HOW TO IMPLEMENT GST IN FEW STEPS

IN MARG ERP 9+ SOFTWARE

STEP 1: GST IMPLEMENTATION PROCESS

For implementing GST, go to Masters>>Ease of GST Adoption>>Activate

my GST

STEP 2: CONVERT IN GST

A screen will appear asking whether the Backup has been taken or not

before activating GST .

If backup is already been taken and the Challans has been converted

into the bills then Click on “CONVERT IN GST”. Else click on “CANCEL” and

take the backup of the company and convert the Challans into bills.

After that click on “Convert in

GST”

STEP 3: SEPARATE GST

FINANCIAL YEAR

After clicking on “Convert in GST”, two options will appear :

1. Separate Financial Year &

2. Convert GST in Same

Description of Separate Financial

Year

Marg Software recommends to create a new financial year & maintain

the data there itself at the time of implementing GST.

This will split financial year into two parts:

•1st April 2017 to 30th June 2017 (Modifications of VAT Bill)

•1st July 201731st March 2018 (Creation of GST Bill)

Benefit-User can forward the

modifications from old to new

financial year through Carry

Balance option.

This way both VAT & GST bills

can be generated.

STEP 4: GST CONVERSION

After clicking on “Separate Financial year”, a screen of “GST Conversion”

will appear where the following changes would be implemented:

• Creation of New GST Financial Year

• Defining GST No.

•Creation of GST Rates

•Change of Tax% & HSN Code &

• All OTHER CHANGES

related to GST

STEP 5: GST YEAR CREATION

After clicking “Convert in GST”, a new financial year window will appear

of 1st July 2017 to 31st March 2017 which is going to be created.

Enter “Accept”. Then click on “Yes” in GST Year Creation window.

STEP 5: GST YEAR CREATION

STEP 6: Change VAT Tax Masters

Name

In next step it changes the VAT Tax Masters Name and then Click on

“Ok”.

STEP 7: Create Default Tax Types

The software automatically creates Sale & Purchase Types according to

GST Tax Slabs i.e. 0%,5%,12%,18%,28%.

STEP 8: Create HSN/SAC Codes

Now, create HSN code as per your requirement & change all the VAT%

into GST.

In “More” option, you can create more HSN Codes & their respective

taxes by pressing F2 function key & define the GST rates from there.

STEP 8: Create HSN/SAC Codes

STEP 9: Change Tax% & HSN Code in

Bulk on Basis of Old Tax

Now, the user can change all the old Tax % in Bulk into New GST %age by

merging it according to the old taxes.

For changing the tax %, press Enter and it will display the old tax %age.

Difference Calculator-F11 Key

Press F11 key for the difference calculator to find out the rate

You need to replace for the particular HSN code.

STEP 10: Change Product wise

Tax% & HSN Code

Now, there would be few items left in which the TAX %age has been

defined for e.g. as12% but the HSN Code for them is different.

Click “Ok” for changing the HSN Code of the items individually,

Multi-editing on F7 Key

By using F7 key, you can change tax for a particular HSN Code in Bulk

Item Master Vs HSN Code (Tax

Mismatch List) on F8 Key

Tax mismatch b/w item master and HSN code, list will be generated to

modify the required changes

STEP 11: Change in Invoice Format

Marg software recommends not to change the format of the invoice. If the user

selects “Change in Existing Format” then same VAT invoice will get converted into GSTinvoice format.

if the user selects “Load New Format” then software will ask the selection of invoiceformat. If the user select “Don’tchange in existing format” thenno changes would be done.

If the user needs to print theHSN Code in the Invoiceformat then set this optionto “Yes” else select “No”.

If the user needs to print theHSN Code in short form then setthe option “HSN/SAC CodePrint in Short with Summaryin Footer” to “Yes” else theSoftware asks to define theCharacters.

Activation Notification

Happy Journey with MARG ERP 9+ GST Ready

Happy Journey with MARG GST!!