Migration Guide

Migration Guide

After upgrading to version 14, you'll probably use the India Compliance app to keep track of your GST compliances. This manual will assist you with any modifications to your GST and chart of accounts configuration that you might need to make.

Case 1: You use a single GST account for all input and output types, and your GST settings in version 13 resemble those in the example below.

It is necessary to set up distinct accounts for each type while using the India Compliance app, therefore if you're upgrading from version 13 to version 14, you can update your accounts as needed.

You can create new accounts for kinds "Input" and "Reverse Charge" while utilizing your current GST Accounts with type "Output". In this instance, your new GST Settings should appear as follows.

Now, a journal entry can be written to move the amount to the Input GST Account and the final balance will provide you the payable GST in case you still want to see the net GST Balance in a single account.

Case 2: Your GST Configuration are as follows, and you have various GST Accounts based on rates or possibly states.

If you are already utilizing different input and output accounts, merge the accounts for each kind and update the GST Accounts to reflect each type. Otherwise, all your GST Accounts will need to be combined into one account.

The "Output CGST 5%" and "Output CGST 9%" accounts, along with the "SGST" and "IGST" accounts, will all be combined into one account, "Output CGST."

Follow the steps outlined in Scenario 1 after combining all the accounts if you are utilizing numerous accounts for rates or any other purpose, but just one account for "Input" (Purchase) and "Output" (Sales).