This article describes how to manage the Goods & Service Tax Rate (GST) Master.
How To: Add a new GST rate in the Goods & Service Tax Rate Master
Pre-requisites
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Step-by-step guide
The steps are as follows:
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In the General section, provide a name for the new tax in the Tax Name field. Also, enter remarks in the Remarks field.
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The Tax Name field is a mandatory field. |
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Integrated GST (IGST) Rate
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This is the summation of Central GST (CGST) Rate and State / Union Territories (SGST / UTGST) Rate. |
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| title | How To: Edit a GST Rate in the Goods & Service Tax Rate Master |
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Pre-requisites
- The users' role must have access to the Modify app operation in the GST Rate feature in Inventory - Product Definition - Tax Definition through Roles in Ginesys Web - Admin - Security.
Step-by-step guide
The steps are as follows:
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Double click on the record or click on the Edit option (from the Actions menu). This opens the Edit Conversion Type window.
All fields are editable but it should be kept in mind that Integrated GST (IGST) Rate, Central GST (CGST) Rate and State / Union Territories (SGST / UTGST) Rate are related. In order to change one, you must manipulate the others.
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Before modification: Integrated GST (IGST) Rate is 12%, Central GST (CGST) Rate is 6% and State / Union Territories (SGST / UTGST) Rate is 6%. Now, to change Integrated GST (IGST) Rate, you have to change both Central GST (CGST) Rate and State / Union Territories (SGST / UTGST) Rate. Only then will the system allow you to modify the Integrated GST (IGST) Rate. |
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Tax Rate Master.
To go back to the main page click on How To: Define Taxes in Inventory