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What is GST?

  What is GST?

GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services in India. It replaced multiple indirect taxes like VAT, service tax, excise duty, etc., and is a comprehensive, multi-stage, destination-based tax. GST is divided into three types:


1. CGST (Central GST): Collected by the Central Government on intra-state sales.

2. SGST (State GST): Collected by the State Government on intra-state sales.

3. IGST (Integrated GST): Collected by the Central Government on inter-state sales.



 How to Determine GST in Tally ERP 9


Tally ERP 9 is widely used for accounting and GST compliance in India. Below are the steps to determine and process GST in Tally ERP 9:


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Step 1: Enable GST in Tally ERP 9

1. Open Tally ERP 9.

2. Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation

3. Set Enable Goods and Services Tax (GST) to Yes.

4. Configure other GST-related details like the GSTIN, state, and tax rates.

5. Save the settings.


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Step 2: Create GST Ledgers

1. Go to Gateway of Tally > Accounts Info > Ledgers > Create.

2. Create the following ledgers under Duties & Taxes:

   CGST: Set the tax type to GST and the tax rate as applicable.

   SGST: Set the tax type to GST and the tax rate as applicable.

   IGST: Set the tax type to GST and the tax rate as applicable.

3. Save the ledgers.




 Step 3: Configure GST Rates for Items

1. Go to Gateway of Tally > Inventory Info > Stock Items > Create .

2. Select the item for which you want to configure GST.

3. Under the Taxability  section, set theTax Type to GST. 

4. Enter the HSN/SAC Code and the applicable GST Rate. 

5. Save the item details.




 Step 4: Record Transactions with GST

1. Go to Gateway of Tally > Accounting Vouchers. 

2. Select the appropriate voucher type (e.g., Sales , Purchase , Payment, etc.).

3. Enter the transaction details, including the party name, item, quantity, and rate.

4. Tally will automatically calculate GST based on the configured rates.

5. Verify the GST amounts (CGST, SGST, or IGST) and save the voucher.


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Step 5: Generate GST Reports

1. Go to Gateway of Tally > Display > Statutory Reports > GST

2. You can view various GST reports like:

   - GST Summary : Overview of GST liabilities.

   GST Returns : GSTR-1, GSTR-3B, etc.

   GST Reconciliation: To match books with GST returns.

3. Use these reports to file GST returns on the GST portal.



 Step 6: File GST Returns

1. Export the required GST reports from Tally ERP 9.

2. Upload the data to the GST portal (https://www.gst.gov.in/).

3. File the returns (e.g., GSTR-1, GSTR-3B) as per the due dates.



 Key Points to Remember:

- Ensure that the correct HSN/SAC codes are used for items.

- Regularly update Tally ERP 9 with the latest GST rates and rules.

- Reconcile GST data with books of accounts to avoid discrepancies.


By following these steps, you can efficiently determine and process GST in Tally ERP 9.

Practical Example: Basic Entries for GST. 






































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