How to register your business as GST Registered in RetailEasy7?
In the case of registered GST suppliers, they have the legal right to provide goods or services to their clients and collect tax from them. They can also credit their clients for the tax they paid on the goods and services they provide.
Purpose of GST Registered Supplier in RetailEasy7:
When you register GST in RetailEasy7, your purchase invoices and sales bills will include GST based on the product tax percentage.
Benefits of GST Registering in RetailEasy7:
The following are the benefits of registering GST in RetailEasy7,
It simplifies the process of bringing a product or service transaction under one GST registered provider
With recorded transactions containing GST rate information, filing GST is easier
By providing GST payment details, it is easy to pay online on the GST portal, which reduces physical transactions and saves time
Calculating tax is easier with a common GST tax applied to all products, and handling data with products created with a precise GST percentage
A Guide to register under GST in RetailEasy7:
Step 1: Navigate to Tools -> Masters -> Registration.
Step 2:
Choose Regular as the registration type and click register to continue.
Click yes, I agree and continue after you have read the terms and conditions.
Step 3: To verify, navigate to Sales -> Sales bill.
Step 4: If you choose a product, you'll see that the GST amount for this billing transaction is entered in the sales bill screen.
By using this method, you can register in GST, and if you wish to change to unregistered GST, you should follow the same steps, selecting unregistered under registration type.
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