.
Audit Requirements
Each invoice or payment should capture:
- SST enabled state
- SST rate
- SST before or after discount setting
- Gateway charge enabled state
- Gateway charge rate
- Gateway charge bearer
- Calculated SST amount
- Calculated gateway charge amount
This allows older transactions to remain auditable even after settings change.