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Get ready for that seamless transition to GST
A complete, proven ERP Software with GST readiness
BatchMaster ERP with GST
ABOUT US
A complete, proven ERP Software with GST readiness
• A leading vendor of ERP solutions for emerging
and growing formula based manufacturers for
over 30 years
• BatchMaster ERP with GST capabilities rolled
out
• Over 2000 customers world wide
• Employs 400+ development, consulting and
marketing staff dedicated to addressing the
needs of paint and coatings manufacturers
GST- A SNEAK PEEK
A complete, proven ERP Software with GST readiness
• 'One India, One Tax' will be the new identity
• An end-to-end solution for Financial
complexations
• It is estimated to boost GDP by 1.5 to 2%
• Will contribute significantly to 'Ease of doing
Business‘
• Will bring-in tax compliance and transparency
A complete, proven ERP Software with GST readiness
WHAT IS GST?
• GST is one tax that is levied on manufacturing,
selling and consumption of goods and services
• Distributed among the Central Government
and the State Governments
• For goods, it will be levied destination based
• For services, it will be levied consumption
based
• It is a destination-based Tax
CURRENT TAXATION SYSTEM
A complete, proven ERP Software with GST readiness
• At present the taxes levied by center and state
are different
• The center levies custom duties, excise duty,
central sales tax and service tax
• Whereas the state levies VAT, luxury tax,
electricity duty, entertainment tax, entry tax
and octroi.
GST MODEL
A complete, proven ERP Software with GST readiness
• GST structure has two components
• One levied by the Centre- Central GST (CGST),
• And other levied by the State- State GST (SGST)
• Both components would be applicable on all
taxable transactions of goods and services
TAXES TO BE SUBSUMED
A complete, proven ERP Software with GST readiness
• CGST Will Subsume: Central Excise Duty, Additional
Excise Duties, the Excise Duty levied under the
Medicinal and Toiletries Preparation Act, Service Tax,
Customs Duty known as Countervailing Duty (CVD),
Special Additional Duty of Customs, Surcharges and
Cesses
• SGST Will Subsume: VAT, Central Sales Tax (CST),
Entertainment tax (unless it is levied by the local
bodies), Luxury tax, State Cesses and Surcharges, Entry
tax not in lieu of Octroi, Purchase Tax
GST RETURNS IN A NUTSHELL
A complete, proven ERP Software with GST readiness
Return
Form
What to file? By Whom? By When?
GSTR-1 Details of outward supplies of
taxable goods and/or services
effected
Registered Taxable
Supplier
10th of the next
month
GSTR-2 Details of inward supplies of
taxable goods and/or services
effected claiming input tax
credit.
Registered Taxable
Recipient
15th of the next
month
GSTR-3 Monthly return on the basis of
finalization of details of
outward supplies and inward
supplies along with the payment
of amount of tax.
Registered Taxable Person 20th of the next
month
GSTR-4 Quarterly return for
compounding taxable person.
Composition Supplier 18th of the month
succeeding quarter
GSTR-5 Return for Non-Resident foreign
taxable person
Non-Resident Taxable
Person
20th of the next
month
GST RETURNS IN A NUTSHELL
A complete, proven ERP Software with GST readiness
GSTR-6 Return for Input Service
Distributor
Input Service Distributor 13th of the next
month
GSTR-7 Return for authorities deducting
tax at source.
Tax Deductor 10th of the next
month
GSTR-8 Details of supplies effected
through e-commerce operator
and the amount of tax collected
E-commerce Operator/Tax
Collector
10th of the next
month
GSTR-9 Annual Return Registered Taxable Person 31st December of
next financial year
GSTR-
10
Final Return Taxable person whose
registration has been
surrendered or cancelled.
Within three months
of the date of
cancellation or date
of cancellation order,
whichever is later.
GSTR-
11
Details of inward supplies to be
furnished by a person having
UIN
Person having UIN and
claiming refund
28th of the month
following the month
for which statement
is filed
Excise counterparts in the GST regime
A complete, proven ERP Software with GST readiness
Sr. # Excise GST
1. ECC, Division, Range, Commissionerate, CST
No. etc maintained
GSTN maintained for each branch
2. VAT Type Taxes Defined – VAT/Cess/Ecess Flat Type Taxes Defined –
CGST/SGST/IGST/Cess/Cess2
3. Accounts defined for VAT/Cess/Ecess Accounts defined for
CGST/SGST/IGST/Cess/Cess2
4. Credit Entry for Purchase goes to
VAT/Cess/Ecess
Credit Entry for Purchase goes to
CGST/SGST/IGST/Cess/Cess2
5. Credit not taken for job work out till
material comes back in
Credit taken for job work out but if the
material does not come back within 6
months, credit is reversed with penalty
6. Debit Entry for Invoice goes to
VAT/Cess/Ecess
Debit Entry for Invoice goes to
CGST/SGST/IGST/Cess/Cess2
7. Purchase Voucher & Shipment Return were
treated separately
Purchase Voucher & Shipment Return are
treated in the same way.
8. No option for Advance Payment Advance Payment option on Debit Entry
screen
Excise counterparts in the GST regime
A complete, proven ERP Software with GST readiness
9. No option for Reverse Charge Reverse Charge is applicable
10. Transfer of credit from one branch to
another not available
Ability to transfer credit available from one
branch to another
11. Excise Registers / Returns / Reports were
required
Only GST Returns are required
12. Challan & Returns had to be filed Returns filed online
13. Challan Master for payments Payment Master to make entries of
payments
14. Service Tax applicable on Services Service Tax merged in GST so no separate
screen needed
15. Import of raw materials entered through
Import Raw Material screen
Import as per new GST norms, GST taxes will
be entered through Manual Credit Entry
screen
16. Capital Goods – partial credit allowed Can take complete credit of Capital Goods
immediately
17. State Master not required State Master records need to be maintained
Key Features of BatchMaster GST (BME-GST)
A complete, proven ERP Software with GST readiness
• Easy generation of Invoice as per GST Guidelines
and Invoice Format
• Facilitates filing of all types of dealer returns
• Automatically debits Duty payments and provides
warnings in case of insufficient credit balance
• Offers platform for Payment of Taxes as per liable
GST rates
• Reconciliation with GST Portal and other official
GST Links. Hence a mismatch in the credit is easily
traceable.
Key Features of BatchMaster GST (BME-GST)
A complete, proven ERP Software with GST readiness
• Handles GST & ITC (Input Tax Credit) on capital
goods and imports
• Furnishes detailed information on duties paid
simply at the click of a button
• Hassle free and spontaneous preparation of
monthly/quarterly/yearly returns of GSTR1, GSTR2,
GSTR3, GSTR4, & GSTR9
• Supports multiple Branches of an organization.
• Defining Vendor/Customer/Company’s GST No.
branch wise
Key Features of BatchMaster GST (BME-GST)
A complete, proven ERP Software with GST readiness
• Effective & consistent data back-up prior to upgrade,
along with support in data migration from excise to
GST
• Proper calculation of Taxes in Invoice/voucher as per
GST Norms
• Separation of invoices/vouchers, according to their
type of business
Key Features of BatchMaster GST (BME-GST)
A complete, proven ERP Software with GST readiness
• Handling of Advance payments and their taxes
• Convenient & intuitive user interface.
• Adjustment of Payable with IGST and CGST/SGST
combination – IGST Credit can be used in IGST and
CGST/SGST both
• Handling of Job In/Job Out as per GST Norms
KEY DOCUMENTS GENERATED BY BATCHMASTER
GST
A complete, proven ERP Software with GST readiness
Out of 11, BatchMaster generates four returns as per GST laid
down procedures in the statute which are relevant to the
manufacturing industries.
• ITC Match/Mismatch Report generation
• Generates GSTR1: Outward supplies made by the tax payer
• Generates GSTR2: Inward supplies made by the tax payer
• Generates GSTR3: Monthly return
• Generates GSTR9: Yearly return
• Prints export invoices in desirable formats.
THANK YOU!
So gear-up for GST with BatchMaster today!
Visit, www.batchmaster.co.in for more info
A complete, proven ERP Software for Food & Beverages Manufacturers
A complete, proven ERP Software with GST readiness

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BatchMaster ERP with GST

  • 1. Get ready for that seamless transition to GST A complete, proven ERP Software with GST readiness BatchMaster ERP with GST
  • 2. ABOUT US A complete, proven ERP Software with GST readiness • A leading vendor of ERP solutions for emerging and growing formula based manufacturers for over 30 years • BatchMaster ERP with GST capabilities rolled out • Over 2000 customers world wide • Employs 400+ development, consulting and marketing staff dedicated to addressing the needs of paint and coatings manufacturers
  • 3. GST- A SNEAK PEEK A complete, proven ERP Software with GST readiness • 'One India, One Tax' will be the new identity • An end-to-end solution for Financial complexations • It is estimated to boost GDP by 1.5 to 2% • Will contribute significantly to 'Ease of doing Business‘ • Will bring-in tax compliance and transparency
  • 4. A complete, proven ERP Software with GST readiness WHAT IS GST? • GST is one tax that is levied on manufacturing, selling and consumption of goods and services • Distributed among the Central Government and the State Governments • For goods, it will be levied destination based • For services, it will be levied consumption based • It is a destination-based Tax
  • 5. CURRENT TAXATION SYSTEM A complete, proven ERP Software with GST readiness • At present the taxes levied by center and state are different • The center levies custom duties, excise duty, central sales tax and service tax • Whereas the state levies VAT, luxury tax, electricity duty, entertainment tax, entry tax and octroi.
  • 6. GST MODEL A complete, proven ERP Software with GST readiness • GST structure has two components • One levied by the Centre- Central GST (CGST), • And other levied by the State- State GST (SGST) • Both components would be applicable on all taxable transactions of goods and services
  • 7. TAXES TO BE SUBSUMED A complete, proven ERP Software with GST readiness • CGST Will Subsume: Central Excise Duty, Additional Excise Duties, the Excise Duty levied under the Medicinal and Toiletries Preparation Act, Service Tax, Customs Duty known as Countervailing Duty (CVD), Special Additional Duty of Customs, Surcharges and Cesses • SGST Will Subsume: VAT, Central Sales Tax (CST), Entertainment tax (unless it is levied by the local bodies), Luxury tax, State Cesses and Surcharges, Entry tax not in lieu of Octroi, Purchase Tax
  • 8. GST RETURNS IN A NUTSHELL A complete, proven ERP Software with GST readiness Return Form What to file? By Whom? By When? GSTR-1 Details of outward supplies of taxable goods and/or services effected Registered Taxable Supplier 10th of the next month GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Registered Taxable Recipient 15th of the next month GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. Registered Taxable Person 20th of the next month GSTR-4 Quarterly return for compounding taxable person. Composition Supplier 18th of the month succeeding quarter GSTR-5 Return for Non-Resident foreign taxable person Non-Resident Taxable Person 20th of the next month
  • 9. GST RETURNS IN A NUTSHELL A complete, proven ERP Software with GST readiness GSTR-6 Return for Input Service Distributor Input Service Distributor 13th of the next month GSTR-7 Return for authorities deducting tax at source. Tax Deductor 10th of the next month GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected E-commerce Operator/Tax Collector 10th of the next month GSTR-9 Annual Return Registered Taxable Person 31st December of next financial year GSTR- 10 Final Return Taxable person whose registration has been surrendered or cancelled. Within three months of the date of cancellation or date of cancellation order, whichever is later. GSTR- 11 Details of inward supplies to be furnished by a person having UIN Person having UIN and claiming refund 28th of the month following the month for which statement is filed
  • 10. Excise counterparts in the GST regime A complete, proven ERP Software with GST readiness Sr. # Excise GST 1. ECC, Division, Range, Commissionerate, CST No. etc maintained GSTN maintained for each branch 2. VAT Type Taxes Defined – VAT/Cess/Ecess Flat Type Taxes Defined – CGST/SGST/IGST/Cess/Cess2 3. Accounts defined for VAT/Cess/Ecess Accounts defined for CGST/SGST/IGST/Cess/Cess2 4. Credit Entry for Purchase goes to VAT/Cess/Ecess Credit Entry for Purchase goes to CGST/SGST/IGST/Cess/Cess2 5. Credit not taken for job work out till material comes back in Credit taken for job work out but if the material does not come back within 6 months, credit is reversed with penalty 6. Debit Entry for Invoice goes to VAT/Cess/Ecess Debit Entry for Invoice goes to CGST/SGST/IGST/Cess/Cess2 7. Purchase Voucher & Shipment Return were treated separately Purchase Voucher & Shipment Return are treated in the same way. 8. No option for Advance Payment Advance Payment option on Debit Entry screen
  • 11. Excise counterparts in the GST regime A complete, proven ERP Software with GST readiness 9. No option for Reverse Charge Reverse Charge is applicable 10. Transfer of credit from one branch to another not available Ability to transfer credit available from one branch to another 11. Excise Registers / Returns / Reports were required Only GST Returns are required 12. Challan & Returns had to be filed Returns filed online 13. Challan Master for payments Payment Master to make entries of payments 14. Service Tax applicable on Services Service Tax merged in GST so no separate screen needed 15. Import of raw materials entered through Import Raw Material screen Import as per new GST norms, GST taxes will be entered through Manual Credit Entry screen 16. Capital Goods – partial credit allowed Can take complete credit of Capital Goods immediately 17. State Master not required State Master records need to be maintained
  • 12. Key Features of BatchMaster GST (BME-GST) A complete, proven ERP Software with GST readiness • Easy generation of Invoice as per GST Guidelines and Invoice Format • Facilitates filing of all types of dealer returns • Automatically debits Duty payments and provides warnings in case of insufficient credit balance • Offers platform for Payment of Taxes as per liable GST rates • Reconciliation with GST Portal and other official GST Links. Hence a mismatch in the credit is easily traceable.
  • 13. Key Features of BatchMaster GST (BME-GST) A complete, proven ERP Software with GST readiness • Handles GST & ITC (Input Tax Credit) on capital goods and imports • Furnishes detailed information on duties paid simply at the click of a button • Hassle free and spontaneous preparation of monthly/quarterly/yearly returns of GSTR1, GSTR2, GSTR3, GSTR4, & GSTR9 • Supports multiple Branches of an organization. • Defining Vendor/Customer/Company’s GST No. branch wise
  • 14. Key Features of BatchMaster GST (BME-GST) A complete, proven ERP Software with GST readiness • Effective & consistent data back-up prior to upgrade, along with support in data migration from excise to GST • Proper calculation of Taxes in Invoice/voucher as per GST Norms • Separation of invoices/vouchers, according to their type of business
  • 15. Key Features of BatchMaster GST (BME-GST) A complete, proven ERP Software with GST readiness • Handling of Advance payments and their taxes • Convenient & intuitive user interface. • Adjustment of Payable with IGST and CGST/SGST combination – IGST Credit can be used in IGST and CGST/SGST both • Handling of Job In/Job Out as per GST Norms
  • 16. KEY DOCUMENTS GENERATED BY BATCHMASTER GST A complete, proven ERP Software with GST readiness Out of 11, BatchMaster generates four returns as per GST laid down procedures in the statute which are relevant to the manufacturing industries. • ITC Match/Mismatch Report generation • Generates GSTR1: Outward supplies made by the tax payer • Generates GSTR2: Inward supplies made by the tax payer • Generates GSTR3: Monthly return • Generates GSTR9: Yearly return • Prints export invoices in desirable formats.
  • 17. THANK YOU! So gear-up for GST with BatchMaster today! Visit, www.batchmaster.co.in for more info A complete, proven ERP Software for Food & Beverages Manufacturers A complete, proven ERP Software with GST readiness