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Tax records & party balances

Keep tax context close to the business record.

The ERP transaction core includes tax components, linked journals and party balances. This is the foundation for financial review; it is not a claim that GST returns, direct filing or every accounting statement is production-ready.

FOLLOW THE WORKFLOW

See how the work fits together.

  1. Record a supported transaction
  2. Inspect its tax components
  3. Review the party balance
  4. Reconcile the opening position

FICTIONAL WORKFLOW EXAMPLE

An opening balance that has to agree first

A fictional supplier is migrated with an opening credit balance of ₹85,000. Until that figure is reconciled against the source system, every later settlement and outstanding-document view inherits the same unexplained difference.

Tax components and party balances support financial review. They do not by themselves validate a GST return, an accounting statement or a statutory conclusion.

Inspect tax context on transactions

Supported documents retain tax components alongside their commercial amounts. Confirm the intended tax profile and examples during pilot scoping.

  • Review representative purchase and sales records.
  • Inspect tax and total amounts against reference records.
  • Treat return and adjustment cases explicitly.

Understand party balances

Customer and supplier opening balances, transactions and settlements need a consistent starting position. A migration must reconcile the agreed opening amounts before new postings begin.

  • Review opening debit and credit totals.
  • Inspect settlements and outstanding documents.
  • Keep source and correction references available.

Confirm statutory output availability

GST return generation, filing integrations and broader accounting statements remain unfinished. A tax component on a transaction does not independently validate a return or statutory conclusion.

  • Identify the exact outputs your accountant needs.
  • Confirm available scope before live use.
  • Keep required professional review and authorisation in the process.

Questions about tax records and balances

Can we file GST returns from Kramvia ERP today?

No. Return generation, filing integrations and broader accounting statements remain in development. Confirm the exact outputs your accountant needs before relying on the product for them.

Is a tax component on a transaction the same as a tax report?

No. Components on individual records are inputs to a report. A report additionally needs complete, correctly classified records and a validated reporting layer.

What to bring to the discussion

  • Required tax reports and accounting statements.
  • Representative taxable transactions and adjustments.
  • Opening balances and settlement conventions.
Discuss your requirements