1.1 Go to Accounting > Maintenance > Configuration > GL Category > Create (GL Category Maintenance)
| Code | GL Name | Description | Ledger | Category | Post to Section |
|---|---|---|---|---|---|
| gstOutput | GST Output Tax | Current Liabilities | Credit | real | CurrentLiabilities |
| gstInput | GST Input Tax | Current Asset | Debit | real | CurrentAssets |
| gstExpenses | GST Expenses | Expenses | Debit | temp | GeneralExpenses |
1.2 Accounting > Maintenance > Configuration > Add GL Code (Add GL Code)
| GL Short Hand | GL Code | GL Name | GL Category | GL Code Name 1 | Remark |
|---|---|---|---|---|---|
| gst_Output | gst_Output | GST Output Tax | Current Liabilities | GST Output Tax | |
| gst_Input | gst_Input | GST Input Tax | Current Assets | GST Input Tax | |
| gst_Output_Suspended | gst_Output_Suspended | GST Output Tax | Current Liabilities | GST Expenses | |
| badDebtAP | badDebtAP | Account Payable | Current Liabilities | Account Payable | |
| badDebtAP_Paid | badDebtAP_Paid | Account Payable | Current Liabilities | Account Payable | |
| badDebtAR | badDebtAR | Account Receivable | Current Assets | Account Receivable | |
| badDebtAR_Recovered | badDebtAR_Recovered | Account Receivable | Current Assets | Account Receivable | |
| gst_Contra | gst_Contra | GST Input Tax | Current Assets | GST Input Tax | Applicable for Imported Goods |
| gst_Control | gst_Control | GST Expenses | General Expenses | GST Expenses | Applicable for IRR adjustment |
1.3 Control Panel > System Admin > EMP Configurations > Tax
1.4 Accounting > Maintenance > Configuration > Tax Configuration
1.5 Inventory > Item > Add / Edit Item > Pricing and Costing Tab
Ensure below settings are correct for all items, which are applicable to GST (either Input / Output GST) :
Should the Tax Code set here is different from the one set in EMP Configuration, the Tax Code set here will take precedence.
| Field | Recommended Value |
|---|---|
| Tax Option | Tax Applicable |
| Input Tax Rate | Tax Code = TX |
| Output Tax Rate | Tax Code = SR |
To update existing item listing, please refer to Item gst
1.6 Supplier > Maintenance > Create / Edit Supplier
This section is optional. Only set this for suppliers with special GST Tax Rate / Code
The Tax Code set here will take precedence over the Tax Code set in EMP Configuration (section 1.3) and Item (section 1.5)
| Field | Sample Value |
|---|---|
| Tax Code | IM |
| Tax Type | GST-MY-INPUT |
| Tax Rate | 0 |
More on GST on Imported Goods
1.7 Customer > Maintenance > Create / Edit Customer
This section is optional. Only set this for customers with special GST Tax Rate / Code
The Tax Code set here will take precedence over the Tax Code set in EMP Configuration (section 1.1) and Item (section 1.3)
1.8 Accounting > Maintenance > Configuration > Add / Edit GL Code
GL's which are meant for Capital Goods Acquired, Bad Debt Relief and Bad Debt Recovered, will need to be tagged to the correct Tax Return Section so that the value can be reported accurately in GST Tax Return Form. More on Generation of GST-03 (without support for TX-RE). :
| GL | Tax Return Section |
|---|---|
| For Capital Goods Acquired | 16_CAPITAL_GOODS_ACQUIRED |
If no tax_code is set for supplier(1.4)/customer(1.5), it should follow the tax_code set at item level(1.3). However, Item level have 2 different tax_code and tax_code_output for purchase and sales side. So, if the page is for purchase txn, it should select tax_code, and if the page is for sales txn, it should select tax_code_output. Then again, if neither is available, it should follow branch level tax_code(1.1). Lastly if even that is not available, it should be assigned to blank.
1.9 Control Panel > Developer > Organization Structure > Company > Edit
Update company GST Tax Registration Number
2.0 Accounting > Maintenance > Configuration > Add Tax Year
Please refer to Add Tax Year
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