Tag: GST

Steps for Configuring GST Under Reverse Charge:

1. Identify Scenarios for Reverse Charge Reverse charge applies to specific goods/services as per GST law, including: Unregistered vendors supplying services or goods. Import of services or goods notified under reverse charge. 2. Configure Tax Codes and Rates 3. Set Up Tax Types 4. Define Tax Rate Rules Navigate to: Setup > India Localization >… Continue reading Steps for Configuring GST Under Reverse Charge:

Editing GST Tax rate rule to change rate

On Editing the GST Tax rate rule to change rate, the following error shows even if there are no associated transactions: A HSN or SAC code can only have one GST rate in the same effective period. Scenario The SAC code “997331 Licensing services for the right to use computer software and databases” was configured… Continue reading Editing GST Tax rate rule to change rate

LUT Bonds

In the context of international trade, a Letter of Undertaking (LUT) is a document that exporters use to declare the intent to fulfill their tax obligations. It is submitted by exporters to the Indian Goods and Services Tax (GST) authorities. By providing an LUT, exporters can supply goods or services without paying GST and claim… Continue reading LUT Bonds

Generate Access Token for Clear Tax GST API

Solution> Generate a client secret key from the clear tax account. Go to Settings>Integrations>API client>Create API client Select GST as products> Select Expiration as never expires>click on create A client secret will be generated Then generate access token using the below URL. Send GET request to the url: {{BASE_URL}}/integration/v1/authz/token If it is a SB clear… Continue reading Generate Access Token for Clear Tax GST API