Raise GST Compliant Invoices on ApnaComplex!
GST, Product News GSTAs GST rolls out in the country, all our customers can easily adopt and comply with the new tax norms with help of GST module on ApnaComplex.
ApnaComplex is ready with the ability to raise Maintenance and other invoices on society members in formats specified by GST Act.
ApnaComplex automatically
(a) Creates a Tax Invoice or a Bill of Supply based on the taxable / non-taxable line items
(b) Automatically applies CGST/SGST or IGST based on the location of the Recipient
(c) Creates separate invoice series for Tax Invoices and Bill of Supply
All these reduce significant efforts in terms of complying with law.
You can also record other financial transactions like non-member income and vendor bills to be able to easily generate necessary data for filing GST returns.
As we get progressive clarity on returns and other information related to GST – we will continue to enhance the portal to make it easier for any society to comply with GST.
As you login into the portal, you can see “Get Ready with GST” menu item which will guide you step-by-step on getting started with GST (see screenshot).
In case your society does not come under purview of GST, things are same as in the past.
There is lots of debate among housing societies if they under purview of GST or not. Its best for committees to reach out to Auditors and follow their advice.
What ever is your auditors advise –
(a) No need to register under GST
(b) Register under GST but only those paying more than 5,000 will be charged
(c) Register under GST and every one will be charged
(d) Register under GST by only some income heads come under GST
(e) And any other combinations – ApnaComplex supports them!