How to setup GST Accounting ?

GSTIN Number: you can enter the your business GSTIN number. Sample GSTN format is like 36AAAPA1234A1ZA. First Two numbers represent your state code, next 10 digits represent your PAN number, last three letters is a serial code that varies based on the registration profile, and / or place of supply which is set by the GST Authority.

Taxpayer Type: Taxpayers might be registered under regular, composition, Input service distributor, SEZ, Regular, Composition, Non –Resident, Tax Deductor. You need to select based on your registration type.

1. Regular: The taxpayer can register under GST Regular scheme if his turnover exceeds Rs 20 lakhs in Services and/or 40L in Products in a financial year. The taxpayer who want to take input tax credit can register under GST
2. Composition: The taxpayer whose aggregate turnover in a financial year does not exceed Rs 1.5 Crore in the preceding financial year can opt for composition scheme The taxpayers who wants to pay tax at special rates (1%, 2% or 5%) or who don’t want to enter input tax credit can register under composition. The taxpayer who is registered as composition dealer can select this category.
3. Non–Resident: Non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both, but who has no fixed place of business or residence in India. The taxpayer who is registered as a non-taxable person can select this category.
4. Tax Deductor: The notified persons are required to deduct tax at source from the payments made to supplier of taxable goods or services. The taxpayers who are registered as Tax deductors can select this category.

E-Commerce GSTIN applicable: When goods are sold through e-Commerce portal like Amazon, Flipkart etc, you need to mention the e-commerce GSTIN in this field.

Last Financial Year Turnover: The gross turnover of your business in the last financial year starting from April 01 and ending with March 31 should be mentioned here.

Last Quarter Turnover: The gross turnover of your business in the last quarter (3 months) should be mentioned here.

Mobile: The concerned person 10 digit contact number should be mentioned here

e-Mail Address: Email Id of the business or the concerned person should be given here.

Address Info: Address info is the address of your Business. It includes Flat No, area, City, State, Pincode and Country.

Invoice Customization: EZTax GST provides you with the invoice customization. You can select the colour of your choice for invoice printing. Invoice will be printed with the colour of your choice.

Note: Create a Draft Invoice and print the same to know how its been printed?

Invoice Number starting letters: You can customize the invoice number. You can select the starting letters of the invoice. The customized invoice no will come in the invoice.

Invoice Serial Number: You can customize the invoice serial number. If you want the invoice number to start with 1, enter 0 in this field or if you want the invoice no start with 10, you need to mention 9 in the given field. You can select the starting numbers of the invoice. The customized invoice no will come in the invoice.

Invoice Terms: The terms and conditions on which you run the business should be mentioned here. It will come in the Invoice Print. BTW: you can also modify the same at the time of Invoice Generation. It would be very useful to keep the standard text here and modify as per your requirement at the time of Invoice / Estimate / DC .. Generation.

PO Terms: The terms and conditions (ex: Quality, quantity etc) on which you accept the purchases from your supplier should be mentioned here. It will come in the Purchase Order Print.

Invoice Number Preview: You can select the Simple invoice no format like INV-01 or if you want the year and month wise invoice no like INV-2018-12-01.

Upload Signature: Upload a signature image to show as authorized signature for every invoice you generate and send to your customers / clients.

All you need to do is to sign on a white paper, take a photo using your mobile, use windows paint or equivalent tool to re-size it to a smaller, like 60 X 240 pixels, i.e., 60 pixels height and 240 pixels for width, and restrict the image to 30KB in jpg format and upload in this screen.

Barcode Scanner Setup: To use Barcode Scanner, Select 'No' for 'We are not using barcode scanner?' and 'Update' the information

Update: You need to enter all the required details and click on Update option. Your business details will be updated in EZTax GST system.