Set up GST rates for your company at the company level, stock group level, stock item level, account ledger group level, and ledger level. It will also give details about the GST rates at the various levels. You can also set GST rates for specific price regions or specific items. GST rates are among the most important documents for any company. GST files are extremely crucial because it affects the whole company's tax base. All companies should be well prepared before filing GST returns, otherwise they may end up paying heavy tax bills.