Here are the steps on how to set GST details in TallyPrime:
1. Enable GST for the Company:
- Open the company in TallyPrime.
- Press F11 (Features).
- Go to F1: Accounting Features.
- Set Enable Goods and Services Tax (GST) to Yes.
2. Set Company GST Details:
- From the Features menu, enable Set/Alter Company GST Rate and Other Details.
- Press F12 (Configure) to access additional options:
- HSN/SAC Details: Choose how to specify HSN/SAC codes (directly, linked to stock items, or both).
- GST Rate Details: Set default tax rates and enable reverse charge calculation if applicable.
- e-Way Bill Details: Provide e-Way Bill related information.
- Fill in the required GST registration details, including state, registration type, GSTIN, etc.
3. Set GST Rates for Stock Items:
- Go to Gateway of Tally > Display More Reports > Statutory Reports > GST Reports > GST Rate Setup.
- Select the relevant stock groups or items.
- Press Alt+S (Set Rate) to assign applicable GST rates.
4. Set GST Details for Ledgers:
- Go to Gateway of Tally > Create/Alter > Ledger.
- Select the desired ledger.
- Specify the party’s registration type and GSTIN/UIN.
- Press Ctrl+I (More Details) and fill in additional GST registration details, including whether they belong to an Exclusive Economic Zone.
5. Additional Steps for Specific GST Registration Types:
Composition Dealers:
- Activate GST for composition dealers (single or multi-registration) under Features > F1.
Regular – SEZ:
- Set Place of Supply, Reconciliation, LUT/Bond, and other relevant options under Features > F12.
Remember this while You Set GST Details in TallyPrime:
- Save changes after each step by pressing Ctrl+A.
- Consult with a TallyPrime expert or refer to Tally’s official documentation for comprehensive guidance based on your specific business needs and GST requirements.
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