Bill GST Invoice Value As
YouTube: How to Configure GST Bill Invoice Value in GST Returns?
How to Configure GST Bill Invoice Value in GST Returns?
In this tutorial, we will learn how the Bill GST Invoice Value As feature works during GST Return generation in Logic ERP. This feature allows you to define a User-Defined (UD) Net Amount that will be reflected as the Invoice Value in GST returns by including or excluding specific bill amount components.
Objective of This Feature
Define a custom Invoice Value for GST returns.
Include or exclude specific bill amount components.
Generate GST returns based on business-specific invoice calculations.
Improve flexibility in GST reporting.
Ensure accurate invoice values in GST return forms.
Access to GST Returns Configuration
Go to the GST Returns module.
Click Configuration.
Locate the feature labeled as:
"Bill GST Invoice Value As"
This option allows you to define the User-Defined (UD) Net Amount by selecting the bill amount components to be included in the GST Invoice Value.
Observe the Default Behavior
Initially, no User-Defined Net Amount components are selected.
Select the required GST Return Type.
Enter the required date range.
Click Generate.
Result
The Invoice Value column displays the Net Amount of the invoice by default.
Verify the Invoice Amount
To review the invoice calculation:
Double-click the required GST Return record.
The corresponding Sale Bill opens.
Click View Totals.
Here, you can review all the amount components used in calculating the invoice value.
Example Calculation
Suppose the invoice contains:
Gross Value
CD Amount
Tax Amount
Freight Charges
Assume the objective is to calculate the GST Invoice Value excluding only Freight Charges.
For example:
Net Amount = ₹3,239.00
Freight Charges = ₹200.00
Therefore:
User-Defined Net Amount = ₹3,039.00
Configure the UD Net Amount
In the Bill GST Invoice Value As configuration:
Select Gross Value.
Select CD Amount.
Select Tax Amount.
Exclude Freight Charges.
This defines the User-Defined Net Amount calculation.
Enable the GST Invoice Value Setting
To apply the UD Net Amount during GST Return generation:
Enable the feature: "Pick Bill Invoice Value from UD Net Amount in GSTR Forms".
Save the configuration.
Generate the GST Return Again
Select the required GST Return Type.
Enter the same date range.
Click Generate.
Result
The Invoice Value column now displays the User-Defined Net Amount instead of the default Net Amount.
In this example:
Net Amount = ₹3,239.00
Freight Charges = ₹200.00
GST Invoice Value = ₹3,039.00
The system correctly excludes the Freight Charges and reflects the calculated UD Net Amount in the GST Return.
Key Benefits
Supports flexible GST invoice value calculation.
Allows inclusion or exclusion of specific amount components.
Improves GST reporting accuracy.
Meets business-specific reporting requirements.
Simplifies customized GST return generation.
Best Practice Tips
Carefully select the amount components included in the UD Net Amount calculation.
Verify the calculated Invoice Value using the View Totals option before generating GST returns.
Enable Pick Bill Invoice Value from UD Net Amount in GSTR Forms to ensure the configured calculation is applied.
Periodically review the configuration to align with current GST reporting requirements.
Final Outcome
The Bill GST Invoice Value As feature enables Logic ERP to calculate the GST Invoice Value using a User-Defined Net Amount. By selecting the required bill amount components and enabling the corresponding configuration, the system accurately reflects the customized Invoice Value in GST Returns, ensuring flexible and accurate GST reporting.
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