PU Taxable Value As
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How to Configure Purchase Taxable Value Using UD Net Amount for GSTR?
In this tutorial, we will learn how to configure the Purchase Taxable Value in GST Returns using the PU Taxable Value As option in Logic ERP. This feature allows you to define a user-defined taxable value by selecting specific purchase value components, ensuring that GST returns are generated according to your organization's taxation requirements.
Objective of This Feature
Define a custom Purchase Taxable Value for GST Returns.
Include or exclude specific purchase value components.
Ensure accurate GST reporting as per business requirements.
Improve flexibility in taxable value calculation.
Maintain consistency between purchase transactions and GST returns.
Access to GST Returns Configuration
Go to the GST Returns Module
Click on Configuration
Locate the option labeled as:
"PU Taxable Value As"
This option allows you to define a User-Defined Purchase Taxable Value by selecting the purchase amount components that should be included in the taxable value calculation.
Observe the Default Behavior
Before configuring a User-Defined Taxable Value, let's review the default GST Return calculation.
Select the required GST Return Type.
Enter the required Date Range.
Click Generate.
Result
The Taxable Value column displays the taxable amount calculated using the default purchase value components.
Verify the Purchase Voucher
Double-click the required record in the GST Return report.
The corresponding Purchase Voucher opens.
In this example:
Gross Amount: ₹58,000
Freight Charges: ₹200
Therefore: Taxable Value = Gross Amount + Freight
₹58,000 + ₹200 = ₹58,200
This calculated taxable value is reflected in the GST Return report.
Configure a User-Defined Taxable Value
Suppose you want the GST Return to calculate the taxable value using only the Gross Amount, while excluding Freight Charges.
Configuration
Under PU Taxable Value As:
Select only the Gross Amount component.
Exclude Freight Charges from the calculation.
In this case: User-Defined Purchase Taxable Value = ₹58,000
Enable User-Defined Taxable Value
After defining the Taxable Value components:
Go to Configuration Settings 2.
Locate and enable the option:
"Pick Taxable Value from UD Net Amount in Purchase"
Save the configuration.
Generate GST Return Again
Select the required GST Return Type.
Enter the same Date Range.
Click Generate.
Result
The Taxable Value column now displays ₹58,000, which is calculated using only the Gross Amount as defined in the user-defined taxable value configuration.
Freight Charges are successfully excluded from the taxable value calculation.
Key Benefits
Supports flexible taxable value calculation.
Allows inclusion or exclusion of specific purchase components.
Improves GST reporting accuracy.
Meets organization-specific taxation requirements.
Simplifies GST reconciliation and compliance.
Best Practice Tips
Review the taxable value components before generating GST Returns.
Enable Pick Taxable Value from UD Net Amount in Purchase only after defining the required User-Defined Taxable Value.
Verify GST Return values against Purchase Vouchers to ensure accurate reporting.
Configure taxable value components according to your company's GST policies.
Final Outcome
The PU Taxable Value As feature enables Logic ERP to calculate the Purchase Taxable Value using user-defined purchase components. By selecting the required value components and enabling Pick Taxable Value from UD Net Amount in Purchase, the GST Return reflects the customized taxable value, ensuring accurate, flexible, and compliant GST reporting.
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