How to Create GST Expense ledger in Tally Prime?
Step: GOT > Create > Ledger
1. Create CGST Expense ledger
Ø For create CGST ledger, fill following details like,
· Name – Enter the name “CGST”
· Under – Select “Indirect Expense” under group
· Type of Ledger– Select “Central Tax” under Type of Ledger
· Appropriate tax value in purchase invoice – Set to this option “Yes “when you want to add central tax expense amount in purchase Account as separately in Profit & Loss A/c. If you want to show your tax expense separately in indirect expense ledger or account in Profit & Loss A/c then set to this option “No”. Like I set to this option “No”.
· Percentage of calculation – Don’t fill it is not compulsory.
Ø After filling all above details, screen of ledger will show like this following screenshot:
Tally Prime GST Course
Ø Press Ctrl+A for save this screen
2. Create SGST Expense ledger
Ø For create CGST ledger, fill following details like,
· Name – Enter the name “SGST”
· Under – Select “Indirect Expense” under group
· Type of Ledger– Select “State Tax” under Type of Ledger
· Appropriate tax value in purchase invoice – Set to this option “Yes “when you want to add central tax expense amount in purchase Account as separately in Profit & Loss A/c. If you want to show your tax expense separately in indirect expense ledger or account in Profit & Loss A/c then set to this option “No”. Like I set to this option “No”.
· Percentage of calculation – Don’t fill it is not compulsory.
After filling all above details, screen of ledger will show like this following screenshot:
Ø Press Ctrl+A for save this screen
3. Create IGST Expense ledger
Ø For create CGST ledger, fill following details like,
· Name – Enter the name “IGST”
· Under – Select “Indirect Expense” under group
· Type of Ledger– Select “Integrated Tax” under Type of Ledger
· Appropriate tax value in purchase invoice – Set to this option “Yes “when you want to add central tax expense amount in purchase Account as separately in Profit & Loss A/c. If you want to show your tax expense separately in indirect expense ledger or account in Profit & Loss A/c then set to this option “No”. Like I set to this option “No”.
· Percentage of calculation – Don’t fill it is not compulsory.
Ø
After filling all above details, screen of ledger will show like this following screenshot:
Ø Press Ctrl+A for save this screen
Note 1: Creation of all dealers will be same as in regular dealer accounting.
Note 2: Creation of Item will be same as in regular dealer accounting.
Note 3: Sale A/c, Purchase A/c ledger & Service Ledger creation will be also same as in regular dealer accounting.
