Add each thing you sell once, with its price and GST details. When you write an invoice or proposal, you pick the item and everything fills in correctly.
Add an item
- Go to Products and services and click Add item.
- Choose A service or A product.
- Enter the name, price and what you charge per (hour, day, month, item…).
- Enter the HSN / SAC code:
- SAC codes are for services and start with 99, for example
998314for IT design and development. - HSN codes are for goods.
- If your turnover is over ₹5 crore, use at least 6 digits. Otherwise use at least 4.
- SAC codes are for services and start with 99, for example
- Choose the GST treatment and rate. Most items are Taxable. Only the rates currently in force are listed.
Not sure of the code or rate? Ask your accountant once and save it here. You won't have to look it up again.
Changing a price
Edit the item. The new price is used on new invoices; invoices you've already issued don't change.
Archiving
Archive items you no longer sell. They won't be offered on new invoices, but old invoices keep them.