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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 ]

 
 
 
GST Topics Using Tally.ERP9
Introduction To GST ( IGST , CGST, SGST) Calculation Of GST ( IGST, CGST & SGST)
 Acticating GST for your Company in Tally.ERP9 Updating Stock Items and Stock Groups for GST Compliance in Tally.ERP9
Setting Up GST Rates (Stock Group-wise) in Tally.ERP9 Setting MRP Details (If require) of Stock Items in Tally.ERP9
Mapping UoM (Unit Of Measurement) to UQC (Unique Quantity Code) in Tally.ERP9 Creating Sales and Purchase Ledgers for GST Compliance in TallyERP9
Restarting Sales Voucher Numbering for GST Transactions in Tally.ERP9 Updating Party GSTIN/UIN Details in Tally.ERP9
Creating GST Ledgers - CGST-SGST-IGST (Central Tax, State Tax, Union Territory Tax, Integrated Tax, and Cess) in Tally.ERP9 Creating Party Ledgers such as Suppliers, Customers and so on for GST in Tally.ERP9
Recording Local Purchase (within State) under GST in Tally.ERP9 Recording Inter-State Purchase (Outside State) under GST in Tally.ERP9
Recording Local GST Sales (within State) and Printing Invoices in Tally.ERP9 Recording IGST-Inter-State Sales (Outside Sale) and Printing Invoices in Tally.ERP9
Sale of Goods and Services in a Single Invoice under GST in Tally.ERP9 Ledgers for any Indirect Expenses or Income like… Discount on Sale, Packing Charges etc. can be created and to be included in GST Sale Invoice under Tally.ERP9
Generate GSTR-1 Return / Reports Under Tally.ERP 9 Returns Summary of GSTR-1 Report in Tally.ERP9
Exporting GSTR-1 In Tally.Erp9 Generate GSTR-2 Reports under Tally.ERP9
Returns Summary of GSTR-2 Report in Tally.ERP9 Generating Form GSTR-3B in Tally.ERP9
Challan Reconciliation Report for GST Payments in Tally.ERP9 Transferring Tax Credits of VAT, Excise, and Service Tax to GST in Tally.ERP9
'Nil-Rated Sales’ on GST in Tally.ERP9 'Exempt Sales’ on GST in Tally.ERP9
Adjustment & Set-Off The Liability Of GST (Tax) Credit in Tally.ERP9 Recording Journal Vouchers for Interest, Penalty, Late Fee and Other Dues in GST in Tally.ERP9
Filing GSTR-3B Report from Tally.ERP9 in Govt. GST Portal Making Payments towards GSTR-3B Report from Tally.ERP9 in Govt. GST Portal
 
 
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
Tally.ERP9 Report
  1. Unit Objectives
  2. Modifying Reports (Options)
  3. Balance Sheet
  4. Profit & Loss Account
  5. Stock Summary
  6. Trial Balance
  7. Day Book
  8. Books of Accounts
  9. Statement of Accounts
  10. Inventory Books
  11. Statutory Reports
  12. List of Accounts ( Chart of Accounts)
  13. Exception Reports
  14. Printing Reports
 
Tally.ERP9 MIS and Other Reports
 
Statutory & Taxation
Utilities & Others @ Tally.ERP9
Credit Limits
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)
 

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GETTINGS STARTED @ Tally.ERP 9
QUESTIONS BASE @ Tally.ERP 9
REPORT GENERATES @ Tally.ERP 9
TIPS & TRICKS @ Tally.ERP9 GST for Tally.ERP9
1 > Financial Statement Report 1 > Tips & Tricks @ Tally.ERP 9 1 >Introduction to GST ( IGST . CGST, SGST )
2 > Accounts Book & Register Report 2 > FAQ's @ Tally.ERP 9 2 >Calculation of GST ( IGST, CGST & SGST)
3 > Stock Register / Reports 3 > Short Cut Keys @ Tally.ERP 9 3 > GST on Tally.ERP 9 ( With Practical Assignment )
4 > Job Costing Reports 4 > Tips-Weekly Refresher @ Tally.ERP9 4 > Generate GSTR-1 Returns / Reports under Tally.ERP9
5 > Pay Roll Register Reports   5> Status Reconciliation (GSTR-1)
6 > Point of Sale Register Reports   6 > Challan Reconciliation Report for GST Payments
     
  8 > Excise - Manufacturer      
  9 > Technology / Utilities      
 
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