How to Pass GST Payment Voucher in TallyPrime: 8 Easy Steps

Here’s how to pass a GST payment voucher in TallyPrime:

1. Open Vouchers Window:

Go to Gateway of Tally > Accounting Vouchers.

2. Choose Payment Voucher:

Press F5 or select Payment from the voucher types.

3. Enter Basic Information:

• Date: Enter the date of payment.
• Party A/c Name: Select the relevant ledger for GST payment (usually “Government – Central Tax” and “Government – State Tax”).
• Reference No.: (Optional) Provide an internal reference number.

4. Payment Details:

• Account: Select the bank account from which you are making the payment.
• Payment Type: Choose “Regular”.

5. Tax Payment Details:

• Click S: Stat Payment.
• Enter the appropriate details:
  • Type of Payment: Select “GST Payment”.
  • Tax Period: Specify the period for which you are making the payment (e.g., month, quarter).
  • Tax Payment Type: Choose the relevant option depending on the payment type (e.g., Advance Tax, Final Tax).
  • Payment Mode: Select the payment method (e.g., Online, Challan).
  • Challan Details: If using a challan, enter the challan number and date.

6. Tax Amounts:

• Enter the tax amounts payable (Central Tax, State Tax, Integrated Tax) in their respective fields.
• TallyPrime will automatically calculate the total payment amount.

7. Optional: Bank Allocations:

If using multiple bank accounts or challans, click F2: Bank Allocations to enter individual amounts for each allocation.

8. Verify and Save:

• Review the entries for accuracy.
• Press Ctrl+A to save the voucher.

Additional notes while Passing GST Payment Voucher in TallyPrime:

• Maintain proper documentation of payment challans and other supporting documents.
• Regularly reconcile your GST returns with TallyPrime data for accuracy.

Important Tips:

• Consult a qualified accountant for specific guidance on GST payment procedures and requirements based on your location and business type.
• Ensure you are using the correct ledger accounts for GST payments.
• Keep your TallyPrime data updated with the latest tax rates and regulations.

Remember, accurate record-keeping and timely GST payments are crucial for your business compliance.

Seeking professional advice can help you avoid potential penalties and ensure smooth financial operations.