Assigning Tax Accounts to India GST Types
Assigning tax accounts to a GST type means selecting the accounts where GST will be deposited. The SuiteApp uses GST tax types to track GST in your chart of accounts.
To assign tax accounts for a GST type:
-
Go to Setup > Tax > Tax Types.
-
Click Edit next to the tax type you want to add tax accounts to.
-
Click the Accounts subtab.
-
Select a nexus. The list only shows nexuses for India.
-
Select the Tax on Sales account.
-
Select the Tax on Purchase account.
-
Click Save.
The following table shows the different GST tax types, their descriptions, and setup instructions.
India GST Tax Type |
Description |
---|---|
CGST |
Use this type for regular Central Goods & Services Tax (CGST), which covers both sales and purchases. You must set up tax accounts for both. |
IGST |
Use this type for regular Integrated Goods & Services Tax (IGST), which applies to both sales and purchases. You must set up tax accounts for both. |
SGST |
Use this type for regular State Goods & Services Tax (SGST), which applies to both sales and purchases. You must set up tax accounts for both. |
UTGST |
Use this type for regular Union Territory Goods and Services Tax (UTGST), which covers both sales and purchases. You must set up tax accounts for both. |
GST Cess |
Use this type for regular GST Cess, which applies to both sales and purchases. |
NonRecovery_CGST |
Use this type for purchase transactions with nonrecoverable CGST. The tax amount gets added to the item's or expense's cost. |
NonRecovery_IGST |
Use this type for purchase transactions with nonrecoverable IGST. The tax amount gets added to the item's or expense's cost. |
NonRecovery_SGST |
Use this type for purchase transactions with nonrecoverable SGST. The tax amount gets added to the item's or expense's cost. |
NonRecovery_UTGST |
Use this type for purchase transactions with nonrecoverable UTGST. The tax amount gets added to the item's or expense's cost. |
NonRecovery_GSTCess |
Use this type for purchase transactions with nonrecoverable GST Cess. The tax amount gets added to the item's or expense's cost. |
Reverse Charge_CGST |
Use this type for CGST under reverse charge. It's a default recoverable tax for purchases only. You must set up tax accounts for both purchases and sales. |
Reverse Charge_IGST |
Use this type for IGST under reverse charge. It's a default recoverable tax for purchases only. You must set up tax accounts for both purchases and sales. |
Reverse Charge_SGST |
Use this type for SGST under reverse charge. It's a default recoverable tax for purchases only. You must set up tax accounts for both purchases and sales. |
Reverse Charge_UTGST |
Use this type for UTGST under reverse charge. It's a default recoverable tax for purchases only. You must set up tax accounts for both purchases and sales. |
Reverse Charge_GSTCess |
Use this type for GST Cess under reverse charge. It's a default recoverable tax for purchases only. You must set up tax accounts for both purchases and sales. |
Offset_CGST |
Use this type to offset the Tax on Purchase account for your reverse charge CGST that's nonrecoverable. It's always used with ReverseCharge_CGST and Nonrecovery_CGST. You must set up the tax account for purchases. |
Offset_IGST
Note:
When you pick a Tax on Purchase account for any offset tax type, make sure it’s the same as the one you set up for your reverse charge tax types. |
Use this type to offset the Tax on Purchase account for your reverse charge IGST that's nonrecoverable. It's always used with ReverseCharge_IGST and Nonrecovery_IGST. You'll need to set up the tax account for purchases. |
Offset_SGST |
Use this type to offset the Tax on Purchase account for your reverse charge SGST that's nonrecoverable. It's always used with ReverseCharge_SGST and Nonrecovery_SGST. You must set up the tax account for purchases. |
Offset_UTGST |
Use this type to offset the Tax on Purchase account for your reverse charge UTGST that's nonrecoverable. It's always used with ReverseCharge_UTGST and Nonrecovery_UTGST. You must set up the tax account for purchases. |
Offset_GSTCess |
Use this type to offset the Tax on Purchase account for your reverse charge GST Cess that's nonrecoverable. It's always used with ReverseCharge_GSTCess and NonRecovery_GSTCess. You must set up the tax account for purchases. |