Month: January 2024

Updating GST for income and expense ledgers in TallyPrime involves customizing their taxability settings and ensuring they properly reflect your business’s GST obligations. Here’s a guide for both individual and bulk updates: 1. Updating Individual Income and Expense Ledgers: 2. Bulk Updating Income and Expense Ledgers: Additional Tips while Updating GST for Income & Expenses…

There are two primary ways to update party ledgers for GST in TallyPrime, depending on whether you want to update information for individual parties or in bulk: 1. Updating Individual Party Ledgers: 2. Updating Party Ledgers in Bulk: Additional Tips while Configuring Party Ledgers for GST in TallyPrime: By following these steps and incorporating the…

Setting up GST Service Ledgers in Tally Prime ensures accurate tax calculations and reporting for services your business provides. Here’s a detailed guide: 1. Accessing the Ledger Creation Menu: 2. Specifying Ledger Type: 3. Choosing the Ledger Name: 4. Entering Ledger Details: 5. Setting GST Details: 6. Configure Taxability: 7. Additional Options: 8. Saving and…

Setting GST rates in Tally Prime requires two main steps: configuring the Tax Rate Setup and applying those rates to your Stock Items and Stock Groups. Here’s a detailed guide: 1. Accessing the Tax Rate Setup: 2. Choosing the Master List: 3. Selecting Masters and Setting Rates: 4. Additional Options: 5. Saving and Verification: Bonus…

Configuring stock groups for GST in TallyPrime is similar to configuring individual stock items but with some additional points to consider. Here’s a guide to help you: 1. Access the Stock Groups Master: 2. Open or Create a Stock Group: 3. Configure GST Details: 4. Setting GST Rates: 5. H/S Code Tracking: 6. Taxability of…

Accurately configuring your stock items for GST in Tally Prime is crucial for ensuring smooth tax calculations and reporting. Here’s a detailed guide to help you: 1. Enable GST and Set Taxability: 2. Access the Stock Items Master: 3. Configure Individual Stock Items: 4. Set GST Rates: 5. Additional Configurations (Optional): 1. H/S Code Tracking:…

Here’s a comprehensive guide on creating a GST sales entry in Tally Prime: 1. Access the Sales Voucher: 2. Enter Basic Sales Information: 3. Add Sales Items: 4. Specify GST Details: 5. Finalize the Voucher: Additional Considerations while Creating GST Sales Entry in TallyPrime: Bonus Tips while Creating GST Sales Entry in TallyPrime: By following…

Here’s a step-by-step guide on creating a GST purchase voucher in TallyPrime: 1. Access the Purchase Voucher: 2. Enter Basic Purchase Information: 3. Add Purchase Items: 4. Input GST Details: 5. Complete the Voucher: Additional Considerations while Creating GST Purchase Entry in TallyPrime: Key Points while Creating GST Purchase Entry in TallyPrime: