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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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titleAdd GST Rate

Prerequisites

  1. The users' role must have access to

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  1. the Add app operation

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  1. in the GST Rate feature in Inventory - Product Definition - Tax

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  1. Definition through Roles in Ginesys Web - Admin - Security.

  2. You must know the Integrated GST (IGST) RateCentral GST (CGST) Rate, State / Union Territories (SGST / UTGST) Rate and Compensation Cess Rate as decided by the Government.

Step-by-step guide

The steps are as follows:

  1. Go to Ginesys Web

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  1. - Inventory

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  1. - Product Definition

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  1. Tax Definition

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  1.  - GST Rate. 

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  1. This will open the Goods & Service Tax Rate

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  1. Master module.

  2. Click on the Add button.

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  1. This opens the Add window.
    Image Added
  2. In the General section, provide a name for the new tax in the Tax Name field. Also, enter remarks in the Remarks field.

    The Tax Name field is a mandatory field.


  3. In the Tax Rate Details section, fill in all the fields. They are:
    1. Integrated GST (IGST) Rate

      This is the summation of Central GST

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    1. (CGST) Rate and State / Union

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    1. Territories (SGST / UTGST) Rate

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Condition for Add GST Rate:

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    1. .


    2. Central GST (CGST) Rate
    3. State / Union Territories (SGST / UTGST) Rate
    4. Compensation Cess Rate

  1. Click on the Save button.

  2. Record saved successfully. - message will be displayed on the screen.

  3. Click on the

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 You will get a message - "Record Save Successfully" 

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How To: Edit GST Rate

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  1.  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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titleEdit GST Rate

Prerequisites

  1. The users' role must have access to the 

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  1. Modify app operation in the GST Rate feature in Inventory -

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  1. Product Definition

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  1. - Tax

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  1. Definition through Roles in Ginesys Web - Admin - Security.

Step-by-step guide

The steps are as follows: 

  1. Go to Ginesys

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  1. Web - Inventory - Product Definition - Tax Definition - GST Rate. 

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  1. This will open the Goods & Service Tax Rate Master

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  1.  module.
  2. Double click on the record or click on the Edit option (from the Actions menu). This opens the Edit Conversion Type window.

  3. All fields are editable but it should be kept in mind that Integrated GST (IGST) RateCentral GST (CGST) Rate and State / Union Territories (SGST / UTGST) Rate are related. In order to change one, you must manipulate the others.


    1. Tip
      titleExample

      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.





  4. Click on the Save button.
  5. Record saved successfully. - message will be displayed on the screen.

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  1. You can also extinct the selected Tax by

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  1. selecting the This record is extinct.

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Related issues
  1. If you extinct a record, you will not able to use this record for further use.

To go back to the main page click on How To: Define Taxes in Inventory