Thursday, November 30, 2017

gstr 3b returns in tally - Lesson 19


GST TALLY LESSON-19
GSTR - 3B RETURN IN TALLY


GSTR-3B Calculation for our GST Tally Learning (Part-1) 


Follow the below steps to know GSTR-3B Returns details in Tally

From Gateway of Tally select Accounts Info > Display
From Display: Select StatutOry Reports
From Statutory Reports: Select GST
From GST Reports: Select GSTR-3B
From Right Side Panel Click on F2: Period  (Short Cutkey: Alt+F2)
Enter Required Month Start and End Date
Eg:From 1.10.2017 To 30.10.2017

Two Types of Views GSTR-3B is available in Tally

GSTR-3B Summary View in tally

The Summary View gives the taxable value of Local & outstate Sales and break-up for IGST, CGST, SGST and CESS categories.



GSTR-3B Return Format View in tally

This is actual Form GSTR-3B format


Note: Incomplete/Mismatch in Information (to be resolved) must be '0'

How to Set off GST Input Tax Credit


In our GST Tally Learning (Part-1) VASU & CO have

> IGST Liability: Rs.29,820
> CGST Input Credit: Rs.24,990
> SGST Input Credit: Rs.24,990

  • As prescribed by GST Law VASU & CO., first utilized ITC of CGST Rs.24,990 to set off IGST liability of Rs.29,820. After this adjustment IGST liability is Rs. 4,830.
  • Later, SGST input credit of Rs.24,990 is set off against Balance IGST liability of 4,830.


After utilizing the available input credit, you have 
  • CGST Input Credit: Nil
  • SGST Input Credit: Rs. 20,160 (Rs.24,990-Rs.4,830)


SGST balance after set off of IGST liability will be carried over to the next period.

Read Our Previous Tally Lessons

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