|
Related topics |
To use Tally.ERP 9 for GST compliance, you need to activate the GST feature. Once activated, GST-related features are available in ledgers, stock items, and transactions, and GST returns can be generated.
On this page
● Activate GST for Regular Dealers
● Activate GST for Composition Dealers
Activate GST for Regular Dealers
1. Open the company for which you need to activate GST.
2. Press F11 > F3 .
3. Enable Goods and Services Tax (GST) - Yes .
4. Set/alter GST details - Yes . The GST Details screen is shown.
o State - shows the state as the company details. This helps in identifying local and interstate transactions according to the party's state. If you change the state here, the company details will get updated.
5. Set the Registration type as Regular .
6. Set the option Assessee of Other Territory to Yes , if your business unit in located in the Exclusive Economic Zone (other territory).
7. Specify the GSTIN/UIN for the business. This can be printed in the invoices as required. You can specify this later.
8. Specify Applicable from date. GST will be applicable for your transactions from this date onwards.
9. Select the Periodicity of GSTR1 as Monthly or Quarterly , based on your business turnover.
10. The option e-Way Bill applicable is set to Yes , with the Applicable from date and Threshold limit .
11. Select the value to be considered for e-Way Bill for the option Threshold limit includes .
12. Set the option Applicable for intrastate to Yes , if it applies to your State and enter the Threshold limit .
13. Set the option Enable tax liability on advance receipts to Yes to activate calculation of tax liability on advance receipts. This options is disabled by default. (Applicable from Release 6.1.1 )
14. Set the option Enable tax liability on reverse charge (Purchase from unregistered dealer) to Yes to activate calculation of tax liability for reverse charge on URD purchases. This option is disabled by default.
15. Enable the option Set/alter GST rate details? to enter the GST details at the company level.
16. Set the option Enable GST Classification? to Yes, to create and use the classifications in GST Details screen of masters.
17. Set the option Provide LUT/Bond details? to Yes, to enter the LUT/Bond No. , and Validity period.
18. Press Enter to save.
Activate GST for Composition Dealers
1. Open the company for which you need to activate GST.
2. Press F11 > F3 .
3. Enable Goods and Services Tax (GST) - Yes .
4. Set/alter GST details - Yes . The GST Details screen is shown.
o State - shows the state as the company details. This helps in identifying local and interstate transactions according to the party's state. If you change the state here, the company details will get updated.
5. Set the Registration type as Composition .
6. Set the option Assessee of Other Territory to Yes , if your business unit in located in the Exclusive Economic Zone (other territory).
7. Specify the GSTIN/UIN for the business. This can be printed in the invoices as required. You can specify this later.
8. Specify Applicable from date. GST composition will be applicable for your transactions from this date onwards.
9. The option Tax rate for taxable turnover , applicable from 1st July 2017 appears as 1% . This rate is applied on your total sales turnover for calculating tax liability in GSTR-4 .
Note: If you are changing the registration type from regular to composition, the applicability date of GST regular registration will be retained. You can change the date as required.
10. The option e-Way Bill applicable is set to Yes , with the Applicable from date and T hreshold limit .
11. Select the value to be considered for e-Way Bill for the option Threshold limit includes .
12. Set the option Applicable for intrastate to Yes , if it applies to your State and enter the Threshold limit .
13. Set the option Enable tax rate for purchase (Includes purchases under reverse charge) to:
● Yes , to enter the GST rate in the ledgers and stock items for calculating GST in transactions.
● No , to specify the GST rates in each transaction for calculating GST.
14. Press Enter to save.
You can record transactions using the ledgers with GST details, and print invoices with GSTIN.
