To configure SGST and CGST, we use the Group Tax feature in our system
To configure IGST, we use the Normal Tax feature in our system.
Lets configure GST @12%, which consists of CGST 6% & SGST 6%.
Step 1 - Create SubGroups (For Accounting Purpose)
If you are not concerned about accounting, skip this step and go to Step 2.
Go to Masters > Taxes. In the next sub menu - Click on New Tax
At the bottom of the New Tax Screen, there is a Subgroup drop down. Click on New Subgroup.
Create the following Subgroups
- GST Input
- GST Output
Step 2 - CGST Tax
Enter the following in the above screen
Tax Rate(%): 6
Subgroup: GST Output
Click on Save
Step 3 - SGST Tax
Repeat the above steps to create SGST @ 6%
Step 4 - Group Tax
In the Tax Sub-menu, click on the New Group Tax.
In the following screen, do the following
Tax Name: GST - 12
Select CGST - 6
Select SGST - 6
Click on Save.
Step 4 - Assign Tax to Product
Go to Masters > Product > New Product
In the following new product screen, enter the product details and associate the tax to the product