GROSS|Quick and Simple Billing & Accounting Package|GST COMPLAINT|POS

How to Register GROSS

GROSS Registration

Step 1

Open GROSS from Menu
Select Help -> Activate Gross.
Click on ACTIVATE

Step 2

Fill the information correctly.
Note: (Enter deactivation code if you are reactivating)
After filling up the information.
Click NEXT.

Step 3

Select Registration Mode
Note: If you dont have a internet connection please select offline mode.
After appropriate selection, Click NEXT.

Step 4

Registration process will gather information about your computer and will complete the registration process.

Step 5

After completing the Registration Process you can view your Registration Status by going to the ABOUT menu.

1) What is GST?

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017. Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country.

2) What are the components of GST?

There are 3 taxes applicable under this system: CGST, SGST & IGST.

CGST : Collected by the Central Government on an intra-state sale (eg. Within Maharashtra)
SGST : Collected by the State Government on an intra-state sale (eg. Within Maharashtra)
IGST : Collected by the Central Government for inter-state sale (eg. Maharashtra to Tamil Nadu)

Transaction	New Regime	Old Regime	Effect
Sale within the State	CGST + SGST	VAT + Central Excise/Service tax	Revenue will be shared equally between the Centre and the State
Sale to another State	IGST	Central Sales Tax + Excise/Service Tax	There will only be one type of tax (central) in case of inter-state sales. The Center will then share the IGST revenue based on the destination of goods.

3) What is HSN Code?

The Harmonized Commodity Description and Coding System generally refers to “Harmonized System of Nomenclature" or simply “HSN". It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). It first came into effect in 1988. The purpose of HSN codes is to make GST systematic and globally accepted. HSN codes will remove the need to upload the detailed description of the goods. This will save time and make filing easier since GST returns are automated.

GST - Offences & Penalties

Offences

There are 21 offenses under GST. We have mentioned a few here. For the entire list of 21 offenses please go to our main article on offenses.
The major offenses under GST are:

Not registering under GST, even though required by law. (Read our article for the list of those who have to register mandatorily under GST)
Supply of any goods/services without any invoice or issuing a false invoice
The issue of invoices by a taxable person using the GSTIN of another bona fide taxpayer
Submission of false information while registering under GST
Submission of fake financial records/documents or files, or fake returns to evade tax
Obtaining refunds by fraud
Deliberate suppression of sales to evade tax
Opting for composition scheme even though a taxpayer is ineligible

Penalty

If any of the offenses are committed then a penalty will have to be paid under GST. The principles on which these penalties are based are also mentioned by law.