Tax Slab Master

Tax Slab Master [HQ]

The Gofrugal HQ Tax Slab Master is a software feature that automates and manages various tax rates based on product price ranges. It ensures accurate tax application, simplifies compliance, and integrates seamlessly with other Gofrugal modules. This feature is especially useful for businesses dealing with complex tax structures, such as those under India’s GST.

GST on Clothes, Readymade Garments, and Textiles:

Goods and Services Tax (GST) on garments/shoes priced below Rs. 2,500 attracts a rate of 5%, while garments/shoes priced at Rs. 2,501 or more are subject to a 12% GST rate.

Now, let's see how the tax slab is created at HQ.

  1. Open HQ and navigate to MDM > Tax Master Management > Tax Slab Master.

  1. Click the Create or Select Tax Slab field, it will show all the available options in the dropdown.   

  1. Type the desired name in the box. As an example, we have given GARMENTS here as we are creating a tax slab for the garments business.

  1. Put 1 in the Rate From and 2500 in the Rate To fields, select GST5% from the Tax field, then click the + sign to create a new row.

  1. Put 2501 in the Rate From and 99999 in the Rate To fields, then select GST12% from the Tax field.

 

  1. Click the Save button.

Note: Once the tax slab is saved, it will be sent to all the outlets automatically.

To confirm, enter 'soumin garments' or a portion of the tax slab master name, and you will be able to view all the lists that include that term.

When you select that option, you can change the tax slab. Click the Update button once you’re done with your changes.

Now, let's verify if the tax slab masters are visible in the out POS.

  1. Open the outlet POS and navigate to Inventory > Masters > Tax - Slab Rate master.

  1. Click the F5 View button and select SOUMIN GARMENTS from the list.

You can find the precise information in the tax slab. Please refer to the screenshot for your convenience.

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