The HSN master is a dedicated master table, wherein users can capture the HSN-wise GST rates that allow the system to auto-configure the tax rates in the masters.
How to Create HSN Master
STEP 1: Go to Masters ⇒ Inventory ⇒ HSN Master ⇒ Create
STEP 2: Fill in the following information once you have clicked on the “CREATE” option.
1. HSN code– Enter the appropriate HSN code, this field is mandatory.
2. Integrated rate– Enter the integrated tax rate against the HSN for your company.
3. Applicable date– Enter the applicable date from which the HSN rate shall be applicable.
STEP 3: Click on the “SAVE” button and your HSN rate will be created successfully.
How to Edit HSN Rate
STEP 1: Go to Masters ⇒ Inventory ⇒ HSN Master ⇒ Edit
STEP 2: Enter the code of HSN rate that you are looking for under the HSN code that you want to edit or type “ALL” and all of the HSN codes that you created will be displayed along with the details you had entered while creating the code.
STEP 3: At the right end of each HSN rate that you created a “PENCIL” icon is present, click on it to make the relevant changes to a particular HSN rate.
The HSN Rate Edit screen will appear, make the necessary changes. Click on “SAVE“.
The changes that you made will be saved successfully.
This HSN rate list option doesn’t have a separate delete option so if you want to delete a particular HSN rate list you will find a “x” icon at the right end of each HSN code click on it to delete a particular HSN rate.