You can account for different taxes under GST (central tax, state tax, UT tax, integrated tax, and cess), by creating a tax ledger for each tax type.
Create central tax ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. In Under , select Duties & Taxes .
3. Select GST as the Type of duty/tax .
4. Select Central Tax as the Tax type .
Similarly, you can create ledgers for state tax, integrated tax, and cess by selecting the relevant Tax type under GST.
Note: In case of companies with state as Ladakh , both State Tax and UT Tax are listed in the Tax Type field. This will allow you to record the opening balance for ledgers in a new company.
Create cess ledger
You can create separate cess ledgers for quantity and value, to print the breakup of these values in the invoice. Do not alter the existing cess ledgers as it will impact the transactions recorded earlier.
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. In Under , select Duties & Taxes .
3. Select GST as the Type of duty/tax .
4. Select Cess as the Tax type .
5. Select the valuation type as:
o Based on Quantity to calculate cess on quantity.
o Based on Value to calculate cess on the assessable value.
Note: Set the Valuation Type to Any to use it as a common ledger.
Create UT tax ledger
If you are an Assessee of Other Territory and have enabled this option in the Company GST Details screen, you can create the UT tax ledger.
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. In Under , select Duties & Taxes .
3. Select GST as the Type of duty/tax .
4. Select UT Tax as the Tax type .
Note: In case of companies with state as Ladakh , both State Tax and UT Tax are listed in the Tax Type field. This will allow you to record the opening balance for ledgers in a new company.
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