Sr. No. Upgrade from Version 6.3 or 7.2 to 9.0 Single User ( ₹ ) Multi User ( ₹ )
1 Billing Copy 2,499 NA
2 Account Copy 4,499 8,499
3 Super Account Copy
4 Standard Copy 4,499 8,499
5 Premium Copy
6 Excise Copy
7 Excise Copy (W/o Acc.)
8 Addon 1,899 NA

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 the "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)

The present indirect tax regime is complex and entails multiple taxes and duties. Further, there is a significant cascading effect of taxes on account of various restrictions on cross utilization of credit of one tax against another. In addition to this, the multiplicity of returns and compliances at State level, administrative costs, waybills requirement for inter-state movement of goods, add to the procedural compliances to be followed by the assesses.

Introduction of a GST to replace the existing multiple tax structures of Centre and State taxes are not only desirable but imperative in the emerging economic environment. The Goods and Services Tax (GST) is a destination-based value added tax, levied at all points in the supply chain with credit allowed for tax paid on purchases used in making the supply. It would apply to both goods and services in a comprehensive manner with exemptions restricted to a minimum.

The dual GST which would be implemented in India will subsume many consumption based taxes. At the central level, Central excise duty, Additional excise duty, Service tax, Countervailing duty (CVD) and Special Additional Duty (SAD) and at State level, VAT/Sales tax, Octroi and Entry Tax, Purchase tax, Luxury tax, Entertainment tax and taxes on lottery, betting and gambling would be subsumed.

A 4-tire GST tax structure of 5, 12, 18 and 28 percent, with lower rates for essential items and the highest for luxury and demerits goods that would also attract an additional cess, was decided by the GST Council. By removing the cascading effects, layers of taxes and simplifying structure, GST will effectively mean that the tax paid by the final consumer will come down in most cases. In case of services it is likely expected to have a flat rate of 18% including cesses.

Rate Description
3% Precious items like Gold and Silver
5% Essential items
12% Standard rate
18% For goods other than covered under 12%
28% Luxury goods

Cross utilization of credit of CGST between goods and services would be allowed. Similarly, the facility of cross utilization of credit will be available in case of SGST. However, the cross utilization of CGST and SGST would not be allowed except in the case of inter-State supply of goods and services under the IGST model.

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
  • 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. The 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.

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 taxpayers.

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 taxpayers will freeze the actual credit eligibility and impending tax liability after due coordination 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
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
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.

For taxable person whose registration has been surrendered or cancelled

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

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 country's rank remained at lowly 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.

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 ST 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.