How to Set price List in Tally Erp9 #how to enable price list

 What is GST?         #GST Entry in Tally           #GST  #Tally 

 

ð  How to activate GST in Tally

Steps:-

                                        i.            Got

                                        ii.            Press f11

                                       iii.            Click on statutory taxation (f3)

                                       iv.            Enable Good & service tax (GST) yes

                                       v.            Set/ alter GST details – yes

                                       vi.            States

                                       vii.            Regular

ð  Components of GST

CGST – Levied by the center

SGST -  Levied by the state

IGST - Levied by the center

                State concurrently

Intra – state sale

1.       Intra state sale are local sales or sales with in state

2.       For eg. I am a doing business in Bihar and I am selling goods (with 18% GST) to the customer

Who is also  in Bihar then it called local sales or Intra state sales

GST on intra – state sales

Invoice	Amount
Item 1 Item 2 Subtotal CGST9% SGST9%	6000 4000 10000 900 900
Invoice	11800

 

Inter – state Sales

1.       Intra state sales are transaction between tow states

2.       For eg. I am doing business in Gujarat and I am selling goods (with 18% GST)to the customer

who is in Maharashtra  then it is called inter – state sales.

ð GST On intra – state sales

Invoice	Amount
Item1 Item2 subtotal	6000 4000 10000
IGST	1800
Invoice	11800

ð  How to create GST master in tally

Ledger Name	Under Group
Purchase	Purchase
Sales	Sales
CGST	Duties & Taxes
SGST	Duties & Taxes
IGST	Duties & Taxes

·         How to update Party GST Details :-

Update GST Number:-

1.      Update existing party’s GST number

2.      Create new party with GST number

a)      Sita Ltd. (24AGTPH2667HI8I4) U/N -Debtor’s

b)     Geeta ltd. (24AGTPH2067HI8IJ4) N/G – Creditor’s

 

Step 1. Got

          2. Go to display

          3. Statuary Repot

                 4. GST

                 5. Update party GST

                 6. Sundry Creditor

                 7. All item

                 8. To type GST number

ð  GST Rates on Inventory

Define Tax Rate in inventory

                              i.            Update existing Inventory  with GST rate

                            ii.            Create New Inventories

Inventory	Stock Group	GST
Pepsi	Cold drink	28%
Cock	Cold drink	28%
Printers	Hardware	18%
CCTV Camera	Hardware	18%

 

ð  Purchase in GST

Purchase Entries in Tally

                           i.            Purchased 100ltr. Of Pepsi from Sita ltd (Bihar – Same state )

For Rs. 30/ letter on 1^st July.

                         ii.            Purchased 20pcs of CCTV Camera from Abhinav ltd (maharastra –GST No. 29AGTPA2786HIU5)                       

Rs. 800 each on 2^nd July .

ð  Sale in GST

Sale in entries in Tally

1)        Sold 90ltr of Pepsi to Geeta ltd (Gujrat same state ) for Rs. 50/ ltr on 4^th July

2)        Sold 15pcs of CCTV Camera to Vibhu ltd (Bihar – GST No. 29AGSTPR496Z503) For

Rs. 1600 each on 6^th July .

Example of GST SHOP BILL ON TALLY