{"id":8198,"date":"2017-07-01T08:15:08","date_gmt":"2017-07-01T02:45:08","guid":{"rendered":"http:\/\/apartmentadda.com\/blog\/?p=7552"},"modified":"2023-11-02T03:50:29","modified_gmt":"2023-11-02T03:50:29","slug":"with-adda-get-ready-to-face-gst-on-apartments","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2017\/07\/with-adda-get-ready-to-face-gst-on-apartments\/","title":{"rendered":"GST is\u00a0LIVE\u00a0on your ADDA!"},"content":{"rendered":"<p class=\"p1\">As India prepares for this revolutionary change in tax system, your ADDA is now ready with relevant changes with regards to GST on apartments.<\/p>\n<p class=\"p1\"><span class=\"s1\">All the service tax settings where ever applicable have been moved to GST effective from today, July 1st, 2017. All tax calculations will be done as per GST, automatically by the system!<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">There are a few setting changes that you need to do on ADDA. They are as below:<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>1.Income Tracker Changes for GST on Apartments :<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Please enter your Society\/Association\/ RWA&#8217;s GSTIN registration number as shown below, post which, the GSTIN number will reflect on all the invoices posted on or after 1st July 2017 as invoice date.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Please refer the below path to update the GSTIN Registration number.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Go to\u00a0<b>Income Tracker&#8211;&gt;&gt;Setup&#8211;&gt;&gt;Customize Bills&#8211;&gt;&gt;update the GSTIN registration number<\/b>\u00a0under header.<i>(please refer the below screenshot)<\/i><\/span><\/p>\n<p class=\"p1\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7554\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2017\/07\/1498824451-Income_tracker-1024x492.jpg\" alt=\"income tracker setting for GST\" width=\"600\" height=\"288\" \/><b><\/b><\/p>\n<p class=\"p1\"><b>2. Expense Tracker:<\/b><\/p>\n<p>Do the Expense Tracker Changes for GST on apartments as below:<\/p>\n<p class=\"p1\"><span class=\"s2\">You can update\/add \u00a0all Vendors GSTIN number from Expense tracker in vendor master or by adding new vendor.<\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">Please refer the below path to update the GSTIN Registration number.<\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">Go to\u00a0<b>Expense\u00a0Tracker&#8211;&gt;&gt;By Vendor&#8211;&gt;&gt;Sub ledgers&#8211;&gt;&gt;for updating (existing vendor) Click on name of vendor&#8211;&gt;&gt;enter GSTIN Number and defined rate for him.\u00a0<\/b><i>(please refer the below screenshot)<\/i><\/span><\/p>\n<p class=\"p1\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7553\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2017\/07\/1498824452-Vendor_master-1024x924.jpg\" alt=\"Vendor master setting for GST\" width=\"600\" height=\"541\" \/><\/p>\n<p class=\"p1\"><span class=\"s1\">Please note that the guidelines towards applicability of GST towards housing societies are being interpreted differently by many auditors, CAs. Therefore, for any doubts or queries on GST, we would recommend you to consult your auditor.<\/span><\/p>\n<p><a href=\"https:\/\/adda.io\/contact\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-10945 aligncenter\" src=\"http:\/\/adda.io\/blog\/wp-content\/uploads\/2019\/07\/START-NOW-1-1-300x48.png\" alt=\"ADDA - Schedule Free Demo\" width=\"300\" height=\"48\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2019\/07\/START-NOW-1-1-300x48.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2019\/07\/START-NOW-1-1-150x24.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2019\/07\/START-NOW-1-1-768x123.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2019\/07\/START-NOW-1-1.png 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/adda.io\/blog\/2017\/05\/26\/gst-impact-on-housing-societies\/\">Click here to refer to our blog posts on GST.<\/a>\u00a0<\/span><\/p>\n<p class=\"p1\">\n","protected":false},"excerpt":{"rendered":"<p>As India prepares for this revolutionary change in tax system, your ADDA is now ready with relevant changes with regards to GST on apartments. All the service tax settings where&hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1,2024,2019,3],"tags":[1178,454,1156,1158,1180],"class_list":["post-8198","post","type-post","status-publish","format-standard","hentry","category-secure-communities","category-adda-community-accounting","category-adda-india-housing-society-apartment-management","category-product-updates","tag-goods-and-service-tax","tag-gst","tag-gst-apartment-complex","tag-gst-housing-society","tag-gst-india"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/8198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=8198"}],"version-history":[{"count":1,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/8198\/revisions"}],"predecessor-version":[{"id":11120,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/8198\/revisions\/11120"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=8198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=8198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=8198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}