How to Create Taxable Goods under GST in Tally Prime?

Step: GOT > Create > Stock-Item

Ø For create Taxable goods, fill following details like,

· Name – Type name of taxable goods like I type ‘Dell Laptop’.

· Under – Select under stock group (If you have no stock group then create by pressing

“Alt+C”) like I Select ‘Laptop’.

· Category – Select category (If you have no stock Category then create by pressing “Alt+C”) like I Select ’64 bit’.

· Units – select Units (If you have no units then create by pressing “Alt+C”) like I Select ‘Pcs.’

· GST applicable – If you apply GST on this item then Select to option ‘Applicable’

· Set/Alter GST details – If you want to set GST rate on this item then Set to this option ‘Yes’

Ø After Enable Set/alter GST detail option open new screen of GST detail for stock-Item appear like this screenshot:

Ø Fill all detail like,

· Classification – If you already classify goods according to their natures then select your

classification otherwise leave it Undefined. Like I leave it ‘Undefined’

· Description – Enter the description about stock-item. Like I enter ‘Electronics Instruments’

· HSN/SAC – Type HSN code of Goods. Like I type ‘4551’

· Is Non GST goods – If your goods is Non-GST goods then set to option ‘Yes’. Like I set to this option ‘No’.

· Calculation type – In this section there are two types of calculation type

§ On value – this option calculate GST tax according to Total value of total Stock –

Item.

§ On Item Rate – This option calculate GST tax on the basis of rate of one item. This option discusses incoming classes.

Ø I select ‘On value’ in calculation type

· Taxability – See you goods is Taxable or Nil-Rate or Exempt, select any one option from

them. Like I select ‘Taxable’

· Is reverse charge applicable – If your goods are RCM goods then set to this option ‘Yes’. This option discusses incoming classes. I set to this option ‘No’.

· Is Ineligible for Input credit – If ITC cannot claimed on this Item then set to this option ‘Yes’. I select ‘No’.

· Integrated tax – Type GST tax rate for the Item. Like I type ‘18%’.

· Central tax – Auto fill

· State tax – Auto fill

· Cess – If apply Cess on the Item then type rate of Cess for this item. Like I leave it empty.

Ø
After filling all above details then screen of GST detail of stock item shown like this screenshot:

Ø Press ‘Enter’ or ‘Ctrl+A’ to save GST details for stock item.

· Type of Supply – Select ‘Goods’

Ø
After filling all Above option final screen shown like this following screenshot:

Ø Practice Exercise for create Taxable Item. For You

Name

Under

Category

Units

GST

applicable

Set/Alter GST

details

Type of Supply

Hp Laptop

Laptop

32 bit

Pcs

Applicable

Yes (18%)

Goods

Sony TV

Television

24 inches

Pcs

Applicable

Yes (12%)

Goods

Samsung

Smartphone

Smartphone

6 inches

Pcs

Applicable

Yes (18%)

Goods