Overview of revise MRP and billing rates after the new GST reform in MargBooks Software

Process to Revise MRP and Billing Rates After the New GST Reform in MargBooks Software

Overview of revise MRP and billing rates after the new GST reform in MargBooks Software

• In MargBooks software, users can now update billing rates and MRP easily following the introduction of GST 2.0 in India. The revised GST rates have been applied to various goods and services, impacting both the Maximum Retail Price (MRP) and the sale rate (billing rate). Since MRP includes all applicable taxes, any change in GST—whether an increase or decrease—directly affects it. Similarly, the billing rate, which is calculated before tax, must also be adjusted to reflect the new GST structure. Therefore, businesses are required to update their pricing in MargBooks to ensure regulatory compliance, accurate billing, and transparent pricing for consumers.

Note: User can change the MRP and billing rate only after updating the new GST tax rate in the item master.

Process to Revise MRP and Billing Rates After the New GST Reform in MargBooks Software

• On Dashboard click on the 'Revise MRP'.

• The user can view Revise MRP on Tax change window.

• User can select MRP round off as per requirement.

• The user will click on 'apply sale rate to all HSNs' check box.
• The user will select rate as per the requirement and click on 'Apply button.

• Click on 'Change MRP' Check box.
• Press 'f10' or 'save' button.

• Confirmation pop-up will appear.
• User will type ‘sure’.
• Click on update button.

After following the above process, the MRP and billing rates will be updated successfully in MargBooks software.