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
