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 ]

 
 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
Disclaimer :

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :

Tally,Tally GST,TallyERP9 GST, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

SWAYAM EDUCATION
Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738
Get Updated ...