Enabling the GST tax calculations

  1. Create a country record:
    1. Country code is IN and Name is India. Select the State or province check box.
    2. On the States / Provinces tab, create a record, for example, AP-Andhra Pradesh.
  2. Create business groups and global ledger records:
    • Select the Use HSN / SAC Code on the vendor business group.
    • Select the Use HSN / SAC Code on the customer business group.
    • Select the Require HSN / SAC Code on the general ledger company.
  3. Create tax codes:
    • Create a tax entity. In the Tax System field, select Infor Tax.
    • Create tax codes such as SGST, CGST, or IGST with different tax rates %. In the Tax Type field, select Stand-alone.
    • Create a tax code. In the Tax Type field, select Tax Table Code. Attach the tax code SGST and CGST for intra-state, IGST for inters-state, and IGST for imports, IGST for exports, No Tax Code for composite dealers.
    • Create entity tax codes for all of the tax codes and provide the GL account combinations.
  4. Create HSN/SAC codes:
    • Create all HSN / SAC codes for all items, for example, inventory, non-stock, special, service.
    • Attach the tax codes, intrastate, interstate, import, export, no tax, to HSN / SAC codes with the appropriate tax rates.
  5. Create inventory:
    • Create inventory locations with full address including state and country.
    • Create item locations.
    • Create items in item master for inventory and non-stock items.
    • Attach the HSN /SAC Code for inventory and non-stock items in Classes and Codes tab.
  6. Create vendor masters:
    • Create vendors with the full address including state and country. Select a Tax Registration Type and provide the VAT Registration Country and Number.
    • Create a vendor location with the full address and select a Tax Registration Type. Provide the VAT Registration Country and Number. Vendor location is a concatenation of Vendor Group, Generic delimiter, Vendor, Generic delimiter, and Vendor Location. The vendor location cannot exceed the maximum size of 22 characters.
  7. Create customer masters:
    • Create a customer record with full address including state and country. Select the appropriate Tax Registration Type. Provide VAT Registration Country and Number.

      If a customer has more than one location, create Customer Ship To Locations with full address. Select the appropriate Tax Registration Type. Provide VAT Registration Country and Number.

      Create company customers for the customers.