You do not need to be a tax expert to use Yojika. It works out the GST for you. This page explains the few terms you will see, in plain words.
CGST + SGST, or IGST
GST on a bill is split based on where your customer is:
- Within your own state — the tax is shown as two halves, CGST and SGST. For example, 18% GST appears as 9% CGST and 9% SGST.
- To another state — the same tax is shown as a single IGST. So 18% GST appears as 18% IGST.
The total tax is the same either way. Yojika decides which to use from the customer’s state, so you just pick the customer and the rate.
Tax-inclusive prices
By default, Yojika treats your prices as GST-inclusive — the price already has the tax in it. When you record such an amount, Yojika works backwards to find the taxable value and the GST inside it. You can switch an item or a line to tax-exclusive if you prefer to add tax on top. You will see the same inclusive idea when you claim input tax credit on an expense.
HSN codes
An HSN code is the standard code that describes what you sell. GST returns group your sales by HSN code, which is why Yojika has an HSN summary report. Add the HSN code to an item once, and it flows into your bills and reports.
Related
- GST reports — where these figures come together for filing.