3/9/2023 0 Comments Tally assignments for practice![]() There are many accounting vouchers in Tally such as Payment, Receipt, Contra, Sales, Purchase, etc. Select the appropriate group to which such ledger belongs for example state tax under duties and taxes group.Įnter the other related information required and press Y or Enter to accept and save.Īfter creating ledgers we can proceed with preparing Accounting entries in Tally ERP 9. Go to Gateway of Tally > Accounts Info > Ledgers > CreateĬreate ledgers such as Purchase, Sales, State GST, Central, Integrated GST, Stock item names etc. ![]() ![]() This will display another screen where you can set GST details of the company such as the state in which the company is registered, registration type, GSTIN number etc.Īfter creating a company and activating GST features, you need to create ledgers that will enable you to pass accounting entries in Tally ERP 9. Enable goods and service tax (GST): Yes.In the screen you will find the following options :. Go to Gateway of Tally > F11: Features > F3 : Statutory & Taxation To enable GST features in Tally Step 1 :. In the Financial Year from, the first day of the current financial year for e.g., 1-4-2018 will be displayed by default, which can be changed as per requirement.Įnter the Tally Vault Password if required. In the ‘maintain field’, select Accounts Only or Accounts with Inventory as per the company requirements. Go to Gateway of Tally > Alt + F3 > Create CompanyĮnter the basic information, i.e., name, mailing name and address of the company, currency symbol etc. Let’s discuss the above in detail To create a company in Tally Step 1 :. In order to use Tally, following steps must be followed To create a company in Tally Watch video on how to set GST details in TallyPrime Now that you have a basic understanding of how GST works, we can go ahead to understand the working of GST in Tally along with its accounting and calculation. Also, take a look at a list of how-to videos on TallyPrime ![]() Read ' 5 Things in TallyPrime for Enhanced Business Efficiency to know how TallyPrime helps your business. You can multitask without losing the progress, navigate and discover the product much easier, invoice with amazing simplicity and much more to delight you. Simplicity, speed, flexibility, and reliability are a trademark of Tally products and with TallyPrime you will experience them at a whole new level. Update: TallyPrime is the latest version of Tally. But when you sell something outside a state, 100% of it will be IGST which will go to the Central Government. IGST – Integrated GST – Applies to sales outside the state – goes to Central Governmentįor example, if you sell something within the state, 50% of the GST will be CGST and 50% of the GST will be SGST.SGST – State GST – Applies to sales within the state – goes to State Government.CGST – Central GST – Applies to sales within the state – goes to Central Government. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |