gst tutorial in tally lesson 4

Have You Completed Lesson-1? Click here to read Lesson-1
Have You Completed Lesson-2? Click here to read Lesson-2
Have You Completed Lesson-3? Click here to read Lesson-3

GST TALLY LESSON-4

For Trading Company

VASU & CO PURCHASES

Dt: 09.10.2017:  One LENOVO DESKTOP purchased from M/s.Prakash Distributors  @ 22,000 + GST 18%   (CGST 9% + SGST 9 %)  vide Invoice No: 22/2017-18.

In the Lesson-1 you already created ledgers, Group, Units of Measure and Stock Item. In addition, you have to create the following Stock Group & Stock item for Lesson-4

Create Stock Group

• DESKTOPS (Under Primary)

Create Stock Items

• LENOVO DESKTOPS (Under Group DESKTOP)

Purchase Transactions Entry

> From Gateway of Tally Select Accounting Vouchers > F9: Purchases
> Enter Supplier Invoice No and Date
> Party A/c name: Select: PRAKASH DISTRIBUTORS
> Purchase ledger: Select GST PURCHASES
> Name of Item: Select LENOVO DESKTOPS
> Quantity: Enter 1
> Rate: Enter 22000
> 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.
> Click on Enter/Ctrl+A to save the Purchase Transaction.

More Info: How to Enter GST Purchase Transaction in Tally



Dt:10.10.2017: One LENOVO DESKTOP Sold to M/s.SUNIL COMPUTER SERVICES (GST Dealer) @ 25,000 + GST 18%   (CGST 9% + SGST 9 %), Vide Invoice No: 4

Sales Transactions Entry

> From Gateway of Tally Select Accounting Vouchers -> F8: Sales
> 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 DESKTOPS
> Quantity: Enter 1
> Rate: Enter 25000
> 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)


More Info: How to Enter GST Sale Transaction in tally