222

$show=home

Welcome to Accounting Education

The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home

Latest $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Journal Entries $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Balance Sheet $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

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

: 4
  1. sir u r consedering only normal,sales and purchase ,,,please give examples on reverse charge basis also ,,and acconts to be maintained

    ReplyDelete
In comment, you can give your feedback, reviews, ideas for improving content or ask question relating to written content.

 


Name

access,2,account,86,accountant,95,Accounting,685,accounting definitions,99,accounting ebook,3,Accounting education,85,Accounting Education Ads Help,1,accounting procedure,2,accounting process outsourcing,2,Accounting Software,52,advance,3,advertising,6,africa,7,Amalgamation,6,amendments,16,Amortization,1,announcements,62,Annuity,2,assets,53,audit,47,auditing,41,Australia,2,B.Com.,22,balance sheet,88,bank,111,Bank reconciliation,12,banking,33,basic accounting,110,BBA,1,benefits,13,best,50,bill,12,black money,3,blog,12,bloggers,7,book keeping,4,bookkeeping,3,Branch Accounting - full tutorial,8,budget,35,Budget variance,13,business,65,businessman,9,CA,30,calculator,4,canada,3,capital,72,capital budgeting,27,career,21,cash,40,cash book,8,cash flow statement,11,Chiense,1,children,13,china,6,class,3,coaching,2,coins,2,college,6,commerce,10,commerce students,7,company,36,computer,9,computer accounting,1,conference,4,Contact vinod kumar,1,Control Your Spending,27,corporate accounting,69,cost,160,cost accounting,195,cost center,8,cost centre,1,CPA,2,credit,18,credit card,11,cs,10,currency,35,data,11,Debit and credit,17,debit cards,1,debt,62,debtor,21,degree,6,depletion,2,depreciation,38,Diwali Messages,12,documents,4,dollar,5,domain,3,Downloads,3,Dubai,1,e-accounting,17,earning,17,education,246,Education Loans,6,email,15,employee,4,EPF,2,ERP,7,euromoney,1,examination,7,excel,17,excise duty,6,expenses,65,facebook,7,factor of loan,1,fans,2,feature,32,fifo,5,FII,4,fiji,1,finacle,1,finance,823,Finance Journal Entries,6,Financial,134,financial accounting,147,Financial Statements,4,fire insurance,3,flickr,2,flow,4,forensic,4,forex,21,formula,8,france,1,fraud,6,free,2,fun,34,function,1,fund,48,GAAP,36,GDP,1,gdr,5,germany,1,gold,7,goodwill,4,goodwill accounting,3,google,34,google apps,3,google apps,1,google base,1,google buzz,1,google calendar,1,Google docs,38,google finance,3,google fusion tables,1,google talk,5,govt.,5,GST,33,guide,85,health,6,Hindi,2,Hindi Language,3,history,3,holding company,3,How to treat FBT in Tally 9,1,HRA,3,ICAI,11,ICAWI,3,ICICI Bank,1,IFRS,11,income,17,income statement,19,Income Tax,8,India,57,indian railway,1,Indonesia,1,inflation,4,inflation accounting,3,infographics,8,information,7,inspiration,176,insurance,14,insurance accounting,2,Intangible,3,interest,26,international,7,Internet,40,Introduction of Tally 9,1,inventory,41,investment,135,investment in Shares,6,invoice,3,IT,1,Japan,1,Job costing,4,journal entries,144,Journal Entries eBook Help,4,Kalculate,1,keyboard,3,kuwait,2,laptop,2,law,4,LBT,1,learning,36,lease,5,lecture,11,ledger,17,leducation,1,Leverage Analysis,7,liabilities,16,lifo,3,linkedin,1,loan,74,logical point,1,loss,5,loss of profit,1,M.Com.,5,m.phil,2,malaysia,3,management accounting,129,manual accounting,4,manufacturing account,1,market,11,marketing,3,mastercard,2,material,13,MBA,14,MCA,1,media,4,migration,2,mobile,9,money,61,ms word,3,ms. excel,14,multi currency in tally 9,1,Multicurrency Accounting,3,mutual fund,30,national security,1,new and sacrifice ratio,1,new york times,1,new zealand,1,news,1,NGO,5,nonprofit-accounting,6,North Georgia Mountains,1,Notification,1,NPV,17,NSE,1,odbc,2,office,10,oman,1,online application,2,online accounting,11,Online Accounting Course,6,otcei,1,pakistan,3,parents,3,Partnership,1,pay pal,3,pdf,4,Personal Finance,6,pie chart,1,pie chart of income,2,pnb,5,podcast,1,ppf,1,presentation,10,price,7,privacy policy,2,prof. vinod kumar,13,profit,24,profit and loss account,12,project management,11,provision,14,purchase,9,puzzles,2,quickbooks,3,Quote,22,quotes,42,quotes of svtuition,1,rating agency,2,ratio analysis,34,RBI,7,readers,13,real estate,13,rectification of errors,11,remote control,2,reports,10,reserves,8,responsibility accounting,4,retirement,2,revenue,3,Revenue reserves,2,review,7,risk,11,rupees,9,salary,5,sale,12,SAP,3,saudi arabia,1,saving,19,sbi,9,scholarship,2,school,1,SEBI,13,security,30,service tax,23,share,20,share trading,15,Shares,16,shri lanka,3,singapore,2,sms,6,social accounting,7,society,5,solution,219,South Africa,1,stock,24,stock exchange,22,structure,6,student,39,students,70,study,21,subsidiary company,2,svtuition,14,swiss bank,2,tally,100,tally 9,8,Tally 7.2,8,Tally 9,42,Tally.ERP 9,59,TallyPrime,1,tanzania,2,tax,94,Tax Accounting,30,TDS,15,teacher,62,teaching,112,technology,33,test,40,testimonial,15,testimonials,15,thailand,1,tips,60,trading,5,trading on equity,2,transaction,7,trend,12,trial balance,14,truthfulness,1,tuition,3,twitter,10,UAE,5,UGC - NET Commerce,13,UK,11,United Arab Emirates,1,university,9,usa,25,valuation,9,VAT,22,Video,36,Voucher and vouching,4,Wealth,8,wikipedia,25,working capital,29,youtube,14,
ltr
item
Accounting Education: GST in Tally.ERP 9
GST in Tally.ERP 9
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoKhSfrfCKs4tbjlm66dl9ReO_u7-Jlhxyk9vymTKUIQFbtF_4pL6fIR88tA1Z6RSTXWDOzpynyqTW4-32sT4kG_VMPxPEz6vl_EKs7T9_qT3SSTh3JRIRRiROwJ8GzjihXEYNWKhyphenhyphen2Wo/s640/gst+in+tally+1.PNG
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoKhSfrfCKs4tbjlm66dl9ReO_u7-Jlhxyk9vymTKUIQFbtF_4pL6fIR88tA1Z6RSTXWDOzpynyqTW4-32sT4kG_VMPxPEz6vl_EKs7T9_qT3SSTh3JRIRRiROwJ8GzjihXEYNWKhyphenhyphen2Wo/s72-c/gst+in+tally+1.PNG
Accounting Education
https://www.svtuition.org/2017/06/gst-in-tallyerp-9.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2017/06/gst-in-tallyerp-9.html
true
2410664366776677676
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request 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 PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy