12 GST

12.1 Enabling GST in Tally Prime

  1. Open Tally Prime.
  2. Go to Gateway of Tally → F11: Features → Statutory & Taxation.
  3. Set Enable Goods and Services Tax (GST) → Yes.
  4. Set other applicable options (e.g., Enable GST for Composition or Regular Taxpayer).
  5. Press Ctrl + A to save.

12.2 Work with GST for Intra-State and Inter-State Supply of Goods

12.2.1 Intra-State Supply (Within the Same State)

  • Record sales/purchases with CGST and SGST components.
  • In sales/purchase vouchers, select the customer/supplier with proper state information.
  • Tally applies CGST and SGST tax rates automatically based on the state.
  • Example: Sale to a customer in the same state attracts CGST 9% + SGST 9%.

12.2.2 Inter-State Supply (Between Different States)

  • Record sales/purchases attracting IGST instead of CGST+SGST.
  • Tally calculates IGST based on the destination state.
  • Example: Selling goods from Delhi to Maharashtra attracts IGST 18%.

12.3 Recording Return of Goods (Credit/Debit Notes)

  • To record return of goods, use Credit Note (for sales returns) or Debit Note (for purchase returns).
  • Go to Accounting Vouchers → Sales / Purchase menu → Credit/Debit Note.
  • Select party, enter quantities, rates, and tax details.
  • Tally adjusts GST amounts accordingly.

12.4 GST Reports in Tally Prime

Navigate to Gateway of Tally → Display → Statutory Reports → GST Reports.

Key reports include: - GSTR-1 Report: Details of outward supplies (sales). - GSTR-2 Report: Details of inward supplies (purchases). - GSTR-3B Report: Monthly summary return. - GST Audit Report: Tax liability verification and reconciliation. - GST Payment Summary: Track GST payments made.

Reports allow filtering by: - GSTIN number (for multi-GSTIN setups) - Period (month/quarter) - Tax type (CGST, SGST, IGST) - Party or voucher type

Export or print reports via Alt + E or Ctrl + P.

12.5 GST Audit Trail in Tally Prime

Tally maintains an audit trail of GST transactions:

  • View detailed transaction vouchers contributing to GST returns.
  • Reconcile GST payable, input credit, and payments.
  • Use Gateway → Display → Audit & Compliance → GST Audit Report.
  • Audit Report shows discrepancies, missing invoices, or mismatches.
  • Enables compliance readiness for statutory audits.

12.6 Example Walkthrough — Intra-State Sale with GST

  1. Create a sales ledger with GST applicable:
    • Name: Sales Ledger
    • Under: Sales Accounts
    • GST details: Taxability = Taxable, GST rate = 18%
  2. Create a party ledger with state information (e.g., Maharashtra).
  3. Pass a Sales Voucher:
    • Select party in Maharashtra
    • Enter item quantity, rate
    • GST is auto-calculated as CGST 9% + SGST 9%
  4. Review GST Tax Analysis report for accurate tax calculations.

12.7 Example Walkthrough — Inter-State Purchase with GST

  1. Create purchase ledger with GST:
    • Taxability: Taxable Purchase
    • GST rate: 18%
  2. Create supplier ledger from different state (e.g., Karnataka).
  3. Pass Purchase Voucher selecting supplier in Karnataka.
  4. GST calculated as IGST 18%.
  5. Check Input Tax Credit in GST reports.

💡 Tip: - Maintain accurate State and GSTIN details in party ledgers. - Use Multi-GSTIN feature if operating in multiple states to manage GST returns separately. - Regularly verify GST reports against filed returns. - Backup data before large GST returns or corrections. - Use narration and reference fields to note reasons for returns or adjustments.

12.8 Quick Reference Table — Menu Paths for GST in Tally

Function Path in Tally Prime
Enable GST Gateway → F11 → Statutory & Taxation
Record Sales/Purchase Gateway → Accounting Vouchers → Sales / Purchase
GST Reports Gateway → Display → Statutory Reports → GST
GST Audit Trail Gateway → Display → Audit & Compliance → GST Audit
Credit/Debit Notes Accounting Vouchers → Sales / Purchase → Credit/Debit Note