GST Setup Using Tally.ERP 9

Simplest way to learn GST in Tally.ERP9

GST Setup Using Tally.ERP9 for GST

Activating GST in Tally.ERP9 for your Company

To use Tally.ERP 9 for GST compliance, you need to activate the GST feature. Once activated, GST-related features are available in ledgers, stock items, and transactions, and GST returns can be generated

Providing GST-Related information in GST Screen in Tally.ERP9

You can specify all GST-related information relating to your business in the GST Details screen. This screen can be configured to enable further options which will allow you to enter your GST information in detail.

Updating Stock Items and Stock Groups for GST in Tally.ERP9

(If the items you sell have different tax rates, update your stock item masters or stock groups with the applicable GST rates, and select the type of supply, as applicable. )

Update GST Details of Service Ledger for Service Items in Tally.ERP9

To update taxes and other GST details for your service items, you need to modify your service ledgers.

Creating Purchase Ledgers for GST in Tally.ERP9

Creating Sales Ledgers for GST in Tally.ERP9

Updating Party GSTIN/UIN Groupwise in Tally.ERP9

Quickly update the GSTIN/UIN details for your parties group-wise from the Update Party GSTIN/UIN report.

Creating Customer & Suppliers Ledgers for GST in Tally.ERP9

You need to create party ledgers to record business transactions with various parties such as suppliers, customers, and so on.

Creating GST Tax Ledgers ( CGST. SGST, IGST ) in Tally.ERP9

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.

Creating Expense and Income Ledgers in GST Invoice in Tally.ERP9

Supply of goods or rendering of services may involve additional expenses, which can either form part of stock items or service value, or can be charged separately.

Map of Unit Of Measurement (UoM) to the UQC in Tally.ERP9

Unit Quantity Code (UQC) is a uniform measuring unit used by the department for measuring quantity in the returns filed. UQCs are used to maintain consistency and prevent variations in quantities in the returns filed by different businesses. This requires the businesses to measure the quantities of items using the UQC from the list given by the department.

Setting Up GST Rates for stock groups and stock items in Tally.ERP9

Quickly set up GST rates for your company, stock item-wise or stock group-wise, using the GST Rate Setup option. You must enable GST in your company to provide GST rates. You can set up GST rates at the company level, stock group level, stock item level, ledger group level, and ledger level. You can also set the GST rates for a particular price range/slab for multiple stock items

Managing HSN Codes/SAC and Tax Rates in Tally.ERP9

You can specify HSN code/SAC details and tax rates at different levels for the goods or services provided by your business. This is a flexibility provided for ease of use to accommodate your business needs.