GST Updates (xLWebPro) |
GST Modifications have been updated in xLWebPro.
Please download xLWebPro6.EXE and Crystal Files from Help-->Download Files First download Crystal Files and then download xLWebPro Exe. After downloading both files, start xLWebPro once again. From any one system run Structure Updates followed by Data Updates.
Go To Updates-->Company Details and fill up your Company GSTIN Number & State Code. GSTIN must always be exactly 15 digits, else your returns will have errors. |
GSTIN & STATE Marking |
You have to edit every Airline, Client, Supplier, Hotel Master and update the GSTIN Number & State Code for every account. This must be completed before the first Data Entry is commenced on 1st July 2017. |
GST Start Date |
Go To Updates-->Accounting Defaults-->General Defaults and move to Set #2, Sr. No. 63, here type the date from which GST is effective (normally 01/07/2017) or any other date as you are being informed. Leave this date BLANK to continue in Service Tax mode. |
GST Tax Rates |
Go To Updates-->Accounting Defaults-->Date-Wise Parameters and Define GST taxation rates as per the advice from your GST consultant / Trade Associations Circular. We have pre-defined GST rates for certain services which may / may not be in confirmation with your GST consultant. You can always create new GST taxation rates as per advice given to you. Parameters defined here are both for Client & Supplier. However if your Supplier is charging differently, go to Supplier Master and define their GST rates from there. |
GST Air Ticketing Rates |
GST Tax Rates for Air Tickets have been set to Zero, which will follow the Commision method of GST payment. In case you are going to charge GST on Basic & YQ, then define GST Rate for INT. Tickets as 1.80% and DOM. Tickets as 0.90%. If your Supplier (wholesaler) is on Commission basis, then go to Supplier Parameter and define GST as 0.00%. |
GST Ledger Posting |
GST Liabilities shall be posted under GL05GI (IGST), GL05GC (CGST) and GL05GS (SGST). Similarly GST amounts charged by Suppliers shall be posted under GA05GI (IGST), GA05GC (CGST) and GA05GS (SGST). |
MOST IMPORTANT |
DO NOT EDIT / DELETE ANY PREVIOUS SERVICE TAX / SB CESS / KK CESS PARAMETERS, LET IT REMAIN AS IT IS. ALSO, DO NOT ALTER ANY ROUNDING-OFF PARAMETERS.
In case you edit the Client / Supplier such that the STATE changes, then you have to also edit and save each entry within that invoice, else your IGST / CGST-SGST calculations can go wrong. |
FINALLY..... |
GST is very similar to Service Tax, only the tax rates are different. Just be careful whether the Client / Supplier is located in your state or not.
Thank you for visiting www.excelsoftware.co.in !!! |