Special Considerations - Taxes in India

When creating a Tax Code for India, select India in the Restrict to Country field and you will find 3 additional sections below the fields:

• Tax Percentages
• Input Tax GL Accounts
• Output Tax GL Accounts

Click on each section heading to expand the section.

Tax Percentages Section

You can specify the percentages for CGST, SGST and IGST. The total of the 3 tax percentages must equal to the percentage specified in the Tax % field in the General Options section of this page.

Input Tax GL Accounts Section

Use these fields to have the system post input tax to separate GL accounts for CGST, SGST, and IGST. If left blank, the system will use the default Input Tax GL Account specified in the General Options section or the default posting accounts here. 

Output Tax GL Accounts Section

Use these fields to have the system post output tax to separate GL accounts for CGST, SGST, and IGST. If left blank, the system will use the default Output Tax GL Account specified in the General Options section or the default posting accounts here.