GST Help

Enter GSTIN No. of company while creating a New company

In Account Master: Input

What is GST Identification Number (GSTIN)?

All the business entities registering under GST will be provided a unique identification number known as GSTIN or GST Identification Number. 

Currently any dealer registered under state VAT law has a unique TIN number assigned to him by state tax authorities. Similarly, service tax registration number is assigned to a service provider by Central Board of Excise and Customs (CBEC). 

Let’sunderstand the structure of GST Identification Number:

• Every taxpayer will be assigned a state-wise PAN-based Goods and Services Taxpayer Identification Number (GSTIN) which will be 15 digit long
• The first two digits of GSTIN will represent the state code. Each state has a unique two digit code like “27” for Maharashtra and “10” for Bihar.
• The next ten digits of GSTIN will be the PAN number of the taxpayer.
• 13th digit indicates the number of registrations an entity has within a state for the same PAN. 
  
  It will be an alpha-numeric number (first 1-9 and then A-Z) and will be assigned on the basis of number of registrations a legal entity (having the same PAN) has within one state. 
  
  For example, if a legal entity has single or one registration only within a state then it will be assigned the number “1” as 13th digit of the GSTIN. If the same legal entity gets another or second registration for a second business vertical within the same state, then the 13th digit of GSTIN assigned to this entity will become “2”. Similarly, if an entity has 11 registrations in the same state then it will be assigned letter “B” in the 13th place. This way up to 35 business verticals of any legal entity can be registered within a state using this system.
• The fourteenth digit currently has no use and therefore will be “Z” by default.
• The last digit will be a check code which will be used for detection of errors.

Here is a list of state codes for your quick reference

In Options change Taxation System from Vat to GST

Create New Tax Slabs For GST.

Goods and service tax is charged under 3 different heads

SGST and CGST will be charged on all bills made within state

IGST will be charged from out of state customers.

Although rate of tax is same in both cases

In case of Sale Within state, customer will be charged SGST & CGST in 50:50 Ratio

And in case of Interstate Sales, Total Tax will be charged as IGST.

This example will help you understand the concept clearly

Different – different Tax rates(percentages) are defined for various goods & services.

In Business ERP Software you need to create these tax slabs

To Create new Tax Slabs for GST,

Click masters >>Tax Slab

1. Enter a Unique Tax Slab Name representing the Tax Percentage
2. Choose System as GST.
3. Choose Category (Goods or Services)
4. Enter SGST, CGST and IGST Percentages.

(as we discussed above, in case of sales within state, SGST and CGST will be charged)

If you are selling out of state Only IGST Will be charged

You need to define SGST and CGST in 50:50 Ratio. And IGST as full ratio.

For Example you need to charge GST @24%, then create Tax Slab as follows

Suppose your taxable Amount is Rs.100/-

In Both cases, customers are charged Rs. 24 towards Ta

1. Define HSN / SAC Code of the item
2. Define GST % of the item

Nomenclature code.

The term HSN number is widely used for taxation purpose in many countries including India. The following links help you to find HSN code number for your commodity for GST documentation like preparation of GST Tax Invoice, computation of GST etc. However, you may reconfirm the correctness of such HSN code mentioned in this website with GST authorities in India.

It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). In simple words, it is an internationally accepted product coding system formulated for classification of goods. India being a member of WCO, HSN is being used in the country for Customs and Central Excise Classifications since 1985. Now, HSN Codes will also be used for GST enrolment/registration purposes. Please find below the list of HSN Codes of products for GST Enrolment purposes:

http://www.sssit.in/gsthelp/HSN-Codes-for-GST-Enrolment.pdf

SAC Code: Service Accounting Codes

List of Service Accounting Codes has been given here under for your quick reference

https://www.gst4u.in/sac/

In Sale Bill Entry, Choose your Sale bill Type properly.

Basically there are 3 types of sales

1. Interstate Sale Bill: if customer belongs to some another state, then select this Sale Type. Only IGST Will be charged on taxable amount. Input Tax credit is available to taxable person against this invoice
2. Retail Invoice: Choose this Invoice if your customer is within state and DO NOT HAVE GSTIN No. (Unregistered Person / end user / consumer). SGST and CGST will be calculated on taxable amount. Input Tax Credit (ITC) will not be available to a taxable person against this invoice.
3. Tax Invoice: Choose this Invoice if your customer is within state and have GSTIN No. (registered GST Dealers). SGST and CGST will be calculated on taxable amount. Input Tax Credit (ITC) will be available to a taxable person against this invoice.

GST Invoice

From Accountancy Point of View, Accounts of SGST and CGST will be credited with the amount of tax.

GST Reports

Various GST Reports are available

GST Summary

GSTR – 1

List of Sale Invoices to Taxable Person within state

List of Interstate Invoices for more than 2.5 Lac Value

List of other Interstate Invoices

GSTR-3

Turnover Details

GSTR-3

Central Goods to Regd. Taxpayers

Shows state wise Sales of Goods and IGST Details with tax rate wise bifurcation

GSTR-3

Central Services to Regd. Taxpayers

Shows state wise Sales of Services and IGST Details with tax rate wise bifurcation

Shows sales entries where

Tax Slab must be made as GST System and category = services

Customer’s State code and GST No. is given properly

Sale Type Region = Central

GSTR-3

Local Goods to Regd. Taxpayers

Shows sales entries where

Tax Slab must be made as GST System and category = Goods

SGST and CGST Rates are specified

Customer’s State code and GST No. is given properly

Sale Type Region = Local

GSTR-3

Local Services to Regd. Taxpayers

Shows sales entries where

Tax Slab must be made as GST System and category = Services

SGST and CGST Rates are specified

Customer’s State code and GST No. is given properly

Sale Type Region = Local

Central Goods to Consumers

Shows sales entries where

Tax Slab must be made as GST System and category = Goods

IGST Rates are specified

Customer’s State code and GST No. is given properly

Sale Type Region = Central

Local Goods to Consumers

Shows sales entries where

Tax Slab must be made as GST System and category = Goods

SGST and CGST Rates are specified

Customer’s State code and GST No. is given properly

Sale Type Region = Local

GSTR-3

Export Sales

Shows sales Totals where

Tax Slab must be made as GST System and category = Goods OR Services

IGST, SGST, CGST Rates are specified

Sale Type Region = Central + Exports

Total Tax Liability on Sales

GST Return E-Filing

Step -1

Confirm Your Company Details for registration

GSTN Username: Every GST Applicant is provided a GSTN Username and password along with GSTIN No. You need to Input Only GSTN Username and GSTIN No. (Password is not required to input here)

Enter your contact details properly. It should be same as you given while applying for GSTIN No.

Input your Registered Mobile No. Only. One Time Password will come on this No. Always apply for GSTIN with owner’s Mobile No. (Not Financial consulatant or CA’s)

After Enter all the correct information, Click on Confirm. Wait for the confirmation message

Step 2

OTP Based Authentication

OTP (One time Password) Based authentication process has been introduced in GST System instead of traditional username and password system of VAT Reporting.

Click on Request for OTP and wait for OTP to come on your registered mobile no. 6 digit OTP will come on your mobile no. within 20 seconds.

Enter this OTP in the textbox and click on Authenticate.

You need to enter the OTP within 5 minutes only as such it will expire within 5 minutes. So be alert to quickly input this OTP. Otherwise if expired then you may need to request for OTP again.

Step 3

E-File Your GST Return

Select Month for which you want to E-File your GST Return and Click OK

All the entries of this selected month will come in the list

Click on E-File GST Return to Completely E-File your Return

Internet connection must be working for all these 3 steps to perform

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