Assigning Default India HSN and SAC Codes for Items and Accounts
The SuiteApp figures out the GST tax rate rule based on the default HSN or SAC code and other factors that apply to an item or account.
Assigning Default India HSN and SAC Codes on Account Records
When you set a default HSN or SAC code for an account, it populates automatically when you pick that account on a transaction. You can still override the default if required.
To assign a default India HSN or SAC code on an account record:
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Go to Lists > Accounting > Accounts.
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Click Edit next to the account record.
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In the India Tax HSN or SAC Code field, select the default HSN or SAC code for this account.
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Click Save.
When you assign an HSN or SAC code to an account, it becomes the default code on the transaction item line.
Assigning Default India HSN and SAC Codes on Item Records
The India Localization SuiteTax Engine SuiteApp calculates GST for these item types:
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Inventory Item
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Lot Numbered Item
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Assembly Item
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Kit/Package Item
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Serialized Item
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Item Group
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Non-Inventory Item (For Purchase, For Resale, and For Sale)
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Other Charge (For Purchase, For Resale, and For Sale)
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Service (For Purchase, For Resale, and For Sale)
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Matrix Item
To assign a default India HSN or SAC Code on an item record:
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Go to Lists > Accounting > Items.
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Click Edit next to the item record.
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Click the Accounting subtab.
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Under the India Tax Information section, in the HSN or SAC Code field, select the default code for this item.
Note:If you select an HSN or SAC code for this item, you can't set it as Non-GST Supply. And, if you set it as Non-GST Supply, you can't enter an HSN or SAC code.
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In the Reporting UQC field, select the UQC. This value appears in the HSN Summary section of the GSTR1 report.
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Click Save.
When you assign a default HSN or SAC code for an item, it populates automatically when you pick that item on a transaction.
Setting Up Default India HSN and SAC Codes on Shipping Item Records
When you assign a default HSN or SAC code for a shipping item, it populates automatically when you pick that item on a transaction. You can still override the default if required.
To assign a default India HSN or SAC code on a shipping item record:
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Go to Lists > Accounting > Shipping.
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Click Edit next to the shipping record.
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In the India Tax HSN or SAC Code field, select the default HSN or SAC code for this shipping item. Depending on your shipping setup, this code applies to both shipping and handling rates.
Note:If you select a HSN or SAC code for this shipping item, you can't set it as Non-GST Supply. And, if you set it as Non-GST Supply, you can't enter an HSN or SAC code.
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Click Save.