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How to create GST inclusive invoice in Tally ERP
gst inclusive in stock item tally

How to create GST inclusive invoice in Tally ERP

How to create GST inclusive invoice in Tally ERP 

Also see: How to create GST invoice in tally

Sold Following stock item to Adi wherein Goods GST is applicable

Name of Item Quantity Rate
Computer 10 20,000 GST @ 12% applicable inclusive

To create a company,

Go to Gateway of Tally > Alt + F3 > Create Company

Enter the basic information, such as  Name, Mailing Name and Address of the company, for e.g. XYZ and other relevant details.

GST inclusive  is to made then following master are created in Tally

To create ledgers under the Sale Accounts group

  • Go to Gateway of Tally > Accounts Info > Ledgers > Create
  • Enter the Name for the sale ledger
  • In the Under field select sale Accounts from the List of Groups
  • Set Inventory values are affected to Yes if you maintain inventory
  • Set the field GST Applicable to Yes under Statutory Information

similarly, creates ledger, the Sundry debtor

  • Got to gateway of tally > accounts info > ledger > create
    In name field type: Adi
  • Now under select >sundry Debtor
  • maintain bill wise detail: yes
  • inventory value is affected >No
  • In mailing, detail Fill all the detail of Adi
  • Pan/IT No: to be filled
  • set/alter :yes
  • Registered: regular
  • GSTIN /UIN : 05ABCD1234Z1A
  • Party Type: Not Applicable
  • Is an e-Commerce operator: No

CGST ledger in GST (Central Goods and service tax under Tally)

  • Got to gateway of tally > accounts info > ledger > create
    In name field type: CGST
  • Type of duty: GST
  • Tax type: Central Tax
  • Inventory value is affected: no
  • Percentage of calculation :0%
  • rounding method: not applicable

similarly, creates ledger SGST

SGST ledger in GST (State Goods and service tax under Tally)

    • Got to gateway of tally > accounts info > ledger > create
      In name field type: CGST
    • Type of duty: GST
    • Tax type: Central Tax

Inventory value is  affected:

  • percentage of calculation :0%
  • rounding method: not applicable

 

Pass voucher entry of GST in Tally

  • Go to gateway of tally > accounts info > Press F8 sales > Ctrl + V for item invoice mode
  • Party ledger select ledger Adi
  • Purchase Ledger select ledger sales local
  • Press: F12
  • Allow entry of rate inclusive of tax for stock item > Set to YES
  • Select stock item
  • select tax CGST and IGST rate will automatically be filled.

 

 

 

 

 

 

 

 

Now to show the price in printed invoice

in the sales voucher > press ALT + P> F12

Set rate column set to YEs

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