GST eligibility in Ginesys retail ERP

GST Input Credit Eligibility introduced for Items in Procurement Flow

Description

Many retailers and traders deal with unregistered vendors, in that case, if any purchase is done from them then GST input credit cannot be claimed. Previously, in Ginesys procurement module, all such purchase transactions were maintained through manual entries.

But now, GST ITC (Input Tax credit) eligibility has been introduced at Item level to allow the select input eligibility while doing a purchase transaction. In this new feature, if for any Item Input eligibility is set to 'Not applicable', then instead of posting the GST charges in input account, the system will directly post the same to the Purchase Account.

Jayavi bhandari | June 13th, 2018
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