T his topic will take you through an end-to-end experience of how Tally.ERP 9 will help you comply with GST.
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Requirement |
Action |
Recommendation |
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If you are a Tally user |
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If you are not an existing Tally user |
Install and activate Tally.ERP 9 |
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To start using Tally.ERP 9 Release 6 for GST |
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e-Way Bill to transport goods |
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Regular Dealer |
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To set GST details in masters |
Refer Providing GST Details for details on how tax rates are used. |
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To prepare your ledgers for GST transactions |
Create GST Classification to easily set GST details. |
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Apart from GST, if your business need not comply with other taxes anymore |
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To claim opening tax credit from VAT |
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To record purchases under GST |
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Restart voucher numbering to ensure that unique voucher numbers are used for all your vouchers. |
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To record import of goods under GST |
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To account for purchases with reverse charge |
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To record purchase returns under GST |
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To record sales under GST |
Restart voucher numbering to ensure that unique voucher numbers are used for all your vouchers. |
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Record all types of GST sales such as nil rated, exempt, SEZ, deemed export, and consumer sales |
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To record the GST sales of goods and services in a single invoice, where one of the items is the principal supply |
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To record the GST sales of multiple items as part of a single bundled package |
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To record export sales under GST |
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To record sales returns under GST |
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To record transactions with Kerala Flood Cess |
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To record change in assessable value |
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To record payments and receipts under GST |
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Advance payment to the supplier in case of reverse chargeable transactions |
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To record adjustments entries under GST |
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Liability for interest, penalty, late fee, and other dues in GST |
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Generating GSTR-1 report |
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To file monthly returns on outward supplies |
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To view vouchers excluded from GSTR-1 returns |
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To view GSTR-1 details in the format given by the department |
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To mark information of outward supplies in your books as reconciled with the data on the GST portal |
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To view the description of data captured in GSTR-1 e-return |
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Generating GSTR-3B report |
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To view the GSTR-3B report |
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To file returns on inward and outward supplies |
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To view vouchers excluded from GSTR-3B returns |
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GST Annual Computation |
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To view GST Annual Computation |
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Other Reports |
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HSN/SAC Summary and Challan Reconciliation reports |
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To view the details of HSN/SAC-wise taxable value and tax amount that needs to be filed along GST returns |
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To view all the GST payment vouchers and other liabilities that were recorded |
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FAQ |
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Frequently asked questions |
GST not getting calculated automatically GST not getting calculated on few slab rates FAQ - Masters for Jammu & Kashmir and Ladakh |
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Composition Dealer |
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Set up composition rates |
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Prepare your ledgers and stock items for GST composition transactions |
Stock Item |
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Sales ledger |
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Purchase ledger |
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Party ledger |
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GST ledger |
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Expense or income ledger |
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Discount ledger |
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Record transactions |
Local purchase - Goods |
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Local Purchase - Services |
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Interstate Purchases |
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Purchase of services under reverse charge |
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Purchase of services with discount |
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GST composition returns |
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