GST in Tally.ERP 9

As per my knowledge and as per your demand, I am sharing accounting treatment and voucher entries of GST in Tally.ERP 9. Still, there is need of improvement in this content because GST is new concept and Tally Solution company is busy in developing new software. So, as I will gain new knowledge, I will update this content.

1st Step : Ledger Creation Of Input and Output GST in Tally.ERP 9

GST has divided into main two parts one is State GST ( SGST) and Central GST ( CGST). If goods will be supplied from one state to other state, IGST will apply. So, we will create Input SGST and Input CSGT and Input IGST and Output SGST and Output CGST and Output IGST.

2nd Step : Ledger Creation of Purchase, Sale, Debtors and Creditors and Cash Electronic Register in Tally.ERP 9 

Purchase will be under purchase account. Sales will be under sales account. Debtor will be under Sundry debtors account and creditor will be under Sundry Creditors Account. Cash Electronic Register Account will be decided on the basis of balance of GST, if it is receivable, then this account will be under current asset, otherwise, it will be current liability.

Mr. C is Credior

Mr. B is creditor

3rd Step : Ledger Creation of Expenses

For example, internet bill expenses will be under indirect expenses.

4th Step : Create Stock Item and Unit Measurement 

Just go to Inventory info and create stock item and unit measurement

We will create Note Books because it has 18% which we will show in tally through example.

5th Step : Pass the Voucher Entries of Purchase and Sales and Expenses  with GST in Tally.ERP 9

Intra-state Transactions ( Buyer and Seller in Same State) 

A - Indian Company with GST  buy notebook of Rs. 2,00,000 from Mr. C
A - Indian Company with GST  sold notebook to Mr. B Rs. 1,40,000
He paid Internet Bill of Rs. 2000 ( It is IT and Telecom service ) 
GST is 18% which is divided equal to CGST 9% and 9% SGST

In the Books of A - Indian Company with GST

Voucher Entries of Purchase with GST 



 Voucher Entries of Sales with GST 



Expenses Payment Voucher Entries with GST 




6th Step : Check Net GST Liability or Receivable Credit from GST 

Just go to balance sheet, then go to duty and taxes and then go to monthly report.



Rs. 126 is our current asset because we have paid more GST on purchase goods and services and received less from our customer. So, we have to receive from GST department in our online bank account under cash electronic ledger account. So, following voucher entry will pass

Cash Electronic Register Account Dr. 126
Output CGST Account Dr. 567
Output SGST Account Dr. 567
Input CGST Account Credit 630
Input SGST Account Credit 630


In our balance sheet, Cash Electronic Register Account will show as current asset. 

COMMENTS

Comments on this Website: 4
Loading...
.
Journal Entries MADE Easy eBook
Download Now »

Share above Content to Your Friends



Name

access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting interest international Internet Introduction of Tally 9 inventory investment invoice IT Japan Job costing journal entries Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting otcei pakistan parents pay pal pdf pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching wikipedia working capital youtube
false
ltr
item
Accounting Education: GST in Tally.ERP 9
GST in Tally.ERP 9
https://3.bp.blogspot.com/-A7IZBgM0rtQ/WUO1blaNk1I/AAAAAAAAVWQ/7TMiE6EcbVIEnzl7ef8Za_ow_x_Sv8h4QCEwYBhgL/s640/gst%2Bin%2Btally%2B1.PNG
https://3.bp.blogspot.com/-A7IZBgM0rtQ/WUO1blaNk1I/AAAAAAAAVWQ/7TMiE6EcbVIEnzl7ef8Za_ow_x_Sv8h4QCEwYBhgL/s72-c/gst%2Bin%2Btally%2B1.PNG
Accounting Education
http://www.svtuition.org/2017/06/gst-in-tallyerp-9.html
http://www.svtuition.org/
http://www.svtuition.org/
http://www.svtuition.org/2017/06/gst-in-tallyerp-9.html
true
2410664366776677676
UTF-8
Not found any lecture VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock