GST Rate is the combination of four components - IGST Rate, CGST Rate, SGST Rate and Compensation Cess Rate. This article describes how to manage GST Rate.
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Pre-requisites- The users' role must have access to
the GST Rate feature by enabling - the Add app operation
for the feature in Admin - Security - User - Role through - in the GST Rate feature in Inventory - Product Definition - Tax
Definition- Definition through Roles in Ginesys Web - Admin - Security.
- You must know the Integrated GST (IGST) Rate, Central GST (CGST) Rate, State / Union Territories (SGST / UTGST) Rate and Compensation Cess Rate as decided by the Government.
Step-by-step guideThe steps are as follows: - Go to Ginesys Web
> - - Inventory
> - - Product Definition
> - - Tax Definition
> - - GST Rate.
- This will open the Goods & Service Tax Rate
Master window opens- Master module.
- Click on the Add button.
Add Goods & Service Tax Rate Master window opensPut in the Tax Name (mandatory field) and Remarks. Now put in the Tax Rate Details (Every fields are mandatory): - This opens the Add Conversion Type window.
In the General section, provide a name for the new tax in the Tax Name field. Also, enter remarks in the Remarks field.
- In the Tax Rate Details section, fill in all the fields. They are:
Integrated GST (IGST) Rate
- Central GST (CGST) Rate
- State / Union
Territory GST You will get a message - "Record Save Successfully" - Territories (SGST / UTGST) Rate
- Compensation Cess Rate
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Condition for Add GST Rate: - IGST Rate, CGST Rate, UGST/UTGST Rate, Compensation Cess Rate can not be blank or zero(0).
- IGST Rate should be equal to the sum of CGST Rate and SGST / UTGST Rate.
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Click on the Save button.
- Click on the Save button.
- Record saved successfully. - message will be displayed on the screen.
- Click on the Close button to close the window. A confirmation window appears with the message - Discard changes? If you want to go back to the Goods & Service Tax Rate Master module, then click Yes, otherwise click No.
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Pre-requisites- The users' role must have access to the GST Rate feature by enabling Modify app operation for the feature in Admin - Security - User - Role through Inventory - Product Definition - Tax Definition.
Step-by-step guideThe steps are as follows: - Go to Ginesys Web> Inventory> Product Defination>Tax Defination>GST Rate.
- Goods & Service Tax Rate Master window opens.
- Select any existing Tax Name to edit or double click on Tax Name.
- Click on Action (menu) > Edit.
- Edit Goods & Service Tax Rate Master window will open.
- Now you can edit all the fields as per your requirment.
- Click on the Save button.
- You will get a message - "Record Save Successfully"
- you can also extinct the selected Tax by selecting the This record is extinct. If you extinct a record, you will not able to use this record for further use.
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To go back to the main page click on How To: Define Taxes in Inventory
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