How to create GST input service invoice in SwilERP Pharmacy

Create GST Input Service Invoice

How to create GST input service invoice in SwilERP 

What is GST Input?

'Input Tax Credit' or 'ITC' means the Goods and Services Tax (GST) paid by a taxable person on any purchase of goods and services used or used for business. ITC value can be reduced from the GST payable on the sales by the taxable person only after fulfilling some conditions. 

In SwilERP, if the user wants to create an input purchase service invoice, they can create it from the transactions section. For the same, if you purchased any goods or services and paid taxes, you could claim the input amount by GST, and for that, you have to create a GST Input invoice. To make a service invoice, users have to create a billing head in SwilERP. 

Have a look at the below-given process to create a service invoice or claim input by GST

Start with Login in SwilERP Dashboard to initiate the process

  1. Go to the Accounts> Transactions> GST Input (Purchase).
SwilERP Dashboard Window
Here the process to create service invoice

First, to create the service invoice, users must create a billing head for the same. Here is the process you need to follow for creating a billing head. 

Creating a new billing head

  1. Go to Master Data> Billing Head. 
  2. Click on the New option to create a new billing head.
  3. Enter the Billing Head name as office expense. 
  4. Enter the Account Name. (For example- You purchased AC for office uses) 
  5. Add/ Less: Select Add or Less which is required in transactions.
  6. Tax Calculation Method: Select the calculation method for tax.
  7. Tax Code: Select the tax code for which tax is applicable.
  8. Rate: Enter default rate if any otherwise zero.
  9. Rate In: Select “Rs., % on Net Value or % on Item Value” for a given rate.
  10. HSN: Select HSN Code accordingly posting account nature.
  11. Type: Select “Product, Services or Capital Goods” as billing head type/Category.
  12. RoundOff: Select if required round off billing head amount.
  13. Show Details In Report: Select if required details in reports.
  14. Ineligible As Per Sec 17/5: Select if required in GST Reports under the mention section. 
  15. Save the window with the above-given button. 
Note: To know how to create account group name, go through the reference link: Create Account Name
Billing Head Window

How to create service invoice?

  1. First, enter the Name of the vendor. 
  2. Enter the Reference Number in the column.  
  3. Select the Billing Head that you created. 
  4. Enter the Amount of your product. 
  5. And all further details will be automatically filled. 
  6. Save the page with the above-given button. 
Service Invoice Window

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