April 12, 2024

ERP

How to Setup GST with ERPNext

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Mradul Mishra
CTO Techsolvo
Table of Contents

Introduction

For Indian businesses operating on ERPNext, configuring Goods and Services Tax (GST) is crucial for compliance and accurate financial reporting. This step-by-step guide will walk you through the process of setting up GST seamlessly within your ERPNext instance.


Step 1: Installation of India Compliance App Ensure the India Compliance app is installed in your ERPNext instance.


If not, follow these commands:

bench get-app --branch version-[your erpnext/frappe version] https://github.com/resilient-tech/india-compliance.git

bench --site [site name] install-app india_compliance


 

Step 2: Configure Chart of Accounts Navigate to Accounting > Chart of Accounts:

  1. Switch the view to tree view.
  2. Expand all and edit the child tabs (Tax Assets, Duties and Taxes).
  3. Verify that the tax rates are set to zero or update them accordingly.

Configure chart of accounts

 

Step 3: Update Company Address in CRM Locate CRM > Address:

  1. Update your company address.
  2. Add tax information as required.

set tax to zero

 

Step 4: Define Tax Categories Navigate to Tax Category:

  1. Update the in-state and out-state details according to your business location.

in state gst

Now, you're ready to start generating orders and invoices while ensuring GST compliance within ERPNext.

 

Conclusion:

Integrating GST into ERPNext is essential for Indian businesses to streamline tax compliance and ensure accurate financial reporting. With the guidance provided in this step-by-step guide, you can seamlessly configure GST within your ERPNext instance. However, if you encounter any challenges or seek expert assistance, TechSolvo is here to help. Our team of ERPNext specialists offers comprehensive support to businesses, ensuring smooth integration and optimal utilization of ERPNext functionalities. From initial setup to ongoing maintenance, TechSolvo provides tailored solutions to meet your specific business needs, empowering you to focus on growth and productivity while we handle the technical aspects. Partner with TechSolvo today to unlock the full potential of ERPNext for your business.

 

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