The GST Annual Computation report provides you with a brief view of business transactions recorded during the financial year. The Tax Liability and Input Credit from all the vouchers included in the annual computation is displayed here along HSN/SAC details for outward and inward supplies.
GST on Reverse Charge is levied if there is intra State supply of goods or services or both by an unregistered supplier to a registered person and the value exceed Rs 5000 in a day.
To use TallyPrime for GST compliance, you need to activate the GST feature. Once activated, GST-related features are available in ledgers, stock items, and transactions, and GST returns can be generated.
GSTR-2 report includes the details of all inward supplies (Purchase) made in the given period.
TallyPrime provides GSTR-1 Reports very smoothly with 100% accuracy.
GSTR -3B must be filed by everyone who has registered for GST. In TallyPrime, you can view GSTR-3B in the report format with tax computation details. Also you can generate GSTR-3B, export the data in the JSON format, and upload it to the portal to file the returns.
Setting GST Details in Stock Item, Setting MRP Details and Setting ‘Nil-Rated’ , ‘Exempted’, ‘Zero Rated’ & ‘ Non-GST’ Items & Goods using TallyPrime
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