GST Compliance and Reporting

1. Tax Components

Finance Module > Tax Components > New > Main Tab - Create a New Tax Component.

Finance Module > Tax Components Master > Sales Tab - Enter  Tax Rate and Tax Account.

Finance Module > Tax Components > Purchase Tab > Enter Tax Rate and Tax Account > Save

2. Tax Code.

Finance Module > Tax Code > Create a New Tax Code > Save

3. Tax Region 

Finance Module > Tax Regions > New > Create new tax region and select created tax code > Save

4. Tax Rule 

Finance Module > Tax Rule > New > Create a new tax rule by created tax code and set the rule for the supplier > Save

5. In Purchase Module > Purchase Order > Select Tax Code from the drop down

• Based on the selected supplier in the tax rule - Tax code will be automatically selected.

6. Preview Report 

Accounting Module > Reports > GSTR1 Report > Preview