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Tally GST: Accounting Software Guide

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14 views3 pages

Tally GST: Accounting Software Guide

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© All Rights Reserved
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Module 15: Accounting Software for

GST Documents Preparation – Using


Tally GST
1. Introduction to Tally GST Accounting
Tally is one of the most widely used accounting software in India for managing accounts,
inventory, and GST compliance. It automates accounting processes, ensures statutory
compliance, and simplifies GST return filing.

Key GST features in Tally:


• GST compliant invoices (Sales & Purchases)
• Automatic calculation of CGST, SGST, IGST
• Return filing assistance (GSTR-1, GSTR-2A, GSTR-3B)
• Reconciliation with GSTN portal

2. Enabling GST in Tally


Steps to enable GST:
1. Open Company in Tally
2. Go to F11 → Statutory & Taxation
3. Enable GST: Yes
4. Set State, GSTIN/UIN, and applicable options
5. Enable Input Tax Credit (ITC)

Performance: Executive Voucher Entry is activated with GST details.

3. Accounts Heads & Ledger Creation


Ledger Creation Process in Tally:
• Gateway of Tally → Accounts Info → Ledger → Create
• Create GST ledgers (CGST, SGST, IGST) under 'Duties & Taxes'
• Create Party Ledgers with GSTIN & Registration Type
• Create Sales & Purchase Ledgers with tax rates

Practical Outcome: Helps in auto-compliant GST return generation and reconciliation.


4. Voucher Entry in Tally
Voucher Types in Tally:
• Sales Voucher (F8)
• Purchase Voucher (F9)
• Payment (F5) & Receipt (F6)
• Journal (F7) for adjustments like RCM

Practice: Local sales (CGST+SGST), Inter-state sales (IGST), Exempt/Zero-rated sales, RCM
entries.

5. GST Returns in Tally


GST Returns supported in Tally:
• GSTR-1 – Outward supplies
• GSTR-2A / 2B – Inward supplies (auto-populated)
• GSTR-3B – Summary return for payment

Tally allows export of JSON files for upload to GST portal and reconciliation with GSTN data.

6. E-Invoicing in Tally
E-invoice is mandatory for businesses above the threshold turnover. Invoice Registration
Portal (IRP) validates invoices and generates IRN & QR Code.
In Tally: e-invoice can be generated and uploaded directly to IRP for authentication.

7. E-Way Bill in Tally


E-way bill is mandatory for movement of goods worth more than ₹50,000.
• Part A: Consignor, Consignee, GSTIN, Value
• Part B: Vehicle/Transport details
Tally supports direct integration with the e-way bill portal.

8. TDS & TCS in GST


TDS: Tax deducted at source (generally 2%) by government entities on supplies.
TCS: Tax collected at source (1%) by e-commerce operators.
In Tally: Enable TDS/TCS in Statutory features and pass deduction entries.

9. Compliance Checklist
Before filing GST Returns:
• Reconcile GSTR-2A/2B with Purchase register
• Verify outward supplies in GSTR-1
• Ensure ITC eligibility and reversal entries
• Match liability with tax payment challans
• Validate e-invoices and e-way bills

10. Assessment Questions


Q1. How do you enable GST in Tally?
Q2. Which voucher is used for RCM entry?
Q3. Differentiate between GSTR-1 and GSTR-3B.
Q4. When is an e-way bill required?
Q5. Define TDS and TCS under GST.

Answers will be prepared in practice worksheets with sample data.

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