Tax Configuration
Configuration is your overall tax setup — the switches that decide how tax is worked out on every quote, order, invoice, bill and return you create. Set it once at the start, and every document you raise afterwards picks up the right tax automatically.
This is where you tell Bizconnekt how your business is registered for GST, how your customers and suppliers should be taxed by default, which tax rates apply to your goods and services, and whether final amounts on documents should be rounded off.
Tax Configuration is available in Bizconnekt Admin to owners and administrators. Everyday users don't need to touch it — once it's set, tax is applied for them as they work.
What tax configuration decides
| Setting | In plain terms | What it affects |
|---|---|---|
| Registration type | Whether you file GST as a regular business or under the composition scheme | The tax that appears on your sales documents and how much detail returns need |
| Default tax treatment | How a customer or supplier is taxed unless you say otherwise | The tax applied when you add a new party or raise a document for them |
| Tax rate categories | The GST slabs — 0%, 5%, 12%, 18%, 28% — that your items can use | The exact tax charged on each line of a document |
| Reverse charge | Whether, for certain purchases, you account for the tax instead of your supplier | How tax is recorded on those purchases and in your returns |
| Rounding | Whether the final amount on a document is rounded to the nearest rupee | The total your customer or supplier sees, and the small round-off entry in your books |
How do I open tax configuration?
- Open Bizconnekt Admin.
- Go to Settings in the left menu.
- Open Taxes & Compliance.
- Select Configuration.
You'll see your current tax setup laid out in sections. Change what you need and save.
Choosing your registration type
Your registration type reflects how your business is registered with the GST department.
- Regular — the standard choice for most GST-registered businesses. You charge GST on your sales, claim credit on your purchases, and your documents show the full tax breakup.
- Composition — for small businesses registered under the composition scheme. Tax is simpler and your sales documents are handled differently, in line with the scheme's rules.
Pick the one that matches your GST registration. If you're unsure which applies to you, check with your accountant — it should match what's on your GST certificate.
Setting a default tax treatment
The default tax treatment is the starting point for how a party is taxed. When you add a new customer or supplier, they take this default, and you can still change it for any individual party or document.
Common treatments include a registered business (taxed normally), an unregistered party, a customer buying for their own use, or a party in a special zone. Choosing a sensible default means most documents are correct the moment you create them, with no manual tax picking.
Reviewing your tax rate categories
Bizconnekt comes with the standard GST rate categories already set up — 0%, 5%, 12%, 18% and 28%. Each rate splits automatically into the right components when you raise a document:
- Within your state — the rate is shared as two halves (for example, 18% becomes 9% + 9%).
- To another state — the full rate applies as a single combined tax (for example, 18%).
You assign the correct rate to each item when you set the item up, and Bizconnekt applies it from there. The rate categories themselves follow the government's GST slabs, so there's nothing to invent — just review that they're present.
Turning on reverse charge
Reverse charge is for specific purchases where the responsibility for the tax sits with you, the buyer, rather than your supplier — for example, certain services or supplies from an unregistered supplier.
If your business regularly deals with these, turn reverse charge on. The option to apply it then appears when you record those purchases, and the tax is accounted for on your side and reflected in your returns. If it doesn't apply to you, leave it off.
Rounding off document totals
Turn on rounding if you'd like the final amount on a document rounded to the nearest rupee. Bizconnekt adjusts the total by a few paise and records that small round-off in your books, so the amount your customer or supplier sees is clean and the accounts still balance to the last paisa.
What this affects on your documents and returns
Once configuration is set, your tax setup flows through everything:
- On documents — quotes, orders, invoices, bills, credit and debit notes all show the correct GST, split into within-state or inter-state tax based on where your customer or supplier is.
- In your books — the tax on each document posts to the right accounts automatically.
- On returns — because every document carries the correct tax from the start, your GST figures line up when it's time to reconcile and file.
Set this up before you start raising documents, so your very first invoice is right.
Related guides
- GSTIN — record your GST registration numbers for each place of business
- Tax Compliance (GST reconciliation) — match your records against the GST portal
- Tax Reports — GST summaries ready for filing
- Invoicing — raise GST-compliant invoices
- Accounting Period Lock — close your books by date
Need help? Contact support at support@bizconnekt.com