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Creating Sales and Purchase Ledgers for GST Compliance in TallyERP9

If many items you sell have the same tax rate, specify the tax rate and other GST details in your sales ledger. Similarly, if the items you purchase have the same tax rates, update your purchase ledger.

If you sell items with multiple tax rates, you can still maintain a single Sales Ledger, and record all GST details at the stock item or stock group level. You can create a single Purchase Ledger similarly.

A. Creating a Sales Ledger : GST-Sales

To Create a Sales Ledger i.e. GST-Sales

1.     Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.     Enter the Name of the Sales ledger i.e. GST-Sales

3.     Select  Sales Account  from the List of Groups in the Under field.

4.     Set the option Inventory values are affected? to Yes ,.

5.    Is GST Applicable - Applicable.
 
 

6.     Set/alter GST Details - No,

Don’t specify the details in the GST Details because GST Rate specified in all Items (specified above) will automatically Calculate the CGST and SGST ,.

7.     Select the Type of supply. By default the type of supply is set to Goods
 
 

8.     Press Ctrl + A to save.

[ Note : Only one Ledger i.e. GST-Sale will be created for all type of GST Sales ]

B. Creating a Purchase Ledger : GST-Purchase @ 18%

To Create a Purchase Ledger i.e. GST - Purchase @ 18%

  • Follow the steps used for Creating the Sales Ledger i.e. GST-Sales as above, with the nature of transaction and rates for purchase
 
 

While recording a sale or purchase transaction, you can select the respective ledger.

 

Similarly…you can create all following Purchase Ledgers as per our Practical Examples by specify the Tax Rate and other GST details as above :

  • GST- Purchase @ 28%
  • GST- Purchase @ 12%

C. Creating a Inter-State Purchase Ledger : Inter-State Purchase @ 18%

To Create a Inter-State Purchase Ledger i.e. Inter-State Purchase @ 18%

●      Follow the steps used for Creating the Sales ledger i.e. Inter-State Purchase @ 18% , with the nature of transaction and rates for purchase.

 

While recording a sale or purchase transaction, you can select the respective ledger.

 

D. Creating a Inter-State Sales Ledger : GST-Inter-State Sales ( Outside State Sale)

To Create a Inter-State Sales Ledger i.e. GST-Inter-State Sales

●      Follow the steps used for creating or updating the sales ledger i.e. GST-Sales in Previous Topics .

To Create a Sales Ledger i.e. GST-Inter-State Sales

1.     Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.     Enter the Name of the Sales ledger i.e. GST-Inter-State-Sales

3.     Select  Sales Account  from the List of Groups in the Under field.

4.     Set the option Inventory values are affected? to Yes ,.

5.    Is GST Applicable - Applicable.
 
 

6.     Set/alter GST Details - No,

Don’t specify the details in the GST Details because GST Rate specified in all Items (specified above) will automatically Calculate the IGST,.

7.     Select the Type of supply. By default the type of supply is set to Goods.

 
 

8.     Press Ctrl + A to save.

[ Note : Only one Ledger i.e. GST-Inter-State Sale will be created for all type of IGST Sales ]

 
 
Get..Tally.ERP9 Book + GST Assignment @ Rs. 550
 
 

Get..Tally.ERP9 Book + GST Assignment @ `. 550 !

15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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