Goods and Service Tax

AIM:
To calculate the GST using Tally ERP9.
ALGORITHM:
Step 1 : Go to Gateway of Tally > Alt + F3 > Create Company
Step 1 : Go to Gateway of Tally > F11: Features > F3 : Statutory & Taxation

Step 1 : In the screen you will find the following options : -

o Enable goods and service tax (GST): Yes

o Set/alter GST Details: Yes.

This will display another screen where you can set GST details of the company such as the state in
which the company is registered, registration type, GSTIN number etc.
Step 1 : Press Y or Enter to accept and save
Step 1 : Go to Gateway of Tally > Accounts Info > Ledgers > Create

Step 1 : Create ledgers such as Purchase, Sales, State GST, Central, Integrated GST, Stock item
names etc.

Step 1 : Select the appropriate group to which such ledger belongs for example state tax under
duties and taxes group.

Step 1 : Enter the other related information required and press Y or Enter to accept and save.

After creating ledgers we can proceed with preparing Accounting entries. Gateway of Tally
> Accounting Vouchers ( such as Payment, Receipt, Contra, Sales, Purchase, etc. After choosing the
relevant voucher we start passing the accounting entries).
Result:

The GST was successfully calculated.