Monday, November 6, 2017

gst tutorial in tally lesson 1



GST TALLY LESSON-1 
For Trading Company

VASU & CO PURCHASES

Dt: 01.10.2017:  One Lenovo Laptop purchased from M/s.Prakash Distributors  @ 24,000 + GST 18%   (CGST 9% + SGST 9 %)  vide Invoice No: 008/2017-18.

For the above transaction, you need to create the following Sundry Creditors Ledgers, Stock Groups, Units of Measure & Stock Items

Create Ledgers: 


Note: Click the above-related link to know creation of ledgers


how to create gst supplier_purchase_cgst_sgst ledgers in tally


Create Stock Groups


how to create gst stock groups in tally


Create Units of Measure




how to create gst units of measure in tally



Create Stock Items




how to create gst stock item in tally


After creating all the Ledgers, Group, Unit of Measure and Stock Item, enter Purchase Vouchers as follows:


Purchase Transactions Entry




> From Gateway of Tally Select Accounting Vouchers
> From Leftside Panel Click on F9: Purchases
> In the Accounting Voucher Creation Window fill the following information.
> Enter Supplier Invoice No and Date
> Party A/c name: Select: PRAKASH DISTRIBUTORS
> Purchase ledger: Select GST PURCHASES
> Name of Item: Select LENOVO LAPTOPS 
> Quantity: Enter 1
> Rate: Enter 24000
> Click Enter four Times
> Select: CGST  (Tally will display CGST Amount based on Stock Item)
> Select: SGST  (Tally will display SGST Amount based on Stock Item)
> Narration: Enter narration for your future reference. (Eg: Goods Received Date, Courier Name & Ref number etc.,)
> Click on Enter/Ctrl+A to save the Purchase Transaction.


Date
Particulars
Vch No.
Debit Amount
Credit Amount
01/10/2017
PRAKASH DISTRIBUTORS
1
28,320
   GST PURCHASES
24,000
   CGST
2,160
   SGST
2,160
Total
28,320
28,320


gst purchase entry in tally


VASU & CO SALES

Dt:03.10.2017: One Lenovo Laptop Sold to M/s.SUNIL COMPUTER SERVICES (GST Dealer) @ 28,000 + GST 18%   (CGST 9% + SGST 9 %), Vide Invoice No: 1

For the above transaction, you need to create the following Ledger.

Create Ledgers:


After creating all the above Ledgers, enter Sales Vouchers as follows:


Sales Transactions Entry




> From Gateway of Tally Select Accounting Vouchers
> From Leftside Panel Click on F8: Sales
> In the Accounting Voucher Creation Window fill the following information.
> Party A/c name: Select SUNIL COMPUTER SERVICES
Check and Enter Customer Details (Eg: Enter Purchase order No, Date, Payment Terms and Check Customer Name, Address, Country, State & GST No) and Press Ctrl+A to save Customer details.
Hint: You Can edit Customer Details.
Note: Edited details not reflected in original Customer Ledger. This Edited detail is only affected by this Sales transactions.

> Sales ledger: Select GST SALES
> Name of Item: Select LENOVO LAPTOPS 
> Quantity: Enter 1
> Rate: Enter 28000
> Click Enter four Times
> Select: CGST  (Tally will display CGST Amount based on Stock Item)
> Select: SGST  (Tally will display SGST Amount based on Stock Item)





2 comments:

  1. very very good accounts4tutorials.com for accounts beginners easy to learn. thanks. sir, leftside - problem, right side - solution. this is easy to understand for us

    ReplyDelete
    Replies
    1. Dear Mr. Devendar,

      thank you for your valuable comment Mr.Devendar. Our team will post more lessons regularly.

      Regards
      G.VASU

      Delete

Copyright © 2015 Accounting & Taxation All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger