GST 2.0 Dashboard: Local Settings Overview

Launch the GST software from the Clear Compliance Cloud launchpad.

Once you're on the dashboard of the GST software, scroll down and click on the Settings.

In the Settings menu, you'll find two options: Global Setting and Local Setting. Global Setting includes features available across all software, which we've covered in previous tutorials. This guide will focus on the Local Setting.

Click on Local Setting to view features specific to the GST software.

One of the key features under Local Setting is the Contact Master. This tool allows you to maintain records of your customers or vendors. Whether these are your own business contacts or your clients’ details for record-keeping, Contact Master simplifies the management of such information.

Review the list of vendors already saved in the Contact Master. Here, you'll see details such as:

These details help in managing communications and transactions with your contacts efficiently. If you need to add a new vendor or customer, the Contact Master provides an easy interface to enter all the necessary details.

Click on Add Vendor to start adding a new vendor.

Fill in the mandatory fields provided in Starmark, such as POC Name, Email ID, Phone Number, GSTN, and details regarding how you are sending the email, including options to CC or BCC.

You may also choose to fill in optional fields like Business Name, Address 1, Address 2, and Pin Code. Update these fields as necessary.

Click on Continue to add the new vendor.

If you need to upload multiple vendors' details in bulk, download the provided Excel template.

Open the downloaded template to view the fields available. This template lets you define whether the details are for a vendor or a customer, and includes fields for contact person, email ID, phone number, GSTN number, business name, email options, and addresses.

Refer to the explanation sheet within the template to understand which fields are mandatory and which are optional.

Prepare your data for bulk upload.

Click on Select a file to import, choose your prepared Excel sheet, and the data will be imported successfully.

Begin by selecting the first option shown here.

Remember, Custom fields are not always required.

If you need to add additional headers beyond what our generic templates offer, Custom fields is the option to use.

We provide two different templates in the template section for importing your data. If you have your own Excel template or need to add custom fields, utilize this option to define your additional fields.

Here, specify all the custom fields' labels and default values if desired.

For any specific GSTN or type of data, such as sales or purchases, Custom fields allow you to include or define additional headers or fields.

Begin by understanding the available templates for both sales and purchase processes. We provide two different templates for each category.

Select the 'Sales' option to explore the sales templates.

Choose the specific template you need. For sales, you can select either the Government template or the Clear text template.

Similarly, select the 'Purchase' option to view the purchase templates.

For purchases, again, choose between the Government template and the Clear text template.

Click on Create template to start working with your chosen template.

These templates are designed to cover all types of documents required under GST, including invoices, credit notes, debit notes, and advances. Choose the template that best suits your needs.

To import your data, click on Select a file to import. Choose the relevant Excel sheet containing your data.

After selecting your file, the system will import your data. If there are any errors in your data, you'll need to address these before proceeding.

Once your documents are successfully imported, navigate to the Data Overview section to review and manage your data.

Select your relevant GSTN from the options displayed.

Choose the month for which you want to view the documents.

Select either Sales or Purchase to view the existing documents that you have ingested.

Navigate back to the local setting portion to adjust further settings.

Under Form Setting, choose between the settings for GSTR1 and 3B. These settings may not always be necessary, but are available if you require them.

In the case of GSTR1, configure the document settings. You can choose from three options: create multiple series and consider missing invoices cancelled (default selection), create a new series for missing invoices, or create a single series and consider missing invoices as cancelled. If you do not wish to auto compute, select that option.

Define the organizational spans or GSTN for which you want these settings to apply.

For HSN Summary Auto Compute, select the appropriate settings based on your needs. Options include considering both invoice and credit note, only invoice excluding credit note, or invoice with credit note excluding the credit note quantity.

Select the CD and quantity options if you need to manually handle the computations rather than using the auto-compute feature. We offer various methodologies for auto computing both the document and the adjacent summary, tailored to your specific needs.

For GSTR3B, explore multiple settings to customize your computations. For instance, to compute ITC in table 4, choose the invoice plus debit note minus credit note logic. If you need to merge your reverse and non-reverse charges or set all GSTR documents linked to ISD and Common Credit as default, these settings are available.

Activate any required settings by clicking the Manage Business button. This allows you to specify the number of PANs, GSTNs, or businesses for which you want to apply these settings.

Additionally, we provide options for the import of goods calculations, such as comparing GSTR 2B with the purchase register or using the GSTR 2B summary directly. Choose the option that best suits your requirements.

This article guides you through setting up custom reconciliation logic for financial transactions, focusing on how to apply different matching status filters based on your specific needs, such as for banks, businesses, or GSTN.

Navigate to the Custom Recon Logic section to start setting up your reconciliation logic for comparing documents like 2B vs. PR or 2A vs. PR.

Review the available matching status filters, including Exact Match, Adjusted Match, and Mismatch. Here, you'll see the overall logic that categorizes documents under these filters.

Adjust the tolerance values or adjustable parameters to modify the bucketing logic for tax values or taxable values, where a difference of one rupee is significant.

Configure additional options based on your requirements. If all parameters match, the transaction will be categorized under Exact Match. If the document number is close, with a possible rounding difference in taxable value or tax difference, it will fall under Suggested Match. Similarly, if the document date is within the financial year and there's a rounding in tax and taxable value, it will also be categorized as Suggested Match.