Overview of Rate wise GST In Marg ERP Software

Process to Enable Rate wise GST in Marg ERP Software

Process to Apply Rate wise GST in Marg ERP Software

Overview Of Rate Wise GST In Marg ERP Software

• There is a requirement through the government for example if any of our products is sold below Rs. 1000 then the GST Tax% that will be charged will be different for that product. If the same or any other product is sold for Rs. 1000 or above then the GST Tax% that will be charged on it will be different.
• This law is applied for different types of products of different categories of trades i.e. shoes, footwear, garments, etc.  So, in order to maintain Rate Wise GST automatically, Marg Software has a provision for it.

Process To Enable Rate Wise GST In Marg ERP Software

Note: Rate wise GST feature not available in Basic Version.

• Go to Masters > Marg Setups > Control Room.

• The user will select ‘Search in all’.

• The user will Search 'Rate Wise GST' and click on ‘Accept’ button.

• In 'Rate wise GST 1-No 2-All 3-Item 4-Company 5-Salt 6-Category 7-Commodity' option, the user will select the option as per the requirement.
• Suppose selects '2' for Rate wise GST for all.

• In 'Calculate on 1-Rate 2-Taxable Value 3-MRP 4-Rate-Disc%' option, the user will select the option as per the requirement.
• Suppose selects '2' for taxable value.

• The user will press 'ESC' key twice.

• Now, click on ‘Yes’ button to save the changes.

Process To Apply Rate Wise GST In Marg ERP Software

• Go to Masters > Rate & Discount Master > Company Special > Rate wise GST for All.

• Now the user will mention all the details as per the requirement.
• Suppose mentions If GST% is '5'.
• If Rate > = 500.
• Charge SGST = 6%
• Charge CGST = 6%
• Charge IGST = 12%

• Thereafter, when user creates sale bill with amount above than mentioned in Rate wise GST then Rate of GST will change as per Setup.
• Suppose we have created a Sale bill of Rs 550 (which is more than the defined value) then rate of GST will pick as 12% automatically and shows an alert that 'Tax change due to rate wise GST'.

Note: Software prefers 'Rate wise GST' Over actual rate of GST of an Item.

After following the above steps, the user can view that Rate wise GST will pick instead of Item Master Rate in Marg ERP Software.