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Creating Sales and Purchase Ledgers for GST Compliance in Tally.ERP9


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 for both within and outside State Sales, and record all GST details at the stock item or stock group level. You can create a single Purchase Ledger both for within as well as outside State Purchase, similarly.

1. Creating a Sales Ledger: Sales-GST/IGST (both for Local & Outside State)

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

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

Creating Sales and Purchase Ledgers in TallyERP9

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.

Creating Sales and Purchase Ledgers in TallyERP9

6.  Set/alter GST Details - No,

Don’t specify the details in the GST Details because GST Rate specified in all Items will automatically Calculate the CGST and SGST as well as IGST,.

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

Creating Sales and Purchase Ledgers in TallyERP9

8.  Press Ctrl + A to save.

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

2. Creating a Purchase Ledger: Purchase-GST/IGST (both for Local & Outside State)

To Create a Purchase Ledger i.e. GST - Purchase (Local)

  • Follow the steps used for Creating the Sales Ledger i.e. GST-Sales as above.

Creating Sales and Purchase Ledgers in TallyERP9

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

2.   Enter the Name of the Sales ledger i.e. GST-Purchase (Local)

3.   Select Purchase 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.

Creating Sales and Purchase Ledgers in TallyERP9

6.   Set/alter GST Details - No,

Don’t specify the details in the GST Details because GST Rate specified in all Items will automatically Calculate the CGST and SGST as well as IGST.

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

Creating Sales and Purchase Ledgers in TallyERP9

8.   Press Ctrl + A to save.

[ Note : Only one Ledger i.e. GST-Purchase (Local) will be created for all type of GST Purchase within State ]

Do it... Yourself !

Create the following Purchase & Sales Ledgers:


Sales Account:
Sale – GST/IGST

Purchase Account:         
Purchase – GST/IGST


Related Topics....

Account Groups in Tally.ERP9

Ledger (Create / Alter / Delete) in Tally.ERP9

GST Setup (Activation) in Tally.ERP9

Creating GST (CGST/SGST/IGST) Ledger in Tally.ERP9

Creating Party Ledger (Sundry Debtor/ Sundry Creditor) in Tally.ERP9

Creating Sales and Purchase Ledgers for GST Compliance in Tally.ERP9

Creating Service Ledger with GST Compliance in Tally.ERP9

Creation of Rounded off (+/-) Ledger for rounding the Invoice Value automatically in Tally.ERP9

Creating Bank Account Ledgers in Tally.ERP9

Creating Expenses and Income Ledgers without GST Compliance in Tally.ERP9


 

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