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    Tally Prime Course GST

    Uploaded by

    Elakiyaa
    The document describes how to set up Goods and Services Tax (GST) accounting in Tally. It explains the different GST rates and types including CGST, SGST, and IGST. It provides steps to create ledgers, stock groups, units, and stock items with applicable GST. It also demonstrates sample purchase and sales transactions within the same state and other states to calculate CGST/SGST and IGST respectively.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Tally Prime Course GST

    Uploaded by

    Elakiyaa
    233 views9 pages
    The document describes how to set up Goods and Services Tax (GST) accounting in Tally. It explains the different GST rates and types including CGST, SGST, and IGST. It provides steps to create ledgers, stock groups, units, and stock items with applicable GST. It also demonstrates sample purchase and sales transactions within the same state and other states to calculate CGST/SGST and IGST respectively.

    Original Title

    Tally Prime Course GST (Sscstudy.com)

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    The document describes how to set up Goods and Services Tax (GST) accounting in Tally. It explains the different GST rates and types including CGST, SGST, and IGST. It provides steps to create ledgers, stock groups, units, and stock items with applicable GST. It also demonstrates sample purchase and sales transactions within the same state and other states to calculate CGST/SGST and IGST respectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    233 views9 pages

    Tally Prime Course GST

    Uploaded by

    Elakiyaa
    The document describes how to set up Goods and Services Tax (GST) accounting in Tally. It explains the different GST rates and types including CGST, SGST, and IGST. It provides steps to create ledgers, stock groups, units, and stock items with applicable GST. It also demonstrates sample purchase and sales transactions within the same state and other states to calculate CGST/SGST and IGST respectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    GST (Goods and Service Tax)

    CGST - Centre Goods and Service Tax


    SGST – State Goods and Service Tax
    IGST – Integrated Goods and Service Tax
    GST Rates :
    1. Nil
    2. 5%
    3. 12%
    4. 18%
    5. 28%

    Open New Company :

    /
    m
    .co
    ACTIVATE GST
    dy
    tu
    cs
    /ss
    s:/
    tp
    ht

    Taxation
    Enable Goods and Service Tax (GST): Yes

    GST Details
    State : Uttar Pradesh
    Reg Type : Regular
    GSTIN : 09AABCU9603R1ZL
    Periodicity : Monthly

    Super Success Institute Page 54


    /
    m
    .co
    Accept GST details and Accept Statutory and Taxation
    dy
    CREATE LEDGERS FOR GST:
    tu
    Gateway of Tally > Create > Ledgers
    CGST
    cs

    Name : CGST
    Under : Duties and Taxes
    /ss

    Type of Tax : GST


    Tax Type : Central Tax
    s:/

    SGST
    Name :SGST
    tp

    Under : Duties and Taxes


    Type of Tax : GST
    ht

    Tax Type : State Tax


    IGST
    Name :IGST
    Under : Duties and Taxes
    Type of Tax : GST
    Tax Type : Integrated Tax
    Purchase
    Under : Purchase Account
    GST Details : Applicable
    Type of Supply : Goods

    Sales
    Under :Sales Account
    GST Details : Applicable
    Type of Supply : Goods

    Super Success Institute Page 55


    SBI Bank
    Under : Bank Account

    LEDGER FOR PURCHASE PARTY


    Super Computer Store
    Under : Sundry Creditors
    State : Uttar Pradesh
    Reg Type : Regular
    GSTIN : 09AABCD1203R1ZL
    Set Alt GST details : No
    Delhi Computer Traders
    Under : Sundry Creditors
    State : Delhi
    Reg Type : Regular
    GSTIN : 09AABCD1203R1ZL
    Set Alt GST details : No

    /
    m
    .co
    LEDGER FOR SALES PARTY
    Sudhir Saini
    Under : Sundry Debtors
    dy
    Set Alt GST details : No
    State : Uttar Pradesh
    tu
    Sanju Rawat
    Under : Sundry Debtors
    cs

    Set Alt GST details : No


    /ss

    State : Uttarakhand
    s:/

    STOCK GROUP CREATION


    Gateway of Tally> Create > Stock Group
    tp

    Computer Parts
    Under : Primary
    ht

    Set / Alt GST : No

    Note: If all the items of a group have same GST rate, than GST rates can be set for groups. But for
    training purpose, we will set GST rate for each individual items.

    CREATE UNIT
    Symbol : Pcs
    Name : Pieces

    Super Success Institute Page 56


    CREATE STOCK ITEMS WITH GST
    Keyboard –Dell
    Under : Computer Parts
    Unit : Pcs
    GST : Applicable
    Set/Alter GST : Yes
    Calculation Type : On Value
    Taxability : Taxable
    Tax Type : Integrated : 18%
    Type of Supply : Goods
    Keyboard – HP
    Under : Computer Parts
    Unit : Pcs
    GST : Applicable
    Set/Alter GST : Yes
    Calculation Type : On Value
    Taxability : Taxable

    /
    Tax Type : Integrated : 18%

    m
    Type of Supply : Goods

    .co
    Mouse (Normal)
    Under : Computer Parts
    dy
    Unit : Pcs
    GST : Applicable
    tu
    Set/Alter GST : Yes
    Calculation Type : On Value
    cs

    Taxability : Taxable
    Tax Type : Integrated : 18%
    /ss

    Type of Supply : Goods


    s:/

    Mouse (Cordless)
    Under : Computer Parts
    tp

    Unit : Pcs
    GST : Applicable
    ht

    Set/Alter GST : Yes


    Calculation Type : On Value
    Taxability : Taxable
    Tax Type : Integrated : 18%
    Type of Supply : Goods

    PURCHASE THE ITEMS


    Purchase with in State:
    Our company is Registered in Uttar Pradesh and supplier Super Computer Store is also from Uttar
    Pradesh (Same State). Therefore, CGST and SGST are applicable.
    Gateway of Tally > Voucher> F9 (Purchase)
    Party Account : Super Computer Store
    Keyboard – Dell 2 Pcs 220 440
    Keyboard – HP 1 Pcs 450 450
    Mouse – Normal 2 Pcs 150 300

    Super Success Institute Page 57


    Mouse – Cordless 1 Pcs 250 250
    Total 1440
    CGST 129.60
    SGST 129.60
    Enter and Accept

    /
    m
    .co
    dy
    tu
    cs
    /ss

    Check GST :Our company and Purchase Party Super Computer Ltd is registered in same state
    (Uttar Pradesh). Therefore, CGST and SGST are shown in the voucher.
    Purchase from Other State : IGST Applicable
    s:/

    Gateway of Tally > Voucher> F9 (Purchase)


    Party Account : Delhi Computer Traders
    tp

    Keyboard – HP 50 Pcs 400 20000


    Mouse – Normal 50 Pcs 140 7000
    ht

    Mouse – Cordless 50 Pcs 250 1250


    Total 39500
    IGST 7110.00
    150 Pcs 46610.00
    Enter and Accept

    Super Success Institute Page 58


    /
    m
    .co
    Check Balance Sheet > Current Liabilities > Duties and Taxes
    dy
    tu
    Sales the Items: With in State : CGST and SGST Applicable
    GOT > Account Voucher > F8 (Sales)
    cs

    Party Account :SudhirSaini


    /ss

    Sales Ledger : Sales


    Keyboard – Dell 2 Pcs 300 600
    Keyboard – HP 1 Pcs 500 500
    s:/

    Mouse – Normal 1 Pcs 300 300


    Mouse – Wireless 1 Pcs 500 500
    tp

    Total 1900
    ht

    CGST 171
    SGST 171

    Super Success Institute Page 59


    /
    m
    .co
    dy
    SALES THE ITEMS: OTHER STATE : CGST AND SGST APPLICABLE
    tu

    GOT > Account Voucher > F8 (Sales)


    cs

    Party Account :Sanju Rawat (Uttarakhand)


    Sales Ledger : Sales
    /ss

    Keyboard – HP 50 Pcs 500 25000


    Mouse – Normal 51 Pcs 300 15300
    s:/

    Mouse – Wireless 49 Pcs 500 24500


    Total 64800
    tp

    IGST 11664
    Total 76464
    ht

    Super Success Institute Page 60


    /
    m
    Check Reports
    .co
    dy
    Display More Report > Statement of Accounts > Outstanding > Receivable/ Payables
    Balance Sheet
    tu
    cs

    RECEIVE AMOUNT AGAINST SALE


    Gateway of Tally > Voucher > F6 (Receipt)
    /ss

    Account : Cash
    Cr Sudhir Saini 2242
    s:/

    Accept
    Account : SBI Bank
    tp

    Cr Sanju Rawat 76464


    Accept
    ht

    MAKE PAYMENT TO SUPPLIER


    Gateway of Tally > Voucher > F5 (Payment)
    Account : Cash
    Super Computer Store (Dr) 1699.20
    Accept
    Account : SBI Bank
    Dr Delhi Computer Traders 76464
    Accept

    Report
    Balance Sheet > Current Liabilities
    Duties and Taxes : 4636.80
    CGST : 41.40

    Super Success Institute Page 61


    IGST : 4554.00
    SGST : 41.40

    Pay GST and Update in Tally Prime


    Gateway of Tally >Vouchers >Payment (F5)
    Change Date F2 – 1.5.2021 ( For Tally training version)
    Account -SBI Bank
    Dr CGST : 41.40
    Dr SGST : 41.40
    Dr IGST : 4554.00
    4636.80
    Mode of Payment : Net banking
    Name of Bank : SBI

    /
    m
    .co
    dy
    tu
    cs
    /ss
    s:/
    tp
    ht

    Super Success Institute Page 62

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