Search results for: “GST”
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Configure Voucher Numbering for GST in TallyPrime: 3 Easy Ways
TallyPrime offers flexible options for configuring voucher numbering for GST transactions. Here’s a breakdown of different approaches and considerations: 1. Automatic Numbering: 2. Manual Numbering: 3. Customized Numbering Series: 4. Configuration Steps: Additional Tips while Configuring Voucher Numbers for GST in TallyPrime: By understanding these options and carefully configuring voucher numbering, you can ensure it…
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Record GST Sales & Print Invoices in TallyPrime: 6 Easy Steps
Recording outward supply and printing invoices in TallyPrime involves capturing the sale, calculating GST, and generating a professional invoice for your customer. Here’s a detailed guide: 1. Create a Sales Voucher: 2. Enter Basic Information: 3. Add Sale Items: 4. Set Tax Details: 5. Configure Printing Options (Optional): 6. Save and Print: Additional Notes to…
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Import of Goods under GST in TallyPrime: 7 Simple Steps
Here’s how to record transactions of import of goods under GST in TallyPrime: 1. Configure Stock Items and Party Ledgers: 1. Stock Items: Ensure all imported goods have their Taxability set to Taxable in the stock item master (Gateway of Tally > Create/Alter > Master > Stock Items). 2. Party Ledgers: Set the supplier’s ledger…
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How to Record GST SEZ Purchases in TallyPrime: 6 Easy Steps
Here’s a step-by-step guide on recording GST SEZ purchases in TallyPrime: 1. Company Registration: 2. Party Ledger Configuration: 3. Create Purchase Voucher: 4. Add Purchase Items: 5. Set GST Details: 1. Local Purchase: 2. Interstate Purchase: 6. Complete the Voucher: Additional Notes while Recording GST SEZ Purchases in TallyPrime: Important Points to Remember: By following…
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Record GST Exempt Purchases in TallyPrime: 5 Easy Steps
Recording GST exempt purchases in TallyPrime requires setting up your purchase ledgers and vouchers correctly. Here’s a detailed guide: 1. Configure Purchase Ledgers: 2. Create a Purchase Voucher: 3. Add Purchase Items: 4. Set Tax Information: 5. Complete the Voucher: Additional Notes while Recording Exempt GST Purchases in TallyPrime: Important Points for GST Exempt Purchases…
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Record Nil Rated GST Purchases in TallyPrime: 5 Easy Steps
Here’s how to record nil-rated GST purchases in TallyPrime: 1. Open a Purchase Voucher: 2. Enter Basic Information: 3. Add Purchase Items: 4. Set Tax Information: 5. Complete the Voucher: Additional Notes while recording Nil Rated Purchases in TallyPrime: By following these steps, you can accurately record nil-rated GST purchases in TallyPrime, ensuring transparency and…
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Update GST for Income & Expenses Ledgers in TallyPrime: 2 Easy Ways
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…
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How to Update Party Ledgers for GST in TallyPrime: 2 Easy Ways
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…
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How to Setup GST Service Ledgers in TallyPrime: 8 Easy Steps
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…
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How to Set GST Rates in TallyPrime: 5 Easy Steps
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…