GST Tax Support Settings:

3 Different Taxes in India:

• CGST (Central Goods & Services Tax)
• SGST (State Goods & Services Tax )
• IGST (Integrated Goods & Services Tax)

Go to Settings -> Tax Rate Setting.

1. Create a tax with name CGST@10% and Tax Rate %: as 10. (10% is for example only, use the tax rate applicable)
2. Create a tax with name SGST@10% and Tax Rate %: as 10. (10% is for example only, use the tax rate applicable)
3. Create a tax with name IGST@14% and Tax Rate %: as 14. (14% is for example only, use the tax rate applicable)
4. Below Tax rate, it shows “Tax groups ( Combination of Multiple Taxes )”. Create on Add, enter the tax group name as Intra-State-CGST-SGST and select sub-taxes CGST@10% & SGST@10%.
5. Below Tax rate, it shows “Tax groups ( Combination of Multiple Taxes )”. Create on Add, enter the tax group name as Inter-State-IGST and select sub-taxes IGST@14%.

With this now when you purchase or sell a product you can select the applicable tax.

 

Displaying HSN Code for items (For Some Business)

1. HSN code depend on the category of a product.
2. Go to Settings -> Categories, click on “Add”. Add category name and category code. Category code is same as HSN code.
3. To display HSN code in invoice – Go to Settings -> Invoice Settings -> Invoice Layouts.
4. Add/Edit invoice layout and click on “Show category code or HSN code”. Save it.
5. Assign that invoice layout to your business.