https://help.tallysolutions.com/docs/te9rel64/Tax_India/gst/creating_party_ledgers_for_gst.htm

Creating Party Ledgers for GST

You can create party ledgers with whom you purchase and sell goods and services, with the GST registration details.

You can create supplier Ledger , customer Ledger and enter the GSTIN/UIN based on the party type .

You can set GST rates in the ledger grouped under non-revenue accounts, for example, Current Assets and Current Liabilities . If you have created the party ledgers under groups other than Sundry debtors, Sundry creditors, Bank, Cash, and Branch/divisions:

Open the ledger in alteration mode.

Set the option Is GST Applicable? to Not Applicable , to consider it as a party ledger.

Accept the ledger.

To create a supplier ledger

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

2. Enter the Name of the supplier's ledger.

3. Select Sundry Creditors from the List of Groups in the Under field.

4. Set the option Maintain balances bill-by-bill? to Yes .

5. Enter the Default credit period , if any.

6. Set the option Inventory values are affected? to Yes , if required.

7. Select the party Registration type , and enter the GSTIN/UIN .

8. Enable the option Set/Alter GST Details? to open the GST Details screen.

o Set the option Assessee of Other Territory? to Yes if the party is belongs to Exclusive Economic Zone (other territory).

o If the supplier is an e-commerce operator, then enable the option Is e-commerce operator?

The GST Details screen appears as shown below:

o Press Ctrl+A to accept.

The Ledger Creation screen appears as shown below:

9. Press Enter to save.

To create a customer ledger

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

2. Enter the Name of the customer's ledger.

3. Select Sundry Debtors from the List of Groups in the Under field.

4. Set the option Maintain balances bill-by-bill? to Yes .

5. Enter the Default credit period , if any.

6. Select the party Registration type , and enter the GSTIN/UIN .

7. Enable the option Set/Alter GST Details? to open the GST Details screen.

o Set the option Assessee of Other Territory? to Yes if the party is belongs to Exclusive Economic Zone (other territory).

o If the supplier is an e-commerce operator, then enable the option Behave as e-Commerce Operator?

The GST Details screen appears as shown below:

o Press Ctrl+A to accept.

The Ledger Creation screen appears as shown below:

GSTIN/UIN Format

For each party type, the format of GSTIN/UIN is supported as per the format prescribed by the GSTN.

Based on the party type, the warning message appears on entering incorrect format of GSTIN/UIN in the GST Details screen of the party ledger.

On selecting Not Applicable , Deemed Export and SEZ , the warning message appears as shown below:

On selecting Embassy/UN Body , the warning message appears as shown below:

On selecting Government Entity , the warning message appears as shown below: