GST 2.0 Rate Update in Chanakya ERP (Updates Released in New Version of Chanakya ERP 1.1.7.4)

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GST 2.0 Rate Update in Chanakya ERP

Updates Released in New Version of Chanakya ERP 1.1.7.4

With the introduction of GST 2.0, businesses must update their GST rates in ERP systems to stay compliant with the latest tax structure. Chanakya ERP provides an easy, AI-assisted tool to update GST rates for your items or HSN codes. This guide explains step-by-step how to use the GST 2.0 Rate Update feature in Chanakya ERP.

1️⃣ Navigate to GST 2.0 Rate Update

  1. Open Chanakya ERP and log in.

  2. Go to the top menu bar and click Tools.

  3. From the dropdown, select GST 2.0 Rate Change w.e.f. 22 Sep 2025.



2️⃣ Select the Appropriate Option

When you open the GST 2.0 Update window, you will see two options:

  • Option 1 (Commonly Used) – For users who have directly created GST Rates (e.g., GST 12%, 18%, etc.) in GST Groups.
  • Option 2 – For users who have directly created HSN codes.

Recommended: Use Option 1 if you are not sure.
Important:
Use this option only on or after 22 Sep 2025.
  • Take a backup before proceeding.
  • Cross-verify the AI-generated list of items before finalizing.



3️⃣ Review Items and New Rates

After selecting Option 1, the system will generate a list of items whose GST rates are affected. The list will display:

  • Item Code and Description

  • HSN in ERP

  • Old GST rate (as per CBDT)

  • New GST rate (as per CBDT)

  • AI-matched HSN code

You can switch between Item List or HSN List view using the radio buttons.



Use the Download CBDT/Govt. Notified HSN/Segment wise GST Rate link to verify the new rates.

4️⃣ Modify GST Rate by HSN (Check & Modify if Required)

If you need to change the GST rate for a particular HSN, follow these steps:

  1. Switch to HSN List mode.

  2. Verify the HSN-wise New GST Rate.

  3. To change the GST rate, press F12 and apply the correct rate.

  4. To remove an HSN from the update list, press Shift + Delete.

Make sure to review changes carefully before proceeding with the update.


 

5️⃣ Apply the Update

  1. After reviewing the list, click the Update button at the bottom right.

  2. The ERP will update the GST rates for all listed items.

  3. Once the process is complete, cross-check your master data and invoices for accuracy.

Note: Chanakya ERP uses AI for matching HSN codes and GST rates. Accuracy is very high but not guaranteed to be 100%. Always verify.

6️⃣ Tips & Best Practices

  • Always take a full data backup before making GST updates.

  • Run the update only once after 22 September 2025.

  • If you have a large inventory, consider updating during off-hours to avoid interruptions.

  • In case of doubt, contact Chanakya ERP Customer Support at +91 8447740155.

✅ Conclusion

The GST 2.0 Rate Update feature in Chanakya ERP makes it simple to bring your item tax rates in line with the latest government notifications. Follow the above steps carefully, verify your data, and enjoy smooth compliance with the new GST 2.0 regime.

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