Gst in tally

Brief about how GST work in tally.

1. GST in Tally With Tally.ERP 9

2. It is a accounting software. The software handles accounting, inventory management, tax management, payroll. Tally's  main product is its enterprise resource planning software called  Tally . ERP 9  with single and multi-user licences. What is TALLY.ERP 9 ?

3. GST  GOODS AND SERVICES TAX. It has replaced VAT, CST and Service Tax and instead there is only one tax in GST . The main advantage of GST is a single taxation system. There are three types of GST that are IGST, CGST, SGST/UTGST. What Is GST ?

4. Create a company in tally or select existing one by regular options. Press F11 for company features. Go to Statutory and taxation. Enable GST by typing ‘Yes’. Also type ‘Yes’ in ‘set/alter GST details’. Then you will get following window. GST Settings

5. PATH : F11  Statutory & Taxation Fill all the data regarding GST in above window.

6. Mandatory because of three types of GST. While Creating Debtor – Select State And Country

7. For debtors & creditors – Select Registration Type

8. Tally Takes care of GSTN Format

9. Wrong Code It Pops Up

10. Select Party Type

11. No Need to Have Separate tax ledger for Input and Output. But Suggested to have better control in accounts. Must have 3 Ledgers That are IGST, CGST, SGST/UTGST. Created under Duties & Taxes. GST Tax Ledger

12. Same for IGST and SGST/UTGST. For IGST percent will become double.

13. There are various method. At creation of company. At Purchase / Sales Ledger. At stock group level. At stock item level. Where To Activate GST Rates

14. Details of GST for stock items

15. Voucher Entry

16. There are three types of reports. GSTR 1 GSTR 2 GSTR 3B GST Reports

17. Report GSTR- 1

18. Report GSTR- 2

19. Report GSTR- 3B

20. Thank You By Sumit P. Muley