Taxable Value As
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How to Configure Sale Taxable Value Using UD Net Amount for GSTR?
In this tutorial, we will learn how to configure the Sale Taxable Value in GST Returns using the Taxable Value As option in Logic ERP. This feature allows you to define a user-defined taxable value by selecting specific sales components, ensuring that GST returns are generated according to your organization's taxation requirements.
Objective of This Feature
Define a user-specific taxable value for GST returns.
Include or exclude specific invoice components from taxable value calculations.
Generate GST returns based on customized taxable value logic.
Improve GST reporting accuracy.
Support business-specific taxation requirements.
Access to GST Returns Configuration
Go to the GST Returns Module.
Click on Configuration.
Locate the option labeled as:
"Taxable Value As"
This option allows you to define a User-Defined (UD) Sale Taxable Value by selecting the invoice components that should be considered while calculating the taxable value for GST Returns.
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 desired Date Range.
Click Generate.
Result
The Taxable Value column displays the system-calculated taxable amount.
To verify the calculation: Double-click any record to open the corresponding Sales Bill.
Suppose the Sales Invoice contains:
Gross Amount: ₹10,000
Freight Charges: ₹300
The system calculates:
Taxable Value = Gross Amount + Freight Charges
₹10,000 + ₹300 = ₹10,300
This value is reflected in the GST Return.
Configure User-Defined Taxable Value
Now, let's configure the taxable value to include only the Gross Amount while excluding Freight Charges.
Under Taxable Value As:
Select only the Gross Amount component.
Do not select Freight Charges.
As a result, the user-defined taxable value becomes: ₹10,000
After defining the taxable value components:
Open Configuration Settings 2.
Locate and enable the option labeled as:
"Pick Taxable Value from UD Net Amount in Sale"
Save the configuration.
Generate GST Return Again
Select the required GST Return Type.
Enter the desired Date Range.
Click Generate.
Result
The Taxable Value column now displays: ₹10,000
The system successfully calculates the taxable value using only the selected Gross Amount component, while excluding Freight Charges from the GST Return.
Key Benefits
Customizes taxable value calculation according to business requirements.
Allows inclusion or exclusion of invoice components such as freight or additional charges.
Improves GST reporting flexibility.
Ensures compliance with organization-specific taxation policies.
Generates more accurate GST Return data.
Best Practice Tips
Carefully review the components selected under Taxable Value As before generating GST Returns.
Enable Pick Taxable Value from UD Net Amount in Sale only after defining the required taxable value components.
Verify the taxable value by reviewing sample invoices before filing GST Returns.
Ensure the selected taxable value calculation aligns with applicable GST regulations and your organization's accounting policies.
Final Outcome
The Taxable Value As feature allows you to define a customized taxable value for GST Returns by selecting specific invoice components. When combined with the Pick Taxable Value from UD Net Amount in Sale option, Logic ERP generates GST Returns using the user-defined taxable value, ensuring accurate, flexible, and business-specific GST reporting.
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