Assigning Default India HSN and SAC Codes for Items and Accounts
The SuiteApp determines the GST tax rate rule for GST calculation based on the default HSN or SAC code and other determinants that applies to an item or account.
Assigning Default India HSN and SAC Codes on Account Records
When you assign a default HSN or SAC section code to an account, the code automatically populates upon selecting this account on transactions. However, you can override the default code when processing transactions.
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 record.
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Click Save.
When a HSN or SAC code is assigned to an account, it will be set as the default India HSN or SAC code on the transaction item line.
Assigning Default India HSN and SAC Codes on Item Records
The India Localization SuiteTax Engine SuiteApp supports GST calculation for the following 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 India Tax Information section, in the HSN or SAC Code field, select the default HSN or SAC code for this item record.
Note:If you select a HSN or SAC code for this item, you cannot set the item record as Non-GST Supply. Inversely, setting an item as Non-GST Supply prevents you from entering a HSN or SAC code for the item.
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In the Reporting UQC field, select the UQC. The value on this field is displayed on the HSN Summary section of the GSTR1 report.
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Click Save.
When you assign a default HSN or SAC code to an item, the code automatically populates upon selecting the item on transactions.
Setting Up Default India HSN and SAC Codes on Shipping Item Records
When you assign a default HSN or SAC section code to a shipping item, the code automatically populates upon selecting the item on transactions. However, you can override the default information when processing transactions.
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 record. Depending on your shipping preference, this code applies to both shipping and handling rates.
Note:If you select a HSN or SAC code for this shipping item, you cannot set the shipping item record as Non-GST Supply. Inversely, setting an item as Non-GST Supply prevents you from entering a HSN or SAC code.
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Click Save.