Overview Of Tax Clubbing In Marg Software

Process To Post Tax Clubbing Entry In Marg Software

Process To View Tax Clubbing Entry In Marg Software

OVERVIEW OF TAX CLUBBING IN MARG SOFTWARE

• Tax Clubbing means clubbing both input and output tax of a particular month and then a journal entry is being passed at the end of the month which is required for GST Payable. 

PROCESS TO POST TAX CLUBBING ENTRY IN MARG SOFTWARE

• Go to GST > Tax Clubbing.

A 'GST Tax Clubbing' window will appear.

a. Select Period: Here, select that month whose Tax Clubbing entry needs to be generated.

Suppose select 'August 2023'.

b. Avail ITC Prev. Month:  ITC means Input Tax Credit. Here, if the user needs to carry forward the Input Tax Credit of the previous month then select 'Yes' else leave this field as blank.

c. Avail ITC Prev. F.Y.: Here, if the user needs to carry forward the Input Tax Credit of the previous Financial year(FY.) then select 'Yes' else leave this field as blank.

d. Post in A/C Books: To post Tax Clubbing in the Account books, the user will select 'Yes'.

The user will select other filters as per the requirement.

Click on 'Okay.

• A Marg ERP 9+ alert of 'Tax Clubbing Sheet saved as TAXCLUB_AUG_2023.xls' will appear.
• Click on 'Ok'.

• Again Marg ERP 9+ alert of 'Tax Clubbing entry Posted in Books' will appear.
• Click on 'Ok'.

• The user can view tax clubbing report will get generate.

PROCESS TO VIEW TAX CLUBBING ENTRY IN MARG SOFTWARE

• Go to Books > Entry books > Journal Book.

• A 'Journal Book' window will appear.
• The user will mention the date of that particular for which entry has been posted and press 'Enter' key.

• A 'Journal Book' window will appear.
• The user will press 'Enter' key on particular entry of Tax Club.

After following the above steps, the user can view Tax Clubbing entry will get Post in Marg Software.