How to define GST for Sales and Purchases with basic price range in HDPOSsmart?

Transcription

1 How to define GST for Sales and Purchases with basic price range in HDPOSsmart? HDPOS smart Tutorials If you are running Garments or Footwear s store business in India, then you will have taxes being applied for your Sales and Purchases based on Price range of the items. This tutorial will be helpful for the Garment and Footwear s stores users to define the taxes that are applicable for their business in HDPOSsmart. In HDPOSsmart you can easily manage Central GST (CGST), State GST (SGST) and Integrated GST (IGST) for your sales and purchases with help of Tax Structure module. To define GST with basic price for supply of goods and services follow the steps below: 1. Run HDPOS smart. 2. From main invoice screen, click on Set-Up. 3. From 4 th page, click on Settings. Hyper Drive Information Technologies Private Limited Page 1

2 4. Select General Settings. 5. In General Setting screen, click on the Application tab. 6. From Advance Functionalities section, check the Support Advance Tax Structure checkbox. 7. Click on Apply. 8. Now go-to 3 rd page, click on Tax Management. Hyper Drive Information Technologies Private Limited Page 2

3 9. From Manage Taxes screen, click on Add Tax toolstrip button to add all taxes that will be applied to item. a) In the New Tax Definition window that opens up, enter Tax name and value for Tax as shown below. b) Select In State or Out State radio button based on the tax applicability. c) Click on Add. d) In the same way add all the taxes that you want to apply. e) You can see the added taxes as below. The GST to be levied by the Centre on intra-state (In State) supply of goods and/or services is Central GST (CGST) and that by the States is State GST (SGST). 10. With Tax Structure you can define a combination of CGST and SGST that are applied on item. Hyper Drive Information Technologies Private Limited Page 3

4 11. From the 4 th page, click on Tax Structure. HDPOS smart Tutorials 12. Click on Add Tax Structure toolstrip button to add tax structure details. a) Enter the name and description for the tax structure. b) Select either In State or Out State radio button based on the tax applicability. c) Select Tax Type as either Regular, Nil Rated or Exempted. d) Check Allow Price Range for Tax Definition checkbox to apply price range for the taxes. Hyper Drive Information Technologies Private Limited Page 4

5 e) Click on Add Tax Structure Element to select the tax. Select the taxes that are created in Step 9. f) Enter the calculation base as A which is the Basic Price of an item after Discount on which tax can be applied. g) Now enter Minimum and Maximum Base value for the selected tax and click on OK. h) Now again click on Add Tax Structure Element and select the tax which will be applicable when basic price is exceeding the Maximum Base Value for the tax that has been already added. You will see the same index character (B). Here by default the Minimum Base Value will set as the Maximum Base Value that was specified for the previously added tax. Enter the Maximum base value applicable for the tax. Hyper Drive Information Technologies Private Limited Page 5

6 Note: In the above example, Index Char (B) has to be same for CGST 2.5 and CGST 6 taxes so that either of the one tax will be applied based on the range specified. i) Similarly add other Taxes with the price range as shown below. Hyper Drive Information Technologies Private Limited Page 6

7 j) Once you have added the taxes for the Tax Structure, click on Save button. Eg: Here in this Tax Structure we have added State GST of 2.5% and 6% along with Central GST of 2.5% and 6%. When the Item basic price is below 1000 then CGST 2.5 and SGST 2.5 will be applied and when the basic price exceeds 1000 then CGST 6 and SGST 6 will get applied. To apply GST to the items follow the steps below: 1. From 1 st page, click on Items. Hyper Drive Information Technologies Private Limited Page 7

8 2. Click on Add New Item or Edit Item. HDPOS smart Tutorials 3. In the Tax Details Section, select the tax structure that you have created for your sales and purchase. Click on Update. Note: When you apply Tax Structure with price range for the items, you will only be able to enter Sales Price Before Tax. Hyper Drive Information Technologies Private Limited Page 8