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How to Create Taxable Services under GST in Tally Prime?

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How to Create Taxable Services under GST in Tally Prime?

Step: GOT > Create > Ledger

Ø For create Taxable Services, fill following details like,

· Name – Type name of taxable Services like I type ‘Telecom services.

· Under – Select “Indirect Expense”.

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

· Set/Alter GST details – If you want to set GST rate on this services then Set to this option

‘Yes’

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

Ø Fill all detail like,

· Classification – If you already classify

services according to their HSN then select your classification otherwise leave it Undefined.

Like I leave it ‘Undefined’

· Description – Enter the description about Services. Like I enter ‘Telecom Services’.

· HSN/SAC – Type SAC code of Goods. Like I type ‘8523’

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

· Nature of transaction – Select “Not Applicable”.

· Taxability – See you service 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 service 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 claim on these services 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 service 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 Ledger.

· Type of Supply – Select ‘Services’

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

Ø Practice Exercise for create Taxable service. For You

Name

Under

Is GST

Applicable

Set/Alter GST

details

Taxability

Integrated tax

Type of Supply

IT Services

Indirect

Income

Applicable

Yes

Taxable

18%

Services

Advertisement

Service

Indirect

Expense

Applicable

Yes

Taxable

18%

Services

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