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Updating Sales and Purchase Ledgers for GST Compliance using TallyERP9

If many items you sell have the same tax rate, specify the tax rate and other GST details in your sales ledger. Similarly, if the items you purchase have the same tax rates, update your purchase ledger.

If you sell items with multiple tax rates, you can still maintain a single sales ledger, and record all GST details at the stock item or stock item or stock group level. You can create a single purchase ledger similarly.

The HSN details, tax rate, and type of supply selected in sales and purchase ledger will be applicable to all items or services selected in a transaction where these ledgers are applied. The GST details and type of supply configuration in the stock items will be overridden in the transaction with the details configured in the sales/purchase ledger.

Updating a Sales Ledger

Updating a Purchase Ledger

Updating a Sales Ledger

To update a sales ledger

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Alter > select the sales ledger.

2.    Is GST Applicable - Applicable.

3.    Set/alter GST Details - Yes, specify the details in the GST Details screen, and save. Alternatively, you can use a classification to use the tax details defined in the classification.

Taxability: Select Taxable, if sales ledger is used for supply of goods and services that are classified as taxable under GST. Select Exempt, if it is used for sale of type of supply that is exempted from tax under GST, or select Nil Rated, if it is used for sale of goods or services that attract 0% tax rate under GST.

To view the history of tax rate changes, press Alt + L.

To specify further GST-related details, click F12: Configure.

4.    Select the Type of supply. By default the type of supply is set to Goods.

5.    Press Ctrl + A to save.

Updating a Purchase Ledger

To create a purchase ledger

     Follow the steps used for updating the sales ledger, with the nature of transaction and rates for purchase.

 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
GST in Tally.ERP9
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