Introducing GST

GST (GOODS AND SERVICES TAX)

PERP GST is redesigned to meet all the requirements of GST in modules like Accounts, Materiel management and sales. It has an automated process of filling returns.

SETUP

• Define Multi GST locations (multi GSTIN)
• Define IGST, CGST, SGST and CESS as post GST elements
• Define HSN code for Items
• Define SAC code for services
• Link GST slab rate to HSN code & SAC code
• Link HSN code & SAC code to items & services masters
• Define price model for GST
• Link price model to series master (GRN, Sales Invoice etc..)

PURCHASE

• Entry of GRN and booking of liability with GST input credit
• Entry of Service Booking Voucher and booking of liability with GST input credit
• Entry of PRN (Tax Invoice) and booking of Income with payment of GST
• Debit Note and Credit Note at purchase will impact on ITC Credit ledger appropriately
• Automatic reconciliation of purchases with supplier’s invoice (uploaded in GST System) on daily, weekly and monthly basis
• Automatic mail to supplier in case of mismatches
• Facility to withhold supplier’s payment in above scenario
• Automatic reconciliation of other documents such as debit notes and credit notes also with data uploaded by supplier on GST portal on periodic basis.
• Automatic Input Tax Credit entry generated on authorization of purchase voucher

EXPENSES

• Automatic reconciliation of Expenses with vendor’s invoice (uploaded in GST System) on daily, weekly and monthly basis
• Automatic mail to vendor in case of mismatches
• Facility to withhold vendor’s payment in above scenario
• Automatic reconciliation of other documents such as debit notes and credit notes also with data uploaded by vendor on GST portal
• Automatic Input Tax Credit entry generated on authorization of expense voucher

SALES

• Entry of Sales Invoices and booking of income with GST payable entry
• Entry of Sales Return and booking of liability with GST input credit
• Debit Note and Credit Note at Sales will impact output GST payable ledger appropriately
• Automatic update of Invoices, Debit notes, Credit notes in GST System on daily, weekly and monthly basis on authorization
• Automatic matching of customer’s Sales Return with ERP data
• GST invoice generated for Stock Transfer as well as Sales to Stockists
• Handling of Scheme by automatic conversion to Scheme Discount percentage
• Redefine all the formats for Challan, Invoices and other documents
• Invoice for Samples under GST regime

GST RETURNS

• Filling of GSTR1 Return
• Filling of GSTR2 Return
• Filling of Final Monthly Return GSTR3