How To Use GST (New Vers.)

GST (Goods and Services Tax) is a value-added tax applied to the sale of goods and services. To use GST effectively, businesses must register for GST, charge it on taxable supplies, issue tax invoices, and file regular GST returns to comply with tax regulations.

Learn How To

1. Using GST in Sales Invoices
2. Using GST in Purchase Invoices
3. Using GST in Products

1. Click on Settings

2. Click on Taxes

3. Click on GST

4. Check Enable GST

5. Enter the GST Registration No.

6. Choose the GST Commencement Date

7. Select a default supply tax code

8. Select a default purchase tax code

9. Choose the GST Taxable Period

10. Check GST is inclusive of tax

(If you want the price to include the GST amount)

11. Check 'I have relief order for GST'

(If you are exempt from paying GST)

12. Click on GST is applicable to export of goods (if applicable)

13. Click on GST List to create a list of custom GST tax types to match your specific requirements.

14. Check to enable or disable it

15. Click on add item to add more types

Using GST in Sales Invoices

1. Click on Sales Invoices

2. Add a new Sales Invoice

3. Choose the GST type in the Tax field

Using GST in Purchase Invoices

1. Click on Purchase Invoices

2. Click on Add New

3. Click on Add Supplier

4. Select a supplier

5. Check 'This supplier is GST Registered'

6. Click on confirm

7. Select an item

8. Choose the GST type in the Tax field

9. The applied amount can be viewed here

Using GST in Products

1. Click on Products/Services

2. Click on Add New 

3. Check Include Tax

4. Choose a GST Tax Code

5. You can view the percentage amount

6. You can see the original selling price and the price after GST is applied