Setting for countries with GST support
Setting for countries with GST support
We see a large number of users from Asia preferring Keyrox MyBusiness, so we wrote this guide to help them use the cloud application in a better way.
Tax settings:
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3 Different taxes in India:
- CGST (Central Goods & Services Tax)
- SGST (State Goods & Services Tax )
- IGST (Integrated Goods & Services Tax)
Go to Settings -> Tax Rate setting.
1. Create a tax with name CGST@10% and Tax Rate %: as 10. (10% is for example only, use the tax rate applicable)
2. Create a tax with name SGST@10% and Tax Rate %: as 10. (10% is for example only, use the tax rate applicable)
3. Create a tax with name IGST@14% and Tax Rate %: as 14. (14% is for example only, use the tax rate applicable)
4. Below Tax rate, it shows “Tax groups ( Combination of multiple taxes )”. Create on Add, enter the tax group name as Intra-State-CGST-SGST and select sub-taxes CGST@10% & SGST@10%.
5. Below Tax rate, it shows “Tax groups ( Combination of multiple taxes )”. Create on Add, enter the tax group name as Inter-State-IGST and select sub-taxes IGST@14%.
With this now when you purchase or sell a product you can select the applicable tax.
Displaying HSN Code for items (For some business)
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1. HSN code depend on the category of a product.
2. Go to Settings -> Categories, click on “Add”. Add category name and category code. Category code is same as HSN code.
3. To display HSN code in invoice – Go to Settings -> Invoice Settings -> invoice layouts. Add/Edit invoice layout and click on ” Show category code or HSN code”. Save it. Assing that invoice layout to your business.
Above is comprehensive documentation as per our knowledge on using KEYROX POS for Asian users, especially Indian users, do check it out.