Refrens gives you the flexibility to add all types of tax rates according to your business needs & local regulations.
If you are an Indian business looking to add GST to your invoices and other documents, you can do that as well. Not just that, you can also choose between IGST & CGST+SGST and add cess as well if required.
Let’s see how:
Step 1: Click on “Configure Tax/Add Tax”
While creating an invoice or any other document, click on an option called “Configure Tax/Add Tax” ( You will see this just above the invoice columns as shown below.).
Step 2: Select Tax type (GST) from the drop-down
Under the “Configure Tax/Add Tax” option, you will see a dropdown menu where you can select the tax type as “GST”.
Step 3: Select the GST type.
You can select if you want to add IGST or CGST+SGST.
As you see above, you will also see two other options: 1) Add Cess and 2) Reverve Charge Applicability
If you want to add cess as well, you can do that from the “Add Cess” option. Learn more about how to add cess from here.
You can also select if the Reverse Charge applies to this invoice. Learn more about applying reverse charge from here.
Step 4: Fill in invoice details
Once tax configuration is done, fill in the rest of the invoice details such as items, GST rates, quantity, etc. Watch this demo video for more information >
Also, once you fill in the GST rates, Refrens will automatically calculate the respective IGST or SGST+CGST amount as shown below!
Step 5: Summarizing total tax by tax rates
If your invoice contains multiple line items with different tax rates, you can show the total tax amount summarised by different tax rates.
For example, here’s an invoice without a tax summary:
Here’s the same invoice with the tax summary:
As you see,
- Without the tax summary, the tax amount is shown as a total.
- With the tax summary enabled, the tax amount is broken down by different tax rates.
Learn more about how to summarize tax by tax rates from here.
That’s it! Do feel free to reach out to your account manager if you require a demo OR drop a message on chat support if you have any questions!
That’s it! Stay on top of your GST compliance with Refrens.
Also Read
Refrens also automatically generates GST reports for your business. Learn more here.