Tax Ledgers should be created under Duties and Taxes group which contains all tax accounts like GST, and other trade taxes and total liability.
To account for the different taxes to be paid under GST (central tax, state tax, union territory tax, integrated tax, and cess), you have to create a tax ledger for each tax type.
The following GST Ledgers will be created :
i. SGST [ State Tax for both Purchase and Sale within State ]
ii. CGST [ Central Tax for both Purchase and Sale within State ]
iii. IGST [ Integrated Tax for both Purchase and Sale Outside State]
To create ‘SGST’ ledger:
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. In Under, select Duties & Taxes.
3. Select GST as the Type of duty/tax.
4. Select State Tax as the Tax type.
Note : Percentage of Calculation should be 0% ( Don’t Change ) due to multiple Tax Rate
Similarly, you can create ledgers CGST & IGST by selecting the relevant Tax type under GST.
For CGST Ledger :
For IGST Ledger :
Create the following GST Ledgers :
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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