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:
- PRAKASH DISTRIBUTORS (Under Group: Sundry Creditors)
- GST PURCHASES (Under Group: Purchase Accounts)
- CGST (Under Group: Duties & Taxes)
- SGST (Under Group: Duties & Taxes
Create Stock Groups
Create Units of Measure
Create Stock Items
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.
> 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
|
||
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)
> 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)
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
ReplyDeleteDear Mr. Devendar,
Deletethank you for your valuable comment Mr.Devendar. Our team will post more lessons regularly.
Regards
G.VASU
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