Tally Prime Course Notes : GST Ledger and Voucher Entry

Tally Prime with GST Course Notes with Example. Step by Step Guide for GST implementation, create CGST, SGST, IGST ledgers, Sample Purchase and Sales entry with GST. Computer Training Institute Notes with practice assignment PDF is very useful for learners.

GST (Goods and Service Tax)

CGST – Centre Goods and Service Tax
SGST – State Goods and Service Tax
IGST – Integrated Goods and Service Tax

GST Rates slab in India

  1. Nil
  2. 5%
  3. 12%
  4. 18%
  5. 28%

Tally Prime Course Notes with GST : Step by Step Guide

Open New Company : F3 Company >Create Company

Activate GST in Tally Prime

Taxation
Enable Goods and Service Tax (GST): Yes

Tally Prime Course Notes with GST

GST Details State : Uttar Pradesh
Reg Type : Regular
GSTIN                   : 09AABCU9603R1ZL
Periodicity           : Monthly

Accept GST details and Accept Statutory and Taxation

Create GST Ledgers in Tally Prime

Gateway of Tally > Create > Ledgers

CGST
Name : CGST
Under : Duties and Taxes
Type of Tax : GST
Tax Type : Central Tax

SGST
Name :SGST
Under : Duties and Taxes
Type of Tax : GST
Tax Type : State Tax

IGST
Name :IGST
Under : Duties and Taxes
Type of Tax : GST
Tax Type : Integrated Tax

Purchase
Under : Purchase Account
GST Details : Applicable
Type of Supply : Goods

Sales
Under :Sales Account
GST Details : Applicable
Type of Supply : Goods

SBI Bank
Under : Bank Account

Ledger for Purchase Party

Super Computer Store

Under : Sundry Creditors
State : Uttar Pradesh
Reg Type : Regular
GSTIN : 09AABCD1203R1ZL
Set Alt GST details : No

Delhi Computer Traders

Under : Sundry Creditors
State : Delhi
Reg Type : Regular
GSTIN : 09AABCD1203R1ZL
Set Alt GST details : No

Ledger for Sales Party

Sudhir Saini
Under : Sundry Debtors 
Set Alt GST details : No
State : Uttar Pradesh

Sanju Rawat
Under : Sundry Debtors 
Set Alt GST details : No
State : Uttarakhand

Stock Group Creation : Gateway of Tally> Create > Stock Group

Computer Parts
Under : Primary
Set / Alt GST : No

Note: If all the items of a group have same GST rate, than GST rates can be set for groups. But for training purpose, we will set GST rate for each individual  items.

Create Unit : Gateway of Tally> Create > Stock Units

Symbol : Pcs
Name : Pieces

Create Stock Items with GST Rates in Tally Prime

Gateway of Tally> Create > Items

Keyboard –Dell
Under : Computer Parts
Unit : Pcs
GST : Applicable
Set/Alter GST : Yes
Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated : 18%
Type of Supply : Goods

Keyboard – HP
Under : Computer Parts
Unit : Pcs
GST : Applicable
Set/Alter GST : Yes
Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated : 18%
Type of Supply : Goods

Mouse (Normal)
Under : Computer Parts
Unit : Pcs
GST : Applicable
Set/Alter GST : Yes
Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated : 18%
Type of Supply : Goods

Mouse (Cordless)
Under : Computer Parts
Unit : Pcs
GST : Applicable
Set/Alter GST : Yes
Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated : 18%
Type of Supply : Goods

Purchase the Items with GST in Tally Prime

Purchase with in State: CGST and SGST Applicable

Gateway of Tally >  Voucher > F9 (Purchase)
Party Account : Super Computer Store

ItemsQuantityRateAmount
Keyboard – Dell     2 Pcs  220440
Keyboard – HP    1 Pcs   450450
Mouse – Normal    2 Pcs      150300
Mouse – Cordless   1 Pcs     250250
SGST 129.60
CGST       129.60

Enter and Accept:
Our company is Registered in Uttar Pradesh and supplier Super Computer Store is also from Uttar Pradesh (Same State). Therefore, CGST and SGST are applicable.
Screen Shot is shown below:

Purchase from Other State : IGST Applicable

Gateway of Tally >  Voucher > F9 (Purchase)
Party Account : Delhi Computer Traders

ItemsQuantityRateAmount
Keyboard – HP    50 Pcs   40020000
Mouse – Normal  50 Pcs      1407000
Mouse – Cordless   50 Pcs     2501250
IGST 7110.00 
  150 Pcs   46610.00

Our company is Registered in Uttar Pradesh and supplier Delhi Computer Trader is from Delhi (Other State). Therefore, IGST are applicable, in place of SGST and CGST.
Screen Shot is given below:

Sales  the Items: with in State : CGST and SGST Applicable

GOT > Account Voucher > F8 (Sales)
Party Account : Sudhir Saini

ItemsQuantityRateAmount
Keyboard – Dell   2 Pcs  300600
Keyboard – HP    1 Pcs   500500
Mouse – Normal  1 Pcs      300300
Mouse – Cordless   1 Pcs     500500
SGST 171
CGST       171
Tally Prime Course Notes

Sales  the Items: Other State : CGST and SGST Applicable

GOT > Account Voucher > F8 (Sales)
Party Account : Sanju Rawat (Uttarakhand)
Sales Ledger : Sales

ItemsQuantityRateAmount
Keyboard – HP    50 Pcs   50025000
Mouse – Normal  51 Pcs      30015300
Mouse – Cordless   49 Pcs     50024500
IGST   11664
  150 Pcs   76464
Tally Prime Course Notes

Check Reports

Display More Report > Statement of Accounts > Outstanding > Receivable/ Payables
Balance Sheet

Receive Amount against Sale

Gateway of Tally > Voucher > F6 (Receipt)
Account : Cash
Cr Sudhir Saini : 2242
Accept

Account : SBI Bank
Cr Sanju Rawat : 76464
Accept

Make Payment to Supplier

Gateway of Tally > Voucher > F5 (Payment)
Account : Cash
Super Computer Store (Dr): 1699.20
Accept

Account : SBI Bank
Dr Delhi Computer Traders : 76464
Accept

Report
Balance Sheet > Current Liabilities

Duties and Taxes : 4636.80
CGST : 41.40
IGST : 4554.00
 SGST : 41.40

Pay GST and Update in Tally Prime

Gateway of Tally  > Vouchers >Payment (F5)
Change Date F2 – 1.5.2021 ( For Tally training version)

Account  -SBI Bank
CGST :     41.40
SGST :     41.40
IGST :     4554.00
Total : 4636.80
Mode of Payment : Net banking /
Name of Bank : SBI

Tally Prime Course Notes with GST

Check Balance Sheet > Current Liabilities > Duties and Taxes – NIL

Tally Prime Course Notes PDF Download

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