LS Central India is tailored to meet the unique tax structure of the country, specifically Goods and Services Tax (GST) and its related processes.
GST key features are:
- Supports multiple tax components such as CGST, SGST, IGST, and GST Cess. GST rates can be configured for different products and services based on GST tax slab.
- The system automatically calculates the appropriate GST rates based on the type of transaction, whether intra-state (CGST + SGST) or inter-state (IGST).
- GST can be applied along with other taxes, like TCS, in a single transaction.
- GST is applicable to both prices inclusive and exclusive of tax.
See also