• GST help in Miracle

  • FAQ

  • Useful information

  • HSN Code & Product GST Rate

  • GST Background

  • Journey so far

  • Compliance with Returns

  • Ease of doing Business

  • GST Return Formats

  • Refunds Under GST

How GST is implemented in Miracle Software?

GST Master Setup

GST Setup & Entries

GST Returns & Reports

Composition Scheme

Refer following documents... Add GSTIN details for Company English / Gujarati / Hindi (in PDF Format)
Refer following documents to know how to add/edit Party Account details for update GSTIN No. & Reg. Type to multiple accounts... Select GST Reg.Type & insert GSTIN No. for Party Account. English / Gujarati / Hindi (in PDF Format)
Refer following documents...

GST Slab & GST Commodity in Miracle English / Gujarati / Hindi (in PDF Format)

Refer following document to know how to add/edit multiple produts to select GST Commodity...

Select GST Commodity for Product English / Gujarati / Hindi (in PDF Format)

Refer following documents to know about UQC & how to select UQC for the multiple products...

Select GST Unit (UQC) for multiple products in Miracle English / Gujarati / Hindi (in PDF Format)

Refer following document to know about How to select GST Registration Type for a party account & Type of Bills: Tax Invoice & Bill of Supply...

GST Registration Type & Type of Bills in Miracle English / Gujarati / Hindi (in PDF Format)

Refer following document to know about how to change GST Rate and how it will apply...

Change GST Rate in Miracle English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about how to search any party’s GSTIN from Miracle.

GSTIN Search & Verify facility in Miracle. English / Gujarati / Hindi (in PDF Format)

Please refer following document for more details. Gujarati / Hindi (in PDF Format)

Refer following documents to know about GST Setup and how to select GST Invoice types, entries for Purchase & Sales. Its also shows GST Calculation effect in different accounts...

GST Setup, Purchase/Sales Entry & its A/c. effects in Miracle.

English / Gujarati / Hindi (in PDF Format)

Refer following document to know about Credit / Debit Note entry in Miracle with examples of With Stock & Without Stock entry...

English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about how to setup for Payment Options in Miracle.

Payment Options in Miracle. English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about how to setup for Year Suffix in Bill/Invoice No.

Year Suffix facility in Bill/Invoice No. in Miracle. English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about how to generate E-Way Bill in Miracle.

Generate E-Way Bill in Miracle. English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about how to create a New Fin. Year and how to update balance in Miracle.

Create a New Year & Update balance English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about Cess setup & entry in Miracle.

Cess concept in Miracle. English / Gujarati / Hindi (in PDF Format)

Please refer following document to know about Free Quantity and how to setup & entery in Miracle.

Free Quantity in Miracle. English / Gujarati / Hindi (in PDF Format)

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We recommend minimum hardware configuration as under: Processor Core i3 or higher (2GHz or faster processor) RAM 2 GB or more (4 GB recommended) HDD 5 GB or more Hard Disk space Other USB Port
  • Supported Client OS
    • Microsoft Windows 7 with Service Pack 1, Windows 8.1, or Windows 10 (64 bit Recommended)
  • Supported Server OS
    • Windows Server 2008 R2, Windows Server 2012 R2, Windows Server 2016
  • Framework
    • .NET Framework 4.0 or Higher

We have developed a tool which will automatically download and install .net 4.0 in your system.

For more Details download ( Gujarati / Hindi ) this PDF and MiracleDotNet.exe

In Miracle, Go to Exit Menu >> About Us and Simply Click Ctrl+ U.

For more Details download ( Gujarati / Hindi ) this PDF

Useful Information to upgrade GST in Miracle Software

As we all know, GST is going to rollout from 1st July, 2017. We have also implemented GST in Miracle Software. Please go through the attached file to upgrade Miracle into “GST Ready” version.

Find HSN Code for Your Business. HSN stands for Harmonized System of Nomenclature which is internationally accepted product coding system used to maintain uniformity in classification of goods.

HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime. Depending upon the turnover Taxpayers shall use 2 digit,4 digit or 8 digit HSN code.

Dealers registered under the Composition Scheme of GST are exempted from the usage of HSN Codes.

Download HSN Code List: (Last Updated Date: 20 May 2017)

Download Chapter wise rate wise GST schedule (Last Updated Date: 18 May 2017)

Download Revised GST Rates (Last Updated Date: 11 June 2017)

Download Schedule of GST Rates for Services (Last Updated Date: 19 May 2017)

Year
Description
2000
Vajpayee Government mooted the Idea
2002-2004
Kelkar Task Force - Vijay Kelkar presented paper in Oct'02
2006
Proposal to Introduce the GST was put forth by April 2010 by FM in budget
2009
Empowered Committee presented first discussion paper
2010
FM proposed to introduce GST from April 2011
2011
Constitution 115th Amendment bill introduced in LS
2013
Committee submitted report in Aug'13 but the Lok Sabha dissolved
2014
Revised Constitutional amendment bill was tabled in LS, GST expected from April 2016
2015
06 May 2015: Passed by Lok Sabha
2016
  • 03 Aug 2016: Passed by Rajya Sabha
  • Within 23 days ratified by 50% states
  • 08 Sept 2016:GST bill now a law, President Pranab Mukherjee gives assent.
  • 12 Sept 2016: GST council formed& GST Council meetings commenced
The spread of Value Added Tax (VAT) and Goods and Services Tax (GST) has shown an increasing trend over the last two decades. Most of the current experts and international authorities agree that out of 194 countries in existence over 160 countries have implemented VAT/GST. Most of these countries have a unified GST system barring countries like Brazil and Canada, which follow a dual system wherein GST is levied by both federal and state or provincial governments. France is the first country in the world, which has implemented GST in 1954. Latest, GST was implemented in Malaysia in April 2015.Rate of GST ranges between 15-20% generally (may differ to higher/lower side in few countries). The following countries are working towards implementing GST/VAT system Gulf Cooperation Council (Bahrain, Kuwait, Qatar, Saudi Arabia, Oman and the United Arab Emirates) across the UAE on January 1 2018.

Compliance with Returns

Under the current indirect tax regime, a taxpayer is obligated to file multiple returns under various statutes which could be manual/online filing. Reporting the same transaction repeatedly in varying formats to multiple authorities has only proven to be cumbersome to the tax payers.

In a move towards Ease of Doing Business, GST regime is knocking out the multiplicity of return compliance and moving towards paperless tax compliance. Returns under GST envisage that tax payers will freeze the actual credit eligibility and impending tax liability after due co-ordination between the customers and vendors respectively.

List of returns to be filed under GST regime:

Form Type
Frequency
Due Date
Details to be Furnished
Form GSTR-1
Monthly 10th of succeeding month Furnish details of outward supplies of taxable goods and/or services affected
Form GSTR-2A
Monthly On 11th of succeeding Month Auto-populated details of inward supplies made available to the recipient on the basis of Form GSTR-1 furnished by the supplier
Form GSTR-2
Monthly 15th of succeeding month Details of inward supplies of taxable goods and/or services for claiming input tax credit. Addition (Claims) or modification in Form GSTR-2A should be submitted in Form GSTR-2.
Form GSTR-1A
Monthly 20th of succeeding month Details of outward supplies as added, corrected or deleted by the recipient  in Form GSTR-2 will be made available to supplier
Form GSTR-3
Monthly 20th of succeeding month Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax
Form GST ITC-1
Monthly Communication of acceptance, discrepancy or duplication of input tax credit claim
Form GSTR-3A
Notice to a registered taxable person who fails to furnish return under section 27 and section 31
Form GSTR-9
Annually 31st Dec of next fiscal Annual Return – furnish the details of ITC availed and GST paid which includes local, interstate and import/exports.
Return Type
Frequency
Due Date
Details to be Furnished
Form GSTR-4A
Quarterly Details of inward supplies made available to the recipient registered under composition scheme on the basis of Form GSTR-1 furnished by the supplier
Form GSTR-4
Quarterly 18th of succeeding month Furnish all outward supply of goods and services. This includes auto-populated details from Form GSTR-4A, tax payable and payment of tax.
Form GSTR-9A
Annual 31st Dec of next fiscal Furnish the consolidated details of quarterly returns filed along with tax payment details.
Return Type
Frequency
Due Date
Details to be Furnished
Form GSTR-5
Monthly 20th of succeeding month or within 7 days after the expiry of registration Furnish details of imports, outward supplies, ITC availed, tax paid, and closing stock
Return Type
Frequency
Due Date
Details to be Furnished
Form GSTR-6A
Monthly 0n 11th  of succeeding month Details of inward supplies made available to the ISD recipient on the basis of Form GSTR-1 furnished by the supplier
Form GSTR-6
Monthly 13th of succeeding month Furnish the details of input credit distributed
Return Type
Frequency
Due Date
Details to be Furnished
Form GSTR-7
Monthly 10th of succeeding month Furnish the details of TDS deducted
Form GSTR-7A
Monthly TDS certificate to be made available for download TDS Certificate – capture details of value on which TDS is deducted and deposit on TDS deducted into appropriate Govt.
Return Type
Frequency
Due Date
Details to be furnished
Form GSTR-8
Monthly 10th of succeeding month Details of supplies effected through e-commerce operator and the amount of tax collected on supplies
Return Type
Frequency
Due Date
Details to be furnished
Form GSTR-9B
Annually Annual, 31st Dec of next fiscal Reconciliation Statement – audited annual accounts and a reconciliation statement, duly certified.
Return Type
Frequency
Due Date
Details to be furnished
Form GSTR-10
Monthly Within 3 months of cancellation of registration Furnish details of inputs and capital goods held, tax paid and payable.
Return Type
Frequency
Due Date
Details to be furnished
Form GSTR-11
Monthly 28th of succeeding month Details of inward supplies to be furnished by a person having UIN

Ease of doing Business

Economies are ranked on their ease of doing business, from 1-190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Latest Ease of Doing Business report of the World Bank Group has once again everyone has been left disappointed as India climbed just one position to 130 this year.

 

Paying taxes is one of the worst indicators for India – this year the countrys rank remained atlowly 172 out of 190 countries.

 

The introduction of the Goods and Services Tax (GST)is expected to ease doing business by managing the multiple indirect taxes applicable in the existing tax regime, removing cascading effect of taxes and widening the tax base.

 

By unifying all Indian states and Union Territories into a one nation one common market, GST will exponentially enhance the ease of doing business. GST is expected to bring in a lot of certainty on the indirect tax front and this will provide a boost to new investments, especially foreign investments in the Country.

GST Return Formats, Download GST Return Forms (GSTR Forms)

Last Updated 3rd June 2017 (03-06-2017)

Sr. No.

Form Number

Descritption

1

GSTR-1

Details of outwards supplies of goods or services

2

GSTR-1A

Details of auto drafted supplies of goods or services

3

GSTR-2

Details of inward supplies of goods or services

4

GSTR-2A

Details of supplies auto drafted from GSTR-1 or GSTR-5 to recipient

5

GSTR-3

Monthly return

6

GSTR-3A

Notice to return defaulter u/s 46

7

GSTR-4

Quarterly return for registered persons opting composition levy

8

GSTR-4A

Auto drafted details for registered persons opting composition levy

9

GSTR-5

Return for Non Resident Taxable Persons

GSTR-5A

Details of supplies of online information and database access or retrieval services by a person located outside India made to non-taxable persons in India

10

GSTR-6

Return for input service distributors

11

GSTR-6A

Details of supplies auto drafted from GSTR-1 or GSTR-5 to ISD.

12

GSTR-7

Return for Tax Deduction at Source

13

GSTR-7A

Tax Deduction at Source Certificate

14

GSTR-8

Statement for Tax Collection at Source

15

GSTR-9

GST Annual Return

16

GSTR-9A

Simplified Annual return by Compounding taxable persons registered under section 8

17

GSTR 9B

GST Reconciliation Statement

18

GSTR-10

GST Final return

19

GSTR-11

Inward supplies statement for persons having Unique Identification Number (UIN)

20

TRP-1

Application for enrolment as Tax return preparer

21

TRP-2

Enrolment certificate as Tax return preparer

22

TRP-3

Show cause to as Tax return preparer

23

TRP-4

Order of cancelling enrolment as Tax return preparer

24

TRP-5

List of Tax return preparers

25

TRP-6

Consent of taxable person to Tax return preparer

26

TRP-6

Withdrawal of authorization to tax return preparer

27

9A

GST Audit Report

28

ITC-1A

GST ITC Mismatch Report

 

Every registered person (other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017) required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-1 electronically through the Common Portal, either directly or through a Facilitation Centre notified by the Commissioner.

Refund of balance in the electronic cash ledger which is a concept similar to PLA account can be claimed by registered taxable person. Refund to be claimed through the GSTR-3 – Monthly return to be filed by tax payer (Sl. No. 12 – Refunds claimed from cash ledger).

Refund of unutilized input tax credit shall be allowed only in two scenarios.

  • Refund of unutilized input tax credit shall be allowed only for Exports including Zero rated supplies (SEZ Supplies). The Ministry has confirmed that refund of 90% of the duties paid by exporters in the process of manufacturing items for export would be made within a period of seven days under the Goods and Services Tax (GST) regime on provisional basis. The remaining 10% refund will be made after verifications by tax authorities.

  • Credit accumulation due to inverted duty structure.

Supply of goods and/ or services to or by a SEZ developer or an SEZ unit, shall be deemed to be a supply of goods and/or services in the course of inter-State trade or commerce and would be Zero rated supplies. However, probably as it exists today such upfront exemptions could be subjected to certain conditions only after fulfilling these conditions it is likely that the SEZs would enjoy the abinitio exemption else, they would have to opt for refund route

Where tax payer pays one tax for another

(a) CGST/SGST – Instead of IGST

(b) IGST – Instead of CGST/SGST

Refund to be claimed of the wrongly paid tax & the appropriate tax to be paid to the Government without interest

Casual taxable persons or Non-resident taxable persons are required to make an advance payment of estimated tax liability at time of registration application

Refund of tax, if any excess paid shall be allowed subjected to that the dealer must file all the returns.

Tax refund for international tourist scheme provide an opportunity to foreign tourist to buy goods manufactured during their stay in any country and claim refund of the tax suffered on such goods at the time of their exit from the country. In India, it is expected that the scheme will be implemented through the retailer registered for the purpose of this scheme.
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