Overview/Introduction of GST Outward in Marg ERP Software

Process of GST Outward in Marg ERP Software

OVERVIEW/INTRODUCTION OF GST OUTWARD IN MARG ERP SOFTWARE

GST Outward works/acts as Sale but the basic difference is that it does not have any effect on the Inventory. For example, if the office machine or office furniture is sold or the rent payment is being taken from any tenant then all these will be categorized under GST Outward.

PROCESS OF GST OUTWARD IN MARG ERP SOFTWARE

• In order to create an entry of GST Outward, go to Transactions > GST Outward > Outward. Press Enter.

Fig. 1.1 Menu View to GST Outward in Marg ERP 9+ Software

• Select the ledger of that particular customer from whom the payment has to be received. Then select the type of payment which has to be received for example if the rent payment has to be received from Ahuja Medicine Centre, create a ledger of Rent under Income Indirect Accounts Group. 

Fig. 1.2 Process of Generating GST Outward Bill in Marg ERP 9+ Software

Fig. 1.3 Process of Generating GST Outward Bill in Marg ERP 9+ Software

Fig. 1.4 Process of Generating GST Outward Bill in Marg ERP 9+ Software

• The user will follow the same process for generating bill of GST Outward. Like, this is Rent Bill that is being charged from Ahuja Medicine Centre and the HSN Code for this service is 300409. the Rent is Rs. 15,000. and GST charged is for Rs. 750.

• If the party says that the tax is already included in the amount i.e Rs. 15,000. In that case, the user will go to the Rate Column and press * key on it. Then define the Net Rate as Rs. 15,000. The same process can be followed in the creation of GST Inward Bill. 

Fig. 1.5 Process of Generating GST Outward Bill in Marg ERP 9+ Software

• The user can see the Voucher posting of GST Outward Bill which is being created as below in fig. 1.6.

Fig. 1.6 View of Voucher Posting of GST Outward Bill in Marg ERP 9+ Software

The total payment which is being taken from Ahuja Medicine Centre is Rs. 15,750. Out of which the Rent which is being received is Rs. 15,000 and Rs. 750 (Rs. 375 +Rs. 375) has being charged as Tax from them. This particular amount would be credited to the user’s account.