https://help.tallysolutions.com/docs/te9rel60/Tax_India/gst/an_overview_of_gst_in_tallyerp_9.htm

Using Tally.ERP 9 for GST Compliance

This topic will take you through an end-to-end experience of how Tally.ERP 9 will help you comply with GST.

 

 

Requirement

Action

Recommendation

If you are a Tally user

Upgrade to Tally.ERP 9 Release 6

 

If you are not an existing Tally user

Install and activate Tally.ERP 9

 

Activate GST for your company

 

To start using Tally.ERP 9 Release 6 for GST

Set up GST rates

Refer Providing GST Details for details on how tax rates are used.

Managing HSN Codes/SAC and Tax Rates

Printing HSN/SAC in Your Invoice

To prepare your ledgers for GST transactions

Stock items

Create GST Classification to easily set GST details.

Service ledger

Sales and purchase ledgers

Updating party ledger

Creating party ledger

GST tax ledgers

Income and expense ledgers

Apart from GST, if your business need not comply with other taxes anymore

Deactivate VAT, Excise, and Service Tax features

 

To claim opening tax credit from VAT

Transfer tax credits of VAT, Excise, and Service Tax to GST

 

To record purchases under GST

Inward supply

 

Restart voucher numbering to ensure that unique voucher numbers are used for all your vouchers.

GST Purchases - Nil Rated, Exempt, SEZ, and Works Contract

 

To record import of goods under GST

Import of goods under GST

 

To account for purchases with reverse charge

Inward supply from unregistered  dealers

 

Inward supply of goods and services under reverse charge

 

Import of services

 

To record purchase returns under GST

Purchase returns

 

To record sales under GST

Record outward supply and print sales invoice

Restart voucher numbering to ensure that unique voucher numbers are used for all your vouchers.

Record all types of GST sales such as nil rated, exempt, SEZ, deemed export, and consumer sales

 

To record the GST sales of goods and services in a single invoice, where one of the items is the principal supply

Sales of composite supply under GST

 

To record the GST sales of multiple items as part of a single bundled package

Sales of mixed supply under GST

 

To record export sales under GST

Export sales under GST

 

To record sales returns under GST

Sales returns under GST

 

To record payments and receipts under GST

GST payment voucher

 

Advance receipt from the customer under GST

 

Advance payment to the supplier in case of reverse chargeable transactions

 

To record adjustments entries under GST

Adjustments  against tax credit under GST

 

TDS adjustment in GST

 

TCS adjustment in GST

 

Refund of tax credit under GST

 

ISD credit under GST

 

Transitional credit under GST

 

Liability for interest, penalty, late fee, and other dues in GST

 

Reversal of tax credit under GST

 

Generating GSTR-1 report

To file monthly returns on outward supplies

GSTR-1

 

To verify if GST details are included in the returns

Returns Summary

 

To view the transaction values included in the returns

Computation  Details

 

To view vouchers excluded from GSTR-1 returns

Summary of Exceptions

 

To view GSTR-1 details in the format given by the department

Table-wise GSTR-1

 

To mark information of outward supplies in your books as reconciled with the data on the GST portal

Status Reconciliation

 

To export your returns in the Excel format

Exporting GSTR-1

 

Generating GSTR-2 report

To file monthly returns for inward supplies

GSTR-2

 

To verify if GST details are included in the returns

Returns Summary

 

To view the transaction values included in the returns

Computation  Details

 

To view vouchers excluded from GSTR-2 returns

Summary of Exceptions

 

To view GSTR-2 details in the format given by the department

Table-wise GSTR-2

 

To mark information of inward supplies in your books as reconciled with the data on the GST portal

Status Reconciliation

 

GSTR-3B

e-Sugam Report for Karnataka

Purchase from URD - Reverse Charge Liability

HSN/SAC Summary and Challan Reconciliation reports

To view the details of HSN/SAC-wise taxable value and tax amount that needs to be filed along GST returns

HSN/SAC Summary

 

To view all the GST payment vouchers and other liabilities that were recorded

Challan Reconciliation Report for GST Payments

 

FAQ

Frequently asked questions

Common queries about GST

How Tally handles GST