HSN/SAC All HSN/SAC Codes for GST Group code selected above shall be displayed as a dropdown for this field, business user has to select appropriate code. Exempted This field is checked if the Bank Charges are exempted from payment of GST.To...
If credit cannot be availed on any Item, Fixed Asset, G/L Account, Resources and Item Charge, then 'Non-Availment' shall be selected manually from the drop down. HSN/SAC Code Specifies HSN/SAC Code for the GST Group selected in GST Group code field. Exempted This field is checked if ...
2: Packing and forwarding charges 3: Excise Duty 4: Education CESS 2% Recoverable Enter a user-defined code from UDC table 75I/RF to indicate whether the tax type is recoverable. Values are: N: Not Recoverable Y: Recoverable Deferred Enter a user-defined code from UDC table 75I/FD to ...
HSN/SAC All HSN/SAC Codes for GST Group code selected above shall be displayed as a dropdown for this field, business user has to select appropriate code. Exempted This field is checked if the Bank Charges are exempted from payment of GST.To...
Bank charges can be Intrastate or Interstate. CGST & SGST are applicable if the bank and customer are located in the same state. IGST is applicable if both are in different states. The place of supply of banking and other financial services to any person shall be the location of the r...
Reverse Charge Specifies whether the group is defined as reverse charge or not. To set up GST posting setup General Ledger Account for each component and state combination is defined state-wise. Choose the icon, enter GST Posting Setup, and then choose the related link. Fill in the fields ...
HSN/SACAll HSN/SAC Codes for GST Group code selected above shall be displayed as a dropdown for this field, business user has to select appropriate code. ExemptedThis field is checked if the Bank Charges are exempted from payment of GST. ...
To set up HSN/SAC Choose theicon, enterTax Type->HSN/SAC, and then choose the related link. Fill in the fields as described in the following table. FieldDescription GST Group CodeSpecifies the GST group code. CodeSpecifies the HSN or SAC Code. ...