India GST
GST invoicing and accounting for India
Pick India when you set up and Kanakku configures GST for you: the rupee, an April to March financial year, the GST slabs and the CGST, SGST and IGST split on every line.
What you get when you pick India
CurrencyIndian rupee (INR)
Financial yearApril to March
TaxGST
RatesGST slabs of 0.25%, 3%, 5%, 12%, 18% and 28%
Your chart of accounts, tax accounts and default tax rates are created for you at the same time, so you can start invoicing straight away.
How the tax is worked out
- Within a state, tax is split into CGST and SGST (UTGST for union territories).
- Between states, the whole tax is charged as IGST.
- Rates come from a GST rate library, and each line keeps its tax components, so your reports read them back exactly.
- GSTIN and PAN numbers are checked as you enter them.
Reports from your books
- GSTR-1 report
- GSTR-3B report
- Input tax credit (ITC) register
- GST compliance report
- Tax summary
Figures come from the tax accounts in your ledger, so they reconcile to your trial balance.
Good to know
- Your country, currency, tax regime and financial-year start are fixed once you record your first transaction, so choose them carefully during setup.
- Kanakku prepares the figures for your return. Check your filing obligations and rates with your accountant; this page is not tax advice.
Frequently asked questions
Does Kanakku split CGST, SGST and IGST automatically?
Yes. Intra-state sales are split into CGST and SGST (UTGST for union territories), and inter-state sales are charged as IGST, based on the places involved.
Which reports can I run for GST?
GSTR-1 and GSTR-3B reports, an input tax credit register, a GST compliance report and a tax summary, all read from your ledger.
Set up India GST in a minute
Start on the Free plan, choose India, and Kanakku configures the rest.