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.
Pre-requisites
- The users' role must have access to the GST Rate feature by enabling Add / Modify app operation for the feature in Admin - Security - User - Role through Inventory - Product Definition - Tax Definition.
Step-by-step guide
The steps are as follows:
- Go to Ginesys Web > Inventory > Product Definition > Tax Definition > GST Rate.
- Goods & Service Tax Rate Master window opens.
- Click on Add button.
- Add Goods & Service Tax Rate Master window opens.
Put in the Tax Name (mandatory field) and Remarks.
- Now put in the Tax Rate Details (Every fields are mandatory):
- Integrated GST (IGST) Rate
- Central GST Rate
- State / Union Territory GST (SGST / UTGST) Rate
- Compensation Cess Rate
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.
Click on the Save button.
You will get a message - "Record Save Successfully"
How To: Edit GST Rate
Pre-requisites
- The users' role must have access to the Edit app operation in the GST Rate feature in Inventory - Product Definition - Tax Definition Roles in Ginesys Web - Admin - Security.
Step-by-step guide
- Go to Ginesys Web> Inventory> Product Defination>Tax Defination>GST Rate.
- Goods & Service Tax Rate Master will open.
- Select any existingTax Name.
- Click on Action (menu) > Edit.
- Edit Goods & Service Tax Rate Master window will open.
- Now you can change all the fields as per your requirment.
- Click on the Save button.
- Record Save Successfully - message displayed on the screen.
- Now you can see the change you have made.
- you can also extinct the selected Tax by checked the This record is extinct.
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