Re: Instructions for GST India
Thanks Amish. I am glad you were able to compensate for my failings… I am sure many users can benefit from your template, especially if it gets shipped as part of the next release like Frank said. Cheers, Deva > > Message: 1 > Date: Wed, 7 Feb 2018 22:26:35 +0530 > From: Amish > To: gnucash-user@gnucash.org > Subject: Re: Instructions for GST India > Message-ID: <9ab0f1b1-c69b-707b-6bb9-262578619...@gmail.com> > Content-Type: text/plain; charset=utf-8; format=flowed > > > On Tuesday 06 February 2018 08:02 PM, Frank H. Ellenberger wrote: >> Hi, >> >> Am 06.02.2018 um 13:07 schrieb Deva -: >>> And yes, it can certainly go on the wiki for those looking for help. >>> I wish I had something like that to guide me when I was doing the >>> same, but with trial and error, I got to what I wanted. >> Or, if one of you were volunteering to create a template, we could ship >> it with future releases. >> >> The basics to create one are described in >> https://wiki.gnucash.org/wiki/Account_Hierarchy_Template . > > Created pull request: > https://github.com/Gnucash/gnucash/pull/275 > > Description: > This is the base module for setting up accounts for an Indian Business > with Goods and Service Tax (GST). > > Mostly uses Indian terminology to ease the filing of many Indian > Government returs - e.g. Income tax returns, MCA returns and GST returns. > > Amish > > ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Instructions for GST India
On Wednesday 07 February 2018 05:52 PM, Deva - wrote: Frank, Read the wiki and spent better part of my day trying to generate a template, but I am sorry to say I give up. The wiki assumes one is familiar with xml and how gnucash uses xml - neither of which I am comfortable with. I have created XML file and created pull request too. https://github.com/Gnucash/gnucash/pull/275 Having spent all day thinking about this, I am now wondering whether it would have been a futile effort even if I had succeeded in making a template. Reason being - my use case for GST is only a subset of what Amish laid out. Even if we attempt to put Amish's comprehensive setup as a template, it cannot be used by all GST users in India. What we have posted is only one aspect of GST in India, mainly covering GSTR-3B and GSTR-1/2 components of the return. Then there are other aspects such as - - composition dealers - e-way bills (launched recently) - export related services and such… Yes but there are many more normal GST dealers than GST composition dealers. For composition dealers I guess there will be even less accounts. So they can use template and remove unwanted accounts. E-way bill - not sure if that would be part of Gnucash anyway. User can put a note in Invoice stating e-way bill number Export services - I have no idea about their returns but that should not stop us from creating normal templates which can become a starting point. Thanks and regards, Amish. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Instructions for GST India
On Tuesday 06 February 2018 08:02 PM, Frank H. Ellenberger wrote: Hi, Am 06.02.2018 um 13:07 schrieb Deva -: And yes, it can certainly go on the wiki for those looking for help. I wish I had something like that to guide me when I was doing the same, but with trial and error, I got to what I wanted. Or, if one of you were volunteering to create a template, we could ship it with future releases. The basics to create one are described in https://wiki.gnucash.org/wiki/Account_Hierarchy_Template . Created pull request: https://github.com/Gnucash/gnucash/pull/275 Description: This is the base module for setting up accounts for an Indian Business with Goods and Service Tax (GST). Mostly uses Indian terminology to ease the filing of many Indian Government returs - e.g. Income tax returns, MCA returns and GST returns. Amish ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Instructions for GST India
Frank, Read the wiki and spent better part of my day trying to generate a template, but I am sorry to say I give up. The wiki assumes one is familiar with xml and how gnucash uses xml - neither of which I am comfortable with. Here’s what I tried - First I tried to look at my raw xml datafile to map the instructions from wiki onto my datafile. But I got lost in all the encodings and tags and wasn’t sure even after all that effort, whether each account needs to assigned a new uuid. Then I tried exporting just the account tree - instructions say I should be able to select just the accounts I want, but I found that no such choice is given and the whole tree gets exported. Though this was a much smaller file (because of no transactions), I noticed that tax table info wasn’t there (this is also mentioned in the wiki as a drawback to this method). I then saved a copy of my datafile with a different name (as suggested by wiki to retain tax table info). I thought I will first clean up all the accounts/transactions by deleting everything except the GST related accounts. This opened up more issues than it solved. Some accounts could not be deleted because it complained about read-only transactions (voided transactions) being present. Others complained about conflicts with missing splits in scheduled transactions (presumably because I already deleted one of the accounts in the scheduled transaction). I lost my motivation after that. Having spent all day thinking about this, I am now wondering whether it would have been a futile effort even if I had succeeded in making a template. Reason being - my use case for GST is only a subset of what Amish laid out. Even if we attempt to put Amish's comprehensive setup as a template, it cannot be used by all GST users in India. What we have posted is only one aspect of GST in India, mainly covering GSTR-3B and GSTR-1/2 components of the return. Then there are other aspects such as - - composition dealers - e-way bills (launched recently) - export related services and such… Those require a different set of returns to be filed, so the account hierarchy may be different as well. I am not conversant with the above aspects, so I can’t comment on what the appropriate account structure in that case would be. Perhaps it’s better to wait until GST stabilises in India before we can think of introducing a general purpose template for all users. Or maybe, we are going to need different templates depending on who the user is - composition dealer, exporter, interstate supplier, etc. Cheers, Deva > On 06-Feb-2018, at 8:02 PM, Frank H. Ellenberger > wrote: > > Hi, > > Am 06.02.2018 um 13:07 schrieb Deva -: >> And yes, it can certainly go on the wiki for those looking for help. >> I wish I had something like that to guide me when I was doing the >> same, but with trial and error, I got to what I wanted. > > Or, if one of you were volunteering to create a template, we could ship > it with future releases. > > The basics to create one are described in > https://wiki.gnucash.org/wiki/Account_Hierarchy_Template . > > https://wiki.gnucash.org/wiki/Translation#How_to_translate_the_files_containing_the_new_account_hierarchies > might have additional tips. > > Regards > Frank ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Instructions for GST India
On Tuesday 06 February 2018 05:37 PM, Deva - wrote: I can concur with Amish’s setup for GST India, but with a few minor observations. I have a similar setup, though not as elaborate as Amish’s. This is largely due to the fact that I don’t claim GST input tax credit for purchases (my tax credits are negligible compared to what I pay as GST). Also, I have to deal with only 1 tax rate of 18%, but that does involve setting up of 3 tax tables like Amish pointed out - CGST @ 9%, SGST @ 9% and IGST @ 18%. Thanks and yes - you are lucky to have just one tax rate!! :) My few observations - a. Not sure if you need 2 A/R accounts. Since these accounts are not directly used in reports, just having one should do (sub-accounts for GST and NonGST can be merged into the parent). These are required for verifying total in GSTR 1 return. Also GSTR 1 asks for total AR (sale) plus AR of (sale to) Interstate Non-GST dealers. Hence atleast in my case they are required. b. You may find it more helpful by actually putting the tax rate in the tax account name itself. For instance, "Liabilities:Sales:GST:IGST @ 18%” as the account name, instead of "Liabilities:Sales:GST:IGST”. While this will not make a difference if you are using Tax Invoice report, it will show up nicely in case of a Printable Report or Fancy Invoice report because the tax line will read IGST @ 18% (instead of just IGST). I generate printable invoice in Libreoffice Calc (Linux's Excel). But yes your idea is nice. c. I haven’t segregated the NonGST vs. GST (registered vs. unregistered dealers), though I can see the benefit given GST reporting requirements. However, I think with the new transaction report that was posted on this list sometime back (by Doug, I think), one can easily generate summaries based on descriptions in the transaction registers. So if you are diligent about tagging your transactions with proper notes/memos, etc. then you can always generate summaries based on those with the new transaction report to meet the GST reporting requirements. Adding notes / memos require additional care. One spelling mistake and your transaction will not show up in report. I think if you are dealing with large volumes of GST related transactions, Amish’s setup is the way to go, though it may seem a bit tedious to set it up in the beginning. My GST invoices are to the tune of about 100 invoices a year, so I have cut down on my account hierarchy to keep it simple. Yes my setup can be scaled down but depends on the individual's choice and requirement. And yes, it can certainly go on the wiki for those looking for help. I wish I had something like that to guide me when I was doing the same, but with trial and error, I got to what I wanted. I am sure all of us continue to remain indebted to GnuCash to help keep our financial matters in order despite the chaotic rollout of GST that India witnessed not so long ago. Indeed chaotic! And yes Gnucash saved me from purchasing expensive software. Cheers, Deva Amish ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Instructions for GST India
Hi, Am 06.02.2018 um 13:07 schrieb Deva -: > And yes, it can certainly go on the wiki for those looking for help. > I wish I had something like that to guide me when I was doing the > same, but with trial and error, I got to what I wanted. Or, if one of you were volunteering to create a template, we could ship it with future releases. The basics to create one are described in https://wiki.gnucash.org/wiki/Account_Hierarchy_Template . https://wiki.gnucash.org/wiki/Translation#How_to_translate_the_files_containing_the_new_account_hierarchies might have additional tips. Regards Frank ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: Instructions for GST India
This is in response to the post titled in the subject line… I can concur with Amish’s setup for GST India, but with a few minor observations. I have a similar setup, though not as elaborate as Amish’s. This is largely due to the fact that I don’t claim GST input tax credit for purchases (my tax credits are negligible compared to what I pay as GST). Also, I have to deal with only 1 tax rate of 18%, but that does involve setting up of 3 tax tables like Amish pointed out - CGST @ 9%, SGST @ 9% and IGST @ 18%. My few observations - a. Not sure if you need 2 A/R accounts. Since these accounts are not directly used in reports, just having one should do (sub-accounts for GST and NonGST can be merged into the parent). b. You may find it more helpful by actually putting the tax rate in the tax account name itself. For instance, "Liabilities:Sales:GST:IGST @ 18%” as the account name, instead of "Liabilities:Sales:GST:IGST”. While this will not make a difference if you are using Tax Invoice report, it will show up nicely in case of a Printable Report or Fancy Invoice report because the tax line will read IGST @ 18% (instead of just IGST). c. I haven’t segregated the NonGST vs. GST (registered vs. unregistered dealers), though I can see the benefit given GST reporting requirements. However, I think with the new transaction report that was posted on this list sometime back (by Doug, I think), one can easily generate summaries based on descriptions in the transaction registers. So if you are diligent about tagging your transactions with proper notes/memos, etc. then you can always generate summaries based on those with the new transaction report to meet the GST reporting requirements. I think if you are dealing with large volumes of GST related transactions, Amish’s setup is the way to go, though it may seem a bit tedious to set it up in the beginning. My GST invoices are to the tune of about 100 invoices a year, so I have cut down on my account hierarchy to keep it simple. And yes, it can certainly go on the wiki for those looking for help. I wish I had something like that to guide me when I was doing the same, but with trial and error, I got to what I wanted. I am sure all of us continue to remain indebted to GnuCash to help keep our financial matters in order despite the chaotic rollout of GST that India witnessed not so long ago. Cheers, Deva -- From: Liz mailto:ed...@billiau.net>> To: gnucash-user@gnucash.org<mailto:gnucash-user@gnucash.org> Subject: Re: Instructions for GST India Message-ID: <20180205205957.0c294...@billiau.net<mailto:20180205205957.0c294...@billiau.net>> Content-Type: text/plain; charset=UTF-8 Are there any other Indian users of GST who wish to comment, because this needs copying into the wiki if it is "ready to use". Liz On Mon, 5 Feb 2018 11:22:40 +0530 Amish mailto:anon.am...@gmail.com>> wrote: On Sunday 04 February 2018 09:29 PM, TBUA wrote: hello there, Have you figured out a work around for this? Would really like some help with this ! Hello This is how I have done it. It looks complicated at first but works perfectly for me for getting data for GSTR1/2/3B Just giving rough idea. You need to know how to use tax tables in Gnucash and assign them to right accounts. You also need to learn how to generate reports in Gnucash using right accounts. Note: Colon indicates/separates subaccounts Stage 1: (Account creation) 1) Create these income accounts Income:Sales:GST (sales to all GST registered dealers) Income:Sales:NonGST (sales to all unregistered dealers) Income:Sales:Roundoff (any roundoff in bill goes here) 2) Create these expense accounts Expense:Purchase My purchase is always from GST registered dealers so I have not created GST/NonGST subaccounts. You may create 2 sub accounts for GST and NonGST dealers. 3) Create these Asset (GST Tax paid on purchase) accounts Assets:GST-Purchase:CGST Assets:GST-Purchase:IGST Assets:GST-Purchase:SGST Again you may create NonGST purchase accounts if you want. 4) Create these Liabilities (GST tax to be paid to government for sales) accounts Liabilities:Sales:GST:CGST Liabilities:Sales:GST:IGST Liabilities:Sales:GST:SGST Liabilities:Sales:NonGST:CGST Liabilities:Sales:NonGST:IGST Liabilities:Sales:NonGST:SGST 5) Create these receivables (GST sales - including tax) accounts Assets:Trade Receivables:GST Assets:Trade Receivables:NonGST 6) Create these payables (GST purchase payments to be made) accounts Liabilities:Trade Payables Again my purchase is always from GST registered dealers so I have not created subaccounts. Stage 2: (Tax tables) --- Now that all accounts are set. Here are the tax tables that I have created. In my case taxes are either 5% (IGST), 12% (IGST), 2.5%+2.5% (CGST+SGST), 6%+6% (CGST+SGST) Such tax structure exists for both sale and purchase. So we need to create many t
Re: Instructions for GST India
Are there any other Indian users of GST who wish to comment, because this needs copying into the wiki if it is "ready to use". Liz On Mon, 5 Feb 2018 11:22:40 +0530 Amish wrote: > On Sunday 04 February 2018 09:29 PM, TBUA wrote: > > hello there, > > > > Have you figured out a work around for this? Would really like some > > help with this ! > > Hello > > This is how I have done it. > > It looks complicated at first but works perfectly for me for getting > data for GSTR1/2/3B > > Just giving rough idea. > > You need to know how to use tax tables in Gnucash and assign them to > right accounts. > You also need to learn how to generate reports in Gnucash using right > accounts. > > Note: Colon indicates/separates subaccounts > > Stage 1: (Account creation) > > > 1) Create these income accounts > > Income:Sales:GST (sales to all GST registered dealers) > Income:Sales:NonGST (sales to all unregistered dealers) > Income:Sales:Roundoff (any roundoff in bill goes here) > > 2) Create these expense accounts > > Expense:Purchase > > My purchase is always from GST registered dealers so I have not > created GST/NonGST subaccounts. > You may create 2 sub accounts for GST and NonGST dealers. > > 3) Create these Asset (GST Tax paid on purchase) accounts > > Assets:GST-Purchase:CGST > Assets:GST-Purchase:IGST > Assets:GST-Purchase:SGST > > Again you may create NonGST purchase accounts if you want. > > 4) Create these Liabilities (GST tax to be paid to government for > sales) accounts > > Liabilities:Sales:GST:CGST > Liabilities:Sales:GST:IGST > Liabilities:Sales:GST:SGST > Liabilities:Sales:NonGST:CGST > Liabilities:Sales:NonGST:IGST > Liabilities:Sales:NonGST:SGST > > 5) Create these receivables (GST sales - including tax) accounts > > Assets:Trade Receivables:GST > Assets:Trade Receivables:NonGST > > 6) Create these payables (GST purchase payments to be made) accounts > > Liabilities:Trade Payables > > Again my purchase is always from GST registered dealers so I have not > created subaccounts. > > > Stage 2: (Tax tables) > --- > > Now that all accounts are set. Here are the tax tables that I have > created. > > In my case taxes are either 5% (IGST), 12% (IGST), 2.5%+2.5% > (CGST+SGST), 6%+6% (CGST+SGST) > > Such tax structure exists for both sale and purchase. So we need to > create many tax tables. > > I have created them like this: > > 1) > Tax table name that I have given = GST-Sale-5 > Tax table entries: > Liabilities:Sales:GST:CGST = tax percentage 2.5% > Liabilities:Sales:GST:SGST = tax percentage 2.5% > > This is for any intra-state sales where tax charged is 5% > > 2) > Tax table name that I have given = GST-Sale-12 > Tax table entries: > Liabilities:Sales:GST:CGST = tax percentage 6% > Liabilities:Sales:GST:SGST = tax percentage 6% > > This is for any intra-state sales where tax charged is 12% > > 3) > Tax table name that I have given = IGST-Sale-5 > Tax table entries: > Liabilities:Sales:GST:IGST = tax percentage 5% > > This is for any inter-state sales where tax charged is 5% > > 4) > Tax table name that I have given = IGST-Sale-12 > Tax table entries: > Liabilities:Sales:GST:IGST = tax percentage 12% > > This is for any inter-state sales where tax charged is 12% > > 5) > Tax table name that I have given = NonGST-Sale-5 > Tax table entries: > Liabilities:Sales:NonGST:CGST = tax percentage 2.5% > Liabilities:Sales:NonGST:SGST = tax percentage 2.5% > > This is for any intra-state sales to unregistered dealers where tax > charged is 5% > > 6) > Tax table name that I have given = NonGST-Sale-12 > Tax table entries: > Liabilities:Sales:NonGST:CGST = tax percentage 6% > Liabilities:Sales:NonGST:SGST = tax percentage 6% > > This is for any intra-state sales to unregistered dealers where tax > charged is 12% > > 7) > Tax table name that I have given = NonIGST-Sale-5 > Tax table entries: > Liabilities:Sales:NonGST:IGST = tax percentage 5% > > This is for any inter-state sales to unregistered dealers where tax > charged is 5% > > 8) > Tax table name that I have given = NonIGST-Sale-12 > Tax table entries: > Liabilities:Sales:NonGST:IGST = tax percentage 12% > > This is for any inter-state sales to unregistered dealers where tax > charged is 12% > > 9) > Tax table name that I have given = GST-Purchase-5 > Tax table entries: > Assets:GST-Purchase:CGST = tax percentage 2.5% > Assets:GST-Purchase:SGST = tax percentage 2.5% > > This is for any intra-state purchase from GST registered dealers > where tax charged is 5% > > 10) > Tax table name that I have given = GST-Purchase-12 > Tax table entries: > Assets:GST-Purchase:CGST = tax percentage 6% > Assets:GST-Purchase:SGST = tax percentage 6% > > This is for any intra-state purchase from GST registered dealers > where tax charged is 12% > > 11) > Tax table name that I have given = IGST-Purchase-5 > Tax table entries: > Assets:GST-Purchase:IGST = tax percentage 5% > > This is for any inter-stat
Re: Instructions for GST India
On Sunday 04 February 2018 09:29 PM, TBUA wrote: hello there, Have you figured out a work around for this? Would really like some help with this ! Hello This is how I have done it. It looks complicated at first but works perfectly for me for getting data for GSTR1/2/3B Just giving rough idea. You need to know how to use tax tables in Gnucash and assign them to right accounts. You also need to learn how to generate reports in Gnucash using right accounts. Note: Colon indicates/separates subaccounts Stage 1: (Account creation) 1) Create these income accounts Income:Sales:GST (sales to all GST registered dealers) Income:Sales:NonGST (sales to all unregistered dealers) Income:Sales:Roundoff (any roundoff in bill goes here) 2) Create these expense accounts Expense:Purchase My purchase is always from GST registered dealers so I have not created GST/NonGST subaccounts. You may create 2 sub accounts for GST and NonGST dealers. 3) Create these Asset (GST Tax paid on purchase) accounts Assets:GST-Purchase:CGST Assets:GST-Purchase:IGST Assets:GST-Purchase:SGST Again you may create NonGST purchase accounts if you want. 4) Create these Liabilities (GST tax to be paid to government for sales) accounts Liabilities:Sales:GST:CGST Liabilities:Sales:GST:IGST Liabilities:Sales:GST:SGST Liabilities:Sales:NonGST:CGST Liabilities:Sales:NonGST:IGST Liabilities:Sales:NonGST:SGST 5) Create these receivables (GST sales - including tax) accounts Assets:Trade Receivables:GST Assets:Trade Receivables:NonGST 6) Create these payables (GST purchase payments to be made) accounts Liabilities:Trade Payables Again my purchase is always from GST registered dealers so I have not created subaccounts. Stage 2: (Tax tables) --- Now that all accounts are set. Here are the tax tables that I have created. In my case taxes are either 5% (IGST), 12% (IGST), 2.5%+2.5% (CGST+SGST), 6%+6% (CGST+SGST) Such tax structure exists for both sale and purchase. So we need to create many tax tables. I have created them like this: 1) Tax table name that I have given = GST-Sale-5 Tax table entries: Liabilities:Sales:GST:CGST = tax percentage 2.5% Liabilities:Sales:GST:SGST = tax percentage 2.5% This is for any intra-state sales where tax charged is 5% 2) Tax table name that I have given = GST-Sale-12 Tax table entries: Liabilities:Sales:GST:CGST = tax percentage 6% Liabilities:Sales:GST:SGST = tax percentage 6% This is for any intra-state sales where tax charged is 12% 3) Tax table name that I have given = IGST-Sale-5 Tax table entries: Liabilities:Sales:GST:IGST = tax percentage 5% This is for any inter-state sales where tax charged is 5% 4) Tax table name that I have given = IGST-Sale-12 Tax table entries: Liabilities:Sales:GST:IGST = tax percentage 12% This is for any inter-state sales where tax charged is 12% 5) Tax table name that I have given = NonGST-Sale-5 Tax table entries: Liabilities:Sales:NonGST:CGST = tax percentage 2.5% Liabilities:Sales:NonGST:SGST = tax percentage 2.5% This is for any intra-state sales to unregistered dealers where tax charged is 5% 6) Tax table name that I have given = NonGST-Sale-12 Tax table entries: Liabilities:Sales:NonGST:CGST = tax percentage 6% Liabilities:Sales:NonGST:SGST = tax percentage 6% This is for any intra-state sales to unregistered dealers where tax charged is 12% 7) Tax table name that I have given = NonIGST-Sale-5 Tax table entries: Liabilities:Sales:NonGST:IGST = tax percentage 5% This is for any inter-state sales to unregistered dealers where tax charged is 5% 8) Tax table name that I have given = NonIGST-Sale-12 Tax table entries: Liabilities:Sales:NonGST:IGST = tax percentage 12% This is for any inter-state sales to unregistered dealers where tax charged is 12% 9) Tax table name that I have given = GST-Purchase-5 Tax table entries: Assets:GST-Purchase:CGST = tax percentage 2.5% Assets:GST-Purchase:SGST = tax percentage 2.5% This is for any intra-state purchase from GST registered dealers where tax charged is 5% 10) Tax table name that I have given = GST-Purchase-12 Tax table entries: Assets:GST-Purchase:CGST = tax percentage 6% Assets:GST-Purchase:SGST = tax percentage 6% This is for any intra-state purchase from GST registered dealers where tax charged is 12% 11) Tax table name that I have given = IGST-Purchase-5 Tax table entries: Assets:GST-Purchase:IGST = tax percentage 5% This is for any inter-state purchase from GST registered dealers where tax charged is 5% 12) Tax table name that I have given = IGST-Purchase-12 Tax table entries: Assets:GST-Purchase:IGST = tax percentage 12% This is for any inter-state purchase from GST registered dealers where tax charged is 12% Once again since I dont purchase from unregistered dealers - I have not created tax tables for such cases. You may create them. Stage 3: (Data Entry - Invoice and Bill) So we are now almost done. Above looks tedious
Re: Instructions for GST India
hello there, Have you figured out a work around for this? Would really like some help with this ! -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.