This article describes how to manage the HSN/SAC Master.
HSN is used so that GST can be globally accepted. It also helps in systematic classification of Goods worldwide.
HSN is used so that GST can be globally accepted. It also helps in systematic classification of Goods worldwide.
Pre-requisites
- The users' role must have access to the Add app operation in the HSN/SAC feature in Inventory - Product Definition - Tax Definition through Roles in Ginesys Web - Admin - Security.
Step-by-step guide
The steps are as follows:
- Go to Ginesys Web - Inventory - Product Definition - Tax Definition - HSN / SAC. This will open the HSN / SAC Master module.
- Click on the Add button. The Add HSN/SAC Code window opens.
Fill in the details in the General section. The fields are: HSN/SAC Code, Description and Applicable for.
HSN/SAC Code and Applicable for are mandatory fields
The Applicable for field is a drop-down. The available options are: Goods and Services.
- In the Applicable Goods & Service Tax section, click on the Add Row button. A new row is added.
- Click on the Effective Date column and select the date the tax will be applicable from.
- Select the slab from the Slab Applicable column. The available values are Yes and No.
- Select the GST slab using Define GST Slabs button. Also select the GST Rate Name. Enter Remarks, if needed.
- Click on the Save button.
To go back to the main page click on How To: Define Taxes in Inventory
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