QuickBooks for GST

QuickBooks is GST ready. The GST specific features are automatically enabled for you at no
additional cost.

Here are the key things that you will be able to do with QuickBooks GST solution:

1. Continue to create transactions (invoices, expenses) with the new GST tax rates

without any disruption. You won’t lose the ability to create backdated transactions
(prior to July 1, 2017) using prevailing rates, i.e. Service Tax, VAT.
2. Capture GST specific information as mentioned below to make your invoices GST
compliant.
o Your GST Identification Number (GSTIN): In case you don’t
have GSTIN click here to learn more about the registration process.
Note: Not having GSTIN won’t stop you from creating invoices using GST
tax rates in QuickBooks.
o New code for the products(HSN) and/or services (SAC) you sell: Learn
more to understand about these new codes.
o GSTIN of your customers (if applicable): You can add GSTIN of your
suppliers to facilitate the generation of accurate GST returns (GSTR).
3. Customise invoice template to display the GST specific information mentioned above.
4. View how much GST tax you owe per filing period (i.e. per month).
5. Generate GST Return (GSTR) reports or let your accountants generate it to complete
filing.
For more information on how to setup QuickBooks for GST, read Setting up QuickBooks for
GST
Have more questions about QuickBooks and GST?  Read our GST FAQs: How GST impacts
QuickBooks India

Setting up QuickBooks for GST

SOLVED•by QuickBooks•QuickBooks Online - India•3•Updated 4 weeks ago

Follow these steps to setup your QuickBooks for GST. You may also want to read our GST FAQs.
1. Get GST registered
2. Add your GSTIN
3. Add your HSN, SAC codes
4. Record GSTIN of customers, suppliers
5. Create GST invoices
6. Run GST reports
 

Step 1: Get GST registered

Get registered for GST. In case you don’t have GSTIN, learn more about the GST registration
process. If you have already registered for GST, keep your GSTIN handy.

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Step 2: Add your GSTIN details

GST for QuickBooks companies that have set up tax agencies
1. Existing companies that have set up tax agency will see the “GST ready” widget on the
dashboard page.
2. Enter your GSTIN (Not having GSTIN won’t stop you from creating invoices using GST tax
rates in QuickBooks) and click Save.
GST for QuickBooks companies without taxes setup

Companies (existing and new) which have not enabled tax will see a Setup GST widget on the
dashboard page
1. Click Setup GST
2. The Edit GST settings popup will appear
3. Enter Start of the tax period, which would be July 1st, 2017
4. Enter your GSTIN
5. Choose your Filing frequency and Accounting method
6. Click Save
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Step 3: Add your HSN, SAC codes

Important:
 To make your invoices GST compliant, you will need to add the
relevant HSN/SAC codes. Learn more about the new HSN and SAC codes.
 Know the codes for your products (HSN) and/or services (SAC) you offer. You
can download the HSN codes and check your HSN code for your business on the Central
Board of Excise and Customs website.
How to add HSN/SAC codes in QuickBooks for new products
1. Select Add HSN/SAC for items
2. If no products or services are added, select Add a product or service
3. Select product type – Inventory/Service/Non-inventory/Bundle
4. Along with other details, add HSN/SAC code
 How to add HSN/SAC codes in QuickBooks for existing products
1. Click on Edit in existing product or service
2. Add HSN/SAC code
Read more:
How to add HSN and SAC codes to your products and services

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Step 4: Record GSTIN of customers, suppliers

1. You will need to add your customers’ and suppliers’ GSTIN to facilitate the generation of
accurate GST Reports (GSTR)
2. Add GSTIN of your customers and suppliers (if applicable) to QuickBooks for GST-
compliance.
Read more:
How to add GSTIN for suppliers

How to add GSTIN for customers

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Step 5: Create GST invoices

1. Learn more on how your invoice changes to be GST ready.
What is a GST-ready invoice
2. Customise your invoice template to display GST specific information, or enable GST
information on your invoice.
Customise invoice for GST
3. Customise your invoice to start new invoice number series from 1st of July.
Change the number on invoices or other transactions
4. Check out the video on invoicing for GST.
Invoicing - QuickBooks for GST - YouTube
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Step 6: Run GST reports

1. Generate GST Reports (GSTR) or let your accountants generate it to complete filing.
2. Create transactions (invoices, expenses) with the new GST tax rates. Here's a quick guide on
how to enter and pay bills on QuickBooks.
3. You will will also be able to create backdated transactions (prior to July 1, 2017) using
prevailing rates, i.e., Service Tax, VAT.