Taxes

The Taxes setting is the foundation for all tax-related math in the system. It is where you define individual tax components like SGST, CGST, or VAT before they are grouped and applied to transactions. Access this page via Taxes Module...

Tax Groups

Tax Groups act as the logic layer that connects your individual tax components to your customers and suppliers. While "Taxes" define the rates and GL accounts, "Tax Groups" define which of those taxes should be applied during a transaction. Access...

Item Tax Types

Item Tax Types define the taxability of specific products or services. While Tax Groups are assigned to people (Customers/Suppliers), Item Tax Types are assigned to the items themselves to determine if they are fully taxable, partially exempt, or fully exempt....

HSN/SAC Codes Settings

HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) are statutory classification codes required for GST compliance in India. These codes ensure that goods and services are identified globally and taxed at the correct rates. Note: This configuration is...

TDS and TCS Settings

TDS and TCS integration extends beyond the settings page and is directly linked to your Customer and Supplier profiles. This ensures that whenever a transaction is recorded, the system knows exactly which withholding rule to apply based on the entity...