Tax Summary
Shows, for one month or quarter, the GST you charged on sales, the GST you can claim on purchases, and the difference you owe, split by tax type and rate. Use it to see your GST position before you file.
This report is built for India's GST and tax deduction rules. It does not cover VAT, and Tax Reports has no VAT report. Your VAT rate and amount are on each document.
Quick look
- Go to Reports › Tax Reports and click the Tax Summary card.
- It opens on last month. To change the period, click the filter button, pick a Month or Quarters, then click Run Report.
- Read the bold Net Total row: it is the tax you owe, or can claim, for the period.
Done. You see output tax, input credit and net liability for the period, with a Net Total row.
Full guide
What it shows, and when to use it
One row for each tax type and rate that appears in the period (for example CGST at 9 percent, IGST at 18 percent), then a bold Net Total row under them. Each row says how much tax you charged (Output Tax), how much credit you can claim (Input Tax Credit) and the difference (Net Liability). It does not list documents: use Summary of Outward Supplies and Summary of Inward Supplies for that.
Filters and period
Fields in this section
| Field | Required | What to enter |
|---|---|---|
| Reports | No | Switch to another Tax report. |
| Year | No | Chooses which months and quarters the two lists below offer. The current year lists your latest 12 months and the latest four quarters; an earlier year lists January to December and its four calendar quarters. |
| Month | No | A single month, for example Oct-26. It opens on last month. |
| Quarters | No | A calendar quarter such as Jul-26 - Sep-26 (January to March, April to June, July to September, October to December). Picking a quarter clears the month, and the reverse. |
The report opens already run for last month, with a tag above the table (for example Month: Oct-26) naming the period. Click Run Report to refresh after you change a filter. If you click it with neither a month nor a quarter chosen, a message asks you to pick one. The filter button beside Run Report shows or hides the filters.
If your business unit has a go-live date, a line under the filters says documents dated before it are not included, because they were reported from your previous system. See Entering documents from before go-live.
Columns
Fields in this section
| Column | What it shows |
|---|---|
| Tax Type | CGST, SGST, IGST, UTGST or CESS, in that order, then the lowest rate first inside each type. The last row reads Net Total. |
| Tax Percentage | The rate of the row. The Net Total row shows a dash. |
| Output Tax | Tax charged on your invoices, less tax reversed by credit notes. |
| Input Tax Credit | Tax on your bills, less tax reversed by debit notes. |
| Net Liability | Output Tax minus Input Tax Credit. A negative figure means credit is left over. |
| Taxable Amount | Before-tax value of invoices less credit notes at that rate; 0 on a rate with only purchases. |
Amounts show with decimals in your business unit's currency.
How the figures are worked out
Bizconnekt reads the tax on each line of your posted documents, in the period you chose, and groups it by tax type and rate.
- Output Tax adds the tax on invoices and takes away the tax on credit notes.
- Input Tax Credit adds the tax on bills and takes away the tax on debit notes. A bill line whose tax was added to the cost of the item (credit you cannot claim) is left out.
- Net Liability is output minus credit, row by row.
- Net Total adds the rows. Its Taxable Amount is the total before-tax value of your invoices less credit notes, counted once, so it is not the sum of the rows above it (CGST and SGST share the same base).
- A row where credit notes or debit notes outweigh the invoices or bills shows 0 in that column, not a negative number, and the Net Total leaves it out too, so Net Total can read higher than what you really owe.
A document counts in the month of its document date, as it stands now: an invoice re-dated from March to April leaves March and appears in April. Only documents posted to your books are counted. A voided invoice, credit note or debit note leaves these reports completely, in every period including the one it was dated in, because voiding takes it out of your books. Bizconnekt refuses to void an invoice while it has an e-invoice (IRN) or a live e-way bill, a payment or an applied note. Cancelling an IRN alone does not remove the invoice: it still counts until you void it. Bills cannot be voided; deleting a bill removes it. If that period is already filed, raise a credit note instead of voiding.
Sorting, drill-down and export
There is no sorting, no paging and no export on this report, and the rows do not open a document. To see the documents behind a figure, use Summary of Outward Supplies (sales) or Summary of Inward Supplies (purchases), which list each invoice and bill and let you open it.
To file, use the returns in Tax Compliance: GSTR-3B prepares the return itself.
Who can see it
Open the report with View on Tax Reports. Without it the report list shows a No Access page. Tax Reports has only View and Add/Edit, and a report changes no record, so Add/Edit makes no difference here. The report is for the business unit you are working in: switch business unit first if you keep more than one GSTIN.
On mobile
In the mobile app open Reports, choose Tax Reports, then Tax Summary. It shows the rows and a Net Total, and opens on last month. Pull down to refresh. The filter button offers Month, Quarters and Year. Choosing a Quarters value reports that quarter and replaces the month; choosing a Year switches the Month and Quarters lists to that year, as on the web. There is no download on this report. Same on iPhone and Android.
The Android app is on Google Play. The iPhone app is coming soon to the App Store.
Problems and fixes
The figures are for the wrong period
A report opens on last month. Check the tag above the table, pick the Month or Quarters you want and click Run Report.
Net Total looks lower than the rows add up to
The Taxable Amount in the Net Total row counts each invoice once, while CGST and SGST rows each show the same base. Compare the tax columns, which do add up.
A negative amount shows as 0
A row never shows negative output tax or credit. Where credit notes outweigh invoices in one rate, that column reads 0 and the difference is not carried to another row.
An invoice from the last day of a quarter is missing
When you choose a quarter, the period ends at the start of its last day, so documents timed later on that day may be left out. Choose the three months one by one to check.
The report page says No Access
Your role does not have View on Tax Reports. Ask an administrator to turn it on.