In case of Service oriented Business like…Chartered Accountant, Lawyer, Advertising Agency, Consultant, Architectures etc.. they provide Service to the customer and provide Bill / Invoice with GST Compliance. So in this case, Tally.ERP9 provides Accounting Invoice with auto GST Calculations, provided all Service Ledgers has to be created with GST Rate ( as applicable).
Create a Ledger – Audit Free with GST 28%
Create a Ledger, ‘Audit Fee’ under Direct Income with GST Applicable and Set/Alter GST Details – YES , with Type of Supply – Service as per screen below:
1. Set/alter GST Details - Yes , specify the details in the GST Details screen below, and save.
Nature of transaction : Select Sales Taxable from the Natures of Transactions List as above.
[Select Sales Exempt , if the type of supply is exempted from tax under GST, or select Sales Nil Rated , if the tax rate applicable to the type of supply is 0% under GST.]
To specify further GST-related details , click F12: Configure .
2. Type of supply - Services .
3. Press Ctrl + A to save.
Create the following Service Ledger under Direct Income with GST Compliance :
Service Charges (12%)
Installation Charges (5%)
AMC Charges (15%)
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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