Application of taxes according to HSN code in products

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Application of taxes according to HSN code in products

The HSN code needs to be declared on tax invoice and also to be reported while filing GST return.

While filing GST returns online, HSN code( in case of supply of goods) and SAC( in case of supply of services ) will have to be uploaded and there will be no need for entering the description of goods or services while filing GST return.

Now we can directly put GST in HSN codes and relevant taxes will be automatically selected whenever needed.

We can create HSN, assign taxes, allot HSN to products and apply taxes in the following way:Start writing here...

  • Create an HSN code and assign taxes: 


  • Configure HSN code on products. .

  • Create sale order, the taxes will automatically come and tax amount will get calculated: In case of intrastate sale, CGST and SGST will be applied and in case of interstate sale, IGST will be applied.

GST application in purchase orders:

Intrastate purchase:

Interstate purchase:

GST application in invoices:

Invoice for intrastate transaction.

Invoice for interstate transaction.

So, now it is seamless to apply and use HSN codes as all we need to do is configure HSN code in the product itself and the system is smart enough to apply appropriate taxes according to the HSN code and partner state.

For any query or to get this module please contact us at info@geotechnosoft.com .

Regards,

Geo Technosoft Pvt Ltd.

New Delhi, India

Email: info@geotechnosoft.com

Website: Geo Technosoft

Skype:geotechnosoft