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.