GST (Goods and Service Tax)

CGST - Centre Goods and Service Tax

SGST – State Goods and Service Tax
IGST – Integrated Goods and Service Tax
GST Rates :
1. Nil
2. 5%
3. 12%
4. 18%
5. 28%

Open New Company :

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ACTIVATE GST
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Taxation
Enable Goods and Service Tax (GST): Yes

GST Details
State : Uttar Pradesh
Reg Type : Regular
GSTIN : 09AABCU9603R1ZL
Periodicity : Monthly

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Accept GST details and Accept Statutory and Taxation
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CREATE LEDGERS FOR GST:
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Gateway of Tally > Create > Ledgers
CGST
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Name : CGST
Under : Duties and Taxes
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Type of Tax : GST

Tax Type : Central Tax
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SGST
Name :SGST
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Under : Duties and Taxes

Type of Tax : GST
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Tax Type : State Tax

IGST
Name :IGST
Under : Duties and Taxes
Type of Tax : GST
Tax Type : Integrated Tax
Purchase
Under : Purchase Account
GST Details : Applicable
Type of Supply : Goods

Sales
Under :Sales Account
GST Details : Applicable
Type of Supply : Goods

Super Success Institute Page 55

SBI Bank
Under : Bank Account

LEDGER FOR PURCHASE PARTY

Super Computer Store
Under : Sundry Creditors
State : Uttar Pradesh
Reg Type : Regular
GSTIN : 09AABCD1203R1ZL
Set Alt GST details : No
Delhi Computer Traders
Under : Sundry Creditors
State : Delhi
Reg Type : Regular
GSTIN : 09AABCD1203R1ZL
Set Alt GST details : No

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LEDGER FOR SALES PARTY
Sudhir Saini
Under : Sundry Debtors
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Set Alt GST details : No
State : Uttar Pradesh
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Sanju Rawat
Under : Sundry Debtors
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Set Alt GST details : No

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State : Uttarakhand
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STOCK GROUP CREATION

Gateway of Tally> Create > Stock Group
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Computer Parts
Under : Primary
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Set / Alt GST : No

Note: If all the items of a group have same GST rate, than GST rates can be set for groups. But for
training purpose, we will set GST rate for each individual items.

CREATE UNIT
Symbol : Pcs
Name : Pieces

Super Success Institute Page 56

 CREATE STOCK ITEMS WITH GST
Keyboard –Dell
Under : Computer Parts
Unit : Pcs
GST : Applicable
Set/Alter GST : Yes
Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated : 18%
Type of Supply : Goods
Keyboard – HP
Under : Computer Parts
Unit : Pcs
GST : Applicable
Set/Alter GST : Yes
Calculation Type : On Value
Taxability : Taxable

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Tax Type : Integrated : 18%

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Type of Supply : Goods

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Mouse (Normal)
Under : Computer Parts
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Unit : Pcs
GST : Applicable
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Set/Alter GST : Yes
Calculation Type : On Value
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Taxability : Taxable
Tax Type : Integrated : 18%
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Type of Supply : Goods

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Mouse (Cordless)
Under : Computer Parts
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Unit : Pcs
GST : Applicable
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Set/Alter GST : Yes

Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated : 18%
Type of Supply : Goods

PURCHASE THE ITEMS

Purchase with in State:
Our company is Registered in Uttar Pradesh and supplier Super Computer Store is also from Uttar
Pradesh (Same State). Therefore, CGST and SGST are applicable.
Gateway of Tally > Voucher> F9 (Purchase)
Party Account : Super Computer Store
Keyboard – Dell 2 Pcs 220 440
Keyboard – HP 1 Pcs 450 450
Mouse – Normal 2 Pcs 150 300

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Mouse – Cordless 1 Pcs 250 250
Total 1440
CGST 129.60
SGST 129.60
Enter and Accept

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Check GST :Our company and Purchase Party Super Computer Ltd is registered in same state
(Uttar Pradesh). Therefore, CGST and SGST are shown in the voucher.
Purchase from Other State : IGST Applicable
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Gateway of Tally > Voucher> F9 (Purchase)

Party Account : Delhi Computer Traders
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Keyboard – HP 50 Pcs 400 20000

Mouse – Normal 50 Pcs 140 7000
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Mouse – Cordless 50 Pcs 250 1250

Total 39500
IGST 7110.00
150 Pcs 46610.00
Enter and Accept

Super Success Institute Page 58

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Check Balance Sheet > Current Liabilities > Duties and Taxes
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Sales the Items: With in State : CGST and SGST Applicable
GOT > Account Voucher > F8 (Sales)
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Party Account :SudhirSaini

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Sales Ledger : Sales

Keyboard – Dell 2 Pcs 300 600
Keyboard – HP 1 Pcs 500 500
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Mouse – Normal 1 Pcs 300 300

Mouse – Wireless 1 Pcs 500 500
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Total 1900
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CGST 171
SGST 171

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SALES THE ITEMS: OTHER STATE : CGST AND SGST APPLICABLE
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GOT > Account Voucher > F8 (Sales)

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Party Account :Sanju Rawat (Uttarakhand)

Sales Ledger : Sales
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Keyboard – HP 50 Pcs 500 25000

Mouse – Normal 51 Pcs 300 15300
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Mouse – Wireless 49 Pcs 500 24500

Total 64800
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IGST 11664
Total 76464
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Check Reports
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Display More Report > Statement of Accounts > Outstanding > Receivable/ Payables
Balance Sheet
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RECEIVE AMOUNT AGAINST SALE

Gateway of Tally > Voucher > F6 (Receipt)
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Account : Cash
Cr Sudhir Saini 2242
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Accept
Account : SBI Bank
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Cr Sanju Rawat 76464

Accept
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MAKE PAYMENT TO SUPPLIER

Gateway of Tally > Voucher > F5 (Payment)
Account : Cash
Super Computer Store (Dr) 1699.20
Accept
Account : SBI Bank
Dr Delhi Computer Traders 76464
Accept

Report
Balance Sheet > Current Liabilities
Duties and Taxes : 4636.80
CGST : 41.40

Super Success Institute Page 61

IGST : 4554.00
SGST : 41.40

Pay GST and Update in Tally Prime

Gateway of Tally >Vouchers >Payment (F5)
Change Date F2 – 1.5.2021 ( For Tally training version)
Account -SBI Bank
Dr CGST : 41.40
Dr SGST : 41.40
Dr IGST : 4554.00
4636.80
Mode of Payment : Net banking
Name of Bank : SBI

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