Requirement |
Action |
Recommendation |
If you are a Tally user |
Upgrade to Tally.ERP 9 Release 6 |
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If you are not an existing Tally user |
Install and activate Tally.ERP 9 |
|
Activate GST for your company |
|
To start using Tally.ERP 9 Release 6 for GST |
Set up GST rates |
Refer Providing GST Details for details on how tax rates are used. |
Managing HSN Codes/SAC and Tax Rates
Printing HSN/SAC in Your Invoice |
To prepare your ledgers for GST transactions |
Stock items |
Create GST Classification to easily set GST details. |
Service ledger |
Sales and purchase ledgers |
Updating party ledger
Creating party ledger |
GST tax ledgers |
Income and expense ledgers |
Apart from GST, if your business need not comply with other taxes anymore |
Deactivate VAT, Excise, and Service Tax features |
|
To claim opening tax credit from VAT |
Transfer tax credits of VAT, Excise, and Service Tax to GST |
|
To record purchases under GST |
Inward supply
|
Restart voucher numbering to ensure that unique voucher numbers are used for all your vouchers. |
GST Purchases - Nil Rated, Exempt, SEZ, and Works Contract |
|
To record import of goods under GST |
Import of goods under GST |
|
To account for purchases with reverse charge |
Inward supply from unregistered dealers |
|
Inward supply of goods and services under reverse charge |
|
Import of services |
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To record purchase returns under GST |
Purchase returns |
|
To record sales under GST |
Record outward supply and print sales invoice |
Restart voucher numbering to ensure that unique voucher numbers are used for all your vouchers. |
Record all types of GST sales such as nil rated, exempt, SEZ, deemed export, and consumer sales |
|
To record the GST sales of goods and services in a single invoice, where one of the items is the principal supply |
Sales of composite supply under GST |
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To record the GST sales of multiple items as part of a single bundled package |
Sales of mixed supply under GST |
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To record export sales under GST |
Export sales under GST |
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To record sales returns under GST |
Sales returns under GST |
|
To record payments and receipts under GST |
GST payment voucher |
|
Advance receipt from the customer under GST |
|
Advance payment to the supplier in case of reverse chargeable transactions |
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To record adjustments entries under GST |
Adjustments against tax credit under GST |
|
TDS adjustment in GST |
|
TCS adjustment in GST |
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Refund of tax credit under GST |
|
ISD credit under GST |
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Transitional credit under GST |
|
Liability for interest, penalty, late fee, and other dues in GST |
|
Reversal of tax credit under GST |
|
Generating GSTR-1 report |
To file monthly returns on outward supplies |
GSTR-1 |
|
To verify if GST details are included in the returns |
Returns Summary |
|
To view the transaction values included in the returns |
Computation Details |
|
To view vouchers excluded from GSTR-1 returns |
Summary of Exceptions |
|
To view GSTR-1 details in the format given by the department |
Table-wise GSTR-1 |
|
To mark information of outward supplies in your books as reconciled with the data on the GST portal |
Status Reconciliation |
|
To export your returns in the Excel format |
Exporting GSTR-1 |
|
Generating GSTR-2 report |
To file monthly returns for inward supplies |
GSTR-2 |
|
To verify if GST details are included in the returns |
Returns Summary |
|
To view the transaction values included in the returns |
Computation Details |
|
To view vouchers excluded from GSTR-2 returns |
Summary of Exceptions |
|
To view GSTR-2 details in the format given by the department |
Table-wise GSTR-2 |
|
To mark information of inward supplies in your books as reconciled with the data on the GST portal |
Status Reconciliation |
|
GSTR-3B |
Purchase from URD - Reverse Charge Liability |
HSN/SAC Summary and Challan Reconciliation reports |
To view the details of HSN/SAC-wise taxable value and tax amount that needs to be filed along GST returns |
HSN/SAC Summary |
|
To view all the GST payment vouchers and other liabilities that were recorded |
Challan Reconciliation Report for GST Payments |
|
FAQ |
Frequently asked questions |
Common queries about GST
How Tally handles GST |
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