Table-wise GSTR-1 in TallyPrime: Explained in 4 Easy Ways

Apr 16, 2024

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In TallyPrime, GSTR-1 data isn’t directly presented in a “table-wise” format within the software itself.

However, it captures and organizes transaction details in a way that corresponds to the various tables of the GSTR-1 form. Here’s how it works:

Table of Contents

1. Data Mapping:

TallyPrime maps your sales and purchase transactions to specific ledgers based on their nature and tax implications. These ledgers align with the tables in GSTR-1.

2. Reports and Views:

Instead of individual tables, TallyPrime offers various reports that provide summaries and breakdowns of your data relevant to each GSTR-1 table.

3. Key Reports:

1. GSTR-1 Report:

This comprehensive report offers a summary of your tax liability, taxable value, input tax credit, and other key figures across various sections.

2. Particulars (Computation Details):

This section provides detailed information on each transaction contributing to your GSTR-1 data, categorized based on the relevant tables (e.g., taxable supplies, input supplies).

3. HHSN Summary:

This report breaks down taxable value and tax based on HSN/SAC codes, aligning with Table 11 of GSTR-1.

4. E-way Bill Summary:

This report summarizes e-way bills generated for inter-state movement of goods, corresponding to Table 12 of GSTR-1.

4. Benefits of Table-wise GSTR-1 in TallyPrime:

TallyPrime automates data mapping and calculations, reducing manual effort and potential errors.
The reports offer structured views that simplify analysis and verification of data for each table.
You can export the GSTR-1 draft in JSON format, which can be uploaded to the GST portal for filing.

5. Limitations of Table-wise GSTR-1 in TallyPrime:

There’s no direct “table-wise” view within TallyPrime like the official GSTR-1 form layout.
Understanding the mapping between ledgers and tables is crucial for interpreting data correctly.

6. Recommendations for Table-wise GSTR-1 in TallyPrime:

Consult the TallyPrime help documentation and user manuals for detailed information on specific reports and data mapping.
Consider attending training sessions or seeking professional guidance from accountants familiar with TallyPrime and GSTR-1 filing.

By understanding how TallyPrime captures and presents GSTR-1 data, you can effectively utilize its features for accurate return preparation and compliance.