TALLY PRIME WITH GST

Creating & Maintaining Company

Creating a company in Tally prime is a simple, one-time activity. The company data
created can be modified, exported, and other company data can be imported into
your company at any given point of time.

To create a company in Tally prime

Go to Gateway of Tally > F3> Create Company

Company feature option active

 TALLY PRIME WITH GST

Altering Company

To alter details of an existing company

Go to Gateway of Tally>Click> F3: Company Info

Select Alter

Select the company from list of companies

Press Enter to view the Company Alteration Screen.

Make necessary changes in the required fields

Press Enter to save

Deleting a Company

To Delete a Company

Select the company to be deleted

Go to Gateway of Tally> F3: cmp Info

Select Alter

Press Enter

Select the Company to be deleted.

Press Alt+D to Delete. A confirmation message appears

Multiple Godowns

You can create multiple Godowns to store items at multiple locations.

 TALLY PRIME WITH GST

Go to Gateway of Tally> Masters>create>Inventory Masters> Godown

Create Following Godowns

1. Office Godown
2. Storage Godown

To Create a Godown

Go to Gateway of Tally>Inventory Info.>Godown > Create.

Enter the Name – Office Godown

Under – Primary

Accept –Yes

Exercise: - Similarly Create Storage Godown

Stock Group

You can Create stock groups for classifying items based on common features. You can also apply a common
tax rate for all items in a stock group.

Create Stock Groups of the following

Samsung

Sony

To Create a Stock Group

1. Go to Gateway of Tally > Inventory Info> Stock Group > Create

2. Enter the Name of the stock group (Samsung)
3. Select the required group in the Under field
4. Enable the option of Quantity of item be Added

The Stock Group screen appears as shown below:

Exercise: Similarly Create Stock Group of Sony

 TALLY PRIME WITH GST

Stock Categories

Stock Category Offer a Parallel classification of stock items. Like stock Groups, classification is done

Based on similarity in behavior.

The advantage of Categorizing items is that you can classify the stock items (based on functionality) together
–across different stock group which enables you to obtain reports on alternatives or substitutes for a stock
item.

To create a Stock

Go to gateway of Tally > Master> Inventory Info> Stock Category> Create

Creation screen is displayed as shown below.

Enter the name of the Stock Category (for example LCD)

Specify whether it is primary category or a sub-category of another category in the fields UnderSelect
Primary from the list.

Exercise: Create Stock Categories of the following

1. LED
2. PLASMA

Activating GST for your Company

To use Tally Prime for GST Compliance, you need to activate the GST feature. Once activated, GST-related
features are available in ledgers, stock items, and transaction, and GST returns can be generated.
 TALLY PRIME WITH GST

To activate GST

1. Open the company for which you need to activate GST.

2. PRESS F11

3. Enable Goods & Service (GST) –YES

State: Displays the state you have selected for your company. Helps in identifying local and Interstate
transactions. If you change the state, it will be updated in the company details.
 TALLY PRIME WITH GST

GST LEDGER CREATION

Let’s Create Ledgers with different tax slabs in GST

Creating Ledger of Purchase GST @12%

1. Go to Gateway of Tally > Master>Ledger> Create

The ledger Creation screen appears as below:

2. Enter the Name of the ledger account (for example Purchase GST@12).
3. Duplicate names are not allowed
4. Under: Select (Purchase Accounts) from the List of Groups.
5. Inventory values are affected? set to Yes
6. Is GST Applicable? Select Yes
7. Set Alter GST Details? set to NO
8. Type of Supply: Goods
9. Accept the Screen
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Creating Ledger of Purchase GST @18%

1. Go to Gateway of Tally > Master>Ledger> Create

The ledger Creation screen appears as below:

1. Enter the Name of the ledger account (for example Purchase GST@18).
2. Duplicate names are not allowed
3. Under: Select (Purchase Accounts) from the List of Groups.
4. Inventory values are affected? set to Yes
5. Is GST Applicable? Select Yes
6. Set Alter GST Details? set to NO
7. Type of Supply: Goods
Accept the Screen

Creating Ledger of Purchase GST @28%

1. Go to Gateway of Tally > Master>Ledger> Create

 TALLY PRIME WITH GST

The ledger Creation screen appears as below:

1. Enter the Name of the ledger account (for example Purchase GST@28).
2. Duplicate names are not allowed
3. Under: Select (Purchase Accounts) from the List of Groups.
4. Inventory values are affected? set to Yes
5. Is GST Applicable? Select Yes
6. Set Alter GST Details? set to NO
7. Type of Supply: Goods
Accept the Screen
Creating Ledger of Sale GST@ 12%
 TALLY PRIME WITH GST

1. Enter the Name of the ledger account (for example Sale GST@12%).
2. Duplicate names are not allowed
3. Under: Select (SALE Accounts) from the List of Groups.
4. Inventory values are affected? set to Yes
5. Is GST Applicable? Select Yes
6. Set Alter GST Details? set to NO
7. Type of Supply: Goods
Accept the Screen

Creating Ledger of Sale GST@ 18%

1. Enter the Name of the ledger account (for example Sale GST@18%).
2. Duplicate names are not allowed
3. Under: Select (SALE Accounts) from the List of Groups.
4. Inventory values are affected? set to Yes
5. Is GST Applicable? Select Yes
6. Set Alter GST Details? set to NO
7. Type of Supply: Goods
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Accept the Screen

Creating Ledger of Sales GST@28%

1. Go to Gateway of Tally > Master> Ledger > Create.

The Ledger Creation screen appears as below:

1. Enter the Name of the ledger account (for example Sale GST @28%).
2. Duplicate names are not allowed
3. Under: Select (SALE Accounts) from the List of Groups.
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4. Inventory values are affected? set to Yes

5. Is GST Applicable? Select Yes
6. Set Alter GST Details? set to NO
7. Type of Supply: Goods
Accept the Screen

Creating Ledger of Central Tax (CGST)

CGST is a part of Goods and Service Tax(GST). CGST means Central Goods and Service Tax, one of the three
categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation.

1. Go to Gateway of Tally > Master> Ledger > Create.

The Ledger Creation screen appears as below:

2. Enter the Name of the ledger account (for example Central Tax (CGST)
3. Duplicate name is not allowed.
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4. Under: Select (Duties & Taxes) from the List of groups

5. Type of Duty: GST
6. Tax type: Central Tax
7. Accept the Screen

Creating Ledger of State Tax(SGST)

SGST is a part of Goods and Service Tax(GST). SGST means State Goods and Service Tax, one of the three
categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation.

1. Go to Gateway of Tally > Master> Ledger > Create.

The Ledger Creation screen appears as below:

1. Enter the Name of the ledger account (for example State Tax (SGST)
2. Duplicate name is not allowed.
3. Under: Select (Duties & Taxes) from the List of groups
4. Type of Duty: GST
5. Tax type: State Tax

Accept the Screen

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Creating Ledger of Integrated Tax (IGST)

IGST means Integrated Goods and Service Tax, one of the three categories under Goods and Service Tax
(CGST, IGST, SGST) With a Concept of one tax one nation. IGST falls under Integrated Good and Service Tax
Act 2016. IGST is charged when movement of goods and service from one state to another.

1. Go to Gateway of Tally > Master> Ledger > Create.

The Ledger Creation screen appears as below:

 TALLY PRIME WITH GST

1. Enter the Name of the ledger account (for example Integrated Tax (IGST)
2. Duplicate name is not allowed.
3. Under: Select (Duties & Taxes) from the List of groups
4. Type of Duty: GST
5. Tax type: Integrated Tax

Accept the Screen

 TALLY PRIME WITH GST

CREATING SIMPLLE UNIT OF MEASURE

Stock items are mainly purchased and sold on the basis of quantity. The quantity in turn is measured by
units. In such cases, it is necessary to create the unit of measure. The units of measure can either be simple
or compound. Examples of simple units are: nos, meters, kilograms, pieces etc.

TO CREATE SIMPLE UNIT OF MEASURE.

1. GO TO GATEWAY OF TALLY > MASTER> CREATE>INVENTORY MASTER> UNIT

Creation screen is displayed as shown below:

Simple unit are nos, pcs, and so on. Compound unit is a combination of two simple units.

By defaults tally prime will show the simple unit for creating the unit of measure.

You can select the compound units by clicking on that fields or by using SHIFT+ TAB [ cursor will go to the
previous fields].

2. Define the Symbol of the unit, for example, Nos. This symbol is used in all displays and printouts. (Type:
NOS)

3. Specify the Formal Name of the symbol, for example, Numbers. This formal name is useful during the
consolidation of data of different companies, where the symbols might be the same but are assigned
to different units. The formal name will be used to match them. (Type : Numbers)
4. Unit Quantity code (UQC) Select NOS-NUMBERS
5. In this field you can specify the Number decimal places for the Units from O to 4.
This field is useful for units measured in fractions.
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Stock Item

Stock items are tradeable goods. You can create a stock item inventory master, and select the same in
transactions. Stock items can be created with MRP applicable globally or for specific state.

Creating Stock Items

To create a stock item
GO to Gateway of Tally > Master > Inventory Master > Stock Item>
In the Name field type SAMSUNG Ft02
1. Under - Select Samsung from list of Stock Groups
2. Press F 12 configure and all options set Yes.
3. Show more configure: Yes
4. Use Category for stock Items: yes
5. In the field of Category Select LCD Category
6. In the field of Unit of Measure Select
NOS
7. GST Applicable: Applicable
8. Set Alter GST Details: set to Yes

Fill the details as shown below:

 TALLY PRIME WITH GST

9. Press F 12 configure and all options set Yes.

10. Fill the details as shown below:

Type of Supply : Goods

Accept the Screen

What is HSN Code?

The Harmonized Commodity Description and Coding System generally refers to "Harmonized System of
Nomenclature" or simply "HSN". It is a multipurpose international product nomenclature developed by the
World Customs Organization (WCO). It first came into effect in 1988.
India is a member of World Customs Organization(VVCO) since 1971. It was originally using 6-digit HSN codes
to classify commodities for Customs and Central Excise. Later Customs and Central Excise added two more
digits to make the codes more precise, resulting in an 8-digit classification

Exercise: Same way, create the following Stock Items

Name Under Category Units Rate of
28%
Samsung FT03 Samsung LCD NOS
Samsung G49 Samsung LED NOS 28%

Samsun g G55 Samsung LED NOS 28%

Sony SP09 Sony LED NOS 28%

Sony SP12 28%

Sony LED NOS
Sony Plas55 Sony Plasma NOS 28%

Sony Plas65 Sony Plasma NOS 28%

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Voucher Entry
Date Transaction
01/04/2022 Mr. Rajesh Sawant started a new business National Trading Company
bringing cash of RS. 2,50,000 & Cheque of Rs- 20,00,000 of RBI_ Bank.
Cheque was deposited in RBL Bank (Ch.No.987654)

1. Create ledger of Rajesh Sawant Capital Account under group Capital Accounts

2. Go to Gateway of Tally >Transaction >Voucher>F6: Receipt

Press F2 to change the date 01/4/2022
3. Ctrl+H for Change Voucher Mode
4. Select single entry mode for payment/receipt/contra vouchers
5. Press F 12: Configure
6. Use cr./dr. instead of to/ By during voucher entry

Use single entry mode for payment/receipt/contra vouchers? NO

 TALLY PRIME WITH GST

7. In Credit field select ledger of Rajesh Sawant Capital A/c

8. In Credit amount field type Rs.22,50000
9. In Debit field select ledger of Cash from the list of ledgers
10. In Debit amount field type Rs.2,50000
11. In Again Debit Field Press Alt+C to create ledger of RBI— Bank under Bank Accounts.
12. In amount field amount appears automatically.
13. In Bank Allocation screen enter Ch.No 987654 in Inst No. field
14. Accept the Screen.
 TALLY PRIME WITH GST

Order Processing

Enabling Order Processing

To Enable purchase order and sales order processing in Tally Prime, you have to activate the required Features
in F11: Features

Enable the following features in the Order Processing section:

Enable job order processing- yes

Transaction > Voucher> F10> Show Inactive> Order Voucher>Purchase Order for Ctrl +F9

Transaction > Voucher> F10> Show Inactive> Order Voucher> Sale Order for Ctrl +F8

Purchase Order

Date Transaction
1105/2022 National Trading Company place an Order to Smart Electronics
India for the following items. Order No. PO/OOI
Items Godown Quantity Rate CST RATE
Samsung FT02 Storage Godown 10 nos 12,500 28%
Samsung FT03 Storage Godown 10 nos 13,000 28%
Samsung G49 Storage Godown 10 nos 25,000 28%

Samsung G55 Storage Godown 10 nos 28,000 28%

Click on F12: Configure and ensure that

Enable Supplementary details? Yes,
Use Common ledger account for item allocation?
Yes
1. Press F2 to change the date: 01/05/2022
2. With the help of Alt + C create ledger of
Smart Electronics under Sundry Creditors.
3. Set Alter GST Details? Yes,
4. In Registration type: Regular and Enter
5. Party A/c Name: Smart Electronics
6. Skip Supplier's Details Screen
7. Order No: PO/001
8. In Purchase Ledger select Purchase GST @28
9. Name of the Item: Samsung Ft02.
10. In the item Allocation Sub Screen fill up details in the field of Godown..
11. Select Storage Godown from the list of Godown.
12. In the field of Quantity type 10 nos., in the field of Rate type Rs 2, 500, Amount will display

automatically.
 TALLY PRIME WITH GST

13. Then after select the next Item from the list of Items and make the entry in the same way in the same
Voucher.
12 . Press Enter or Y to accept the voucher

Exercise Similarly, do this Transaction

Alter a Purchase
You can alter a Purchase Order by displaying it from various places but is easier through the
Purchase Orders Book or the Day BOOK.
Gateway of Tally > Display > Inventory Books > purchase Order Book
Press Alt+F2 to Change Period: From 01/05/2022 To 31/05/2022
 TALLY PRIME WITH GST

Receipt Note

Transaction>Voucher>F10>Show Inactive>Inventory Voucher>Receipt Note (Alt +F9)>enter

Date Transaction
2/05/2022 National Trading Company Received the goods from Smart
Electronics against Order No.PO/OOl dated 1/05/2022

Go to Gateway Of Tally > Transaction> Vouchers >F10> (Alt + F9) Receipt Note
1. Press F2to change the Date: 02/05/2022
2. In the Ref field type: SE/OOI
3. Party's A/c Name: Smart Electronics
4. Then after Order details screen appears, select PO/OOI from the list.

5. All Items are display automatically with Quantity, Rate and Amount on the basis of
Purchase Order.
Press Enter, Enter.... & Accept the Voucher

Exercise: Similarly, make another Receipt note entry.

 TALLY PRIME WITH GST

Date Transaction
2/05/2022 National Trading Company received the goods from Prashant Enterprises
against Order No. PO/002 dated 1/05/2018 (Ref. No PE/002)

Rejection Out
Date Transaction

31/05/2022 National Trading Company returns 2nos Samsung FT03 from PO/OOI to Smart
Electronics
1. Transaction>Voucher>F10>Show Inactive>Inventory Voucher>Rejection out (Ctrl +F5)>enter

2. Press F2 to change the date 31/05/2022

3. In the field of ledger Account select Smart Electronics

4. Select Samsung FT03 from the Stock Item List.
5. From the list of Tracking Numbers select RN/OOI
6. In the Item Allocations Screen of Samsung FT03, In the Quantity field type
7. Skip the Narration field.
8. Accept the Voucher.
9. Rejection Out Voucher Screen
 TALLY PRIME WITH GST

Purchase Voucher
Date Transaction

1/06/2022 Smart Electronics raised an Invoice of Purchased against RN/OO1 .

1. Go to Gateway of Tally > Transaction> Vouchers > F9 Purchase and make the
2. Entry in as Invoice mode,
3. Press F2 to change the date: 01/06/2022
4. Supplier Invoice No.SE/001.
5. Party's A/c Name: Smart Electronics.
6. Then after list of Tracking No. sub screen appears, select RN/OOI from the list.
7. In the Party Details Screen On the Basis of tracking PO/OOI & RN/OOI, it takes the items with the
Quantity, Rate & Amount automatically.
8. Press Enter and pass on from the entire item list.
9. Then after Press one more Enter.
10. Select SGST from the list of ledgers.
11. The Amount of GST calculates automatically.
12. Select CGST from the list of ledgers
13. Press Page up to view last entry.
14. Press Alt+A: Tax Analysis, Press Alt+F1 for detailed.
 TALLY PRIME WITH GST

Accept The Voucher

Press Page Up to view last entry.

Press Alt+A: Tax Analysis, press Alt+F1: For detailed

Press ESC to Come out from Tax Analysis Screen.

 TALLY PRIME WITH GST

Stock Transfer
When there is more than one Godown Cr. Locations are used, Stock Journal is useful to record

Transfers of stock from one location or department to another or to an external agency.

Date Transaction
2/06/2022 Transfer the following items from Storage to Office Godown. GO to

Items Quantity
SAMSUNG FTC2 10 nos
SAMSUNG FT03 08 nos
SAMSUNG G4g 10 nos
SAMSUNG G55 10 nos
10 nos
Gateway of Tally > Transaction> Vouchers > Stock Journal (Alt* F7)
2. Press F2 to change the Date: 02/06/2022
3. There are two portion Source (Consumption) & Destination (Production)
4. In the field of Source (Consumption) fill up the following details
5. In the name of Item Select SAMSUNG FT02, select Storage Godown from the list of Godowns.
6. In the Quantity field type 10 nos. Rate & Amount will be display automatically
7. Then after select the other Item SAMSUNG FT03, select Storage Godown from the list of
Godowns and enter the quantity 8 nos (2 Items are rejected)
8. Same ways select all the items with storage Godown
9. In the field of Destination (Production) fill up the following details
10. In the Name of item field select SAMSUNG FT02, select Office Godown from the list of Godowns.
11. In the Quantity field type 10 nos, Rate & Amount will be displays automatically
12. Then after select the other item SAMSUNG FT03 and same way select all the items
13. Skip the Narration field
14. Accept the
Voucher
2 Exercise:
Similarly make
the entry of
following
Transaction in
Stock Journal
Voucher.
 TALLY PRIME WITH GST

Date Transaction

2/06/2022 Transfer the following items from Storage to Office Godown.

Items Quantity
Sony SP09 10 nos
Sony SP12 10 nos
Son Plas55 10 nos
Sony Plas65
10 nos

Sales Order
Date Transaction
1/07/2022 National Trading Company received an Order from Aadesh Electronics for
the following Items. Order No. SO/OO1

Items Godown Quantity Rate GST RATE

Samsung FT02 Office Godown 5 nos 13,500 28%

Samsung G55 Office God own 5 nos 30,000 28%

Transaction > Voucher> F10> Show Inactive> Order Voucher> Sale Order for Ctrl +F8

1. Press F2 to change the date: 01/07/2022

2. In Party's A/c Name with the help of Alt+C Create ledger of Aadesh Electronic under Sundry
Debtors
3. Skip the dispatch details screen
Order No: SO/OOI
4. In Sales ledger field select Sales GST @28%
5. In the Name of the Item select Samsung FT02 (Once the name is given then Item Allocations sub-
screen for Samsung FT02 display)
6. In the Item Allocation Sub screen fill up details — In the field of
Godown, Select Office Godown from the list of Godown,.
7. In the field of Quantity type 5 nos. In the field of Rate type 13,500,
Amount will display automatically.
8. Then after select the Next Item from the list of Items and make the entry in the same way in the same
Voucher.
9. Skip the Narration field.
 TALLY PRIME WITH GST

Date Transaction
1/07/2018 National Trading Company delivered the goods to Aadesh
Electronics against the Order No. SO/OOI.

10. Accept the Voucher.

Exercise: Similarly make the entry of following Transaction in Sales Order Voucher-
Date Transaction
11/07/2022 National Trading Company received an Order from Star Electronics for
the following Items. Order No. SO/002
Items G 0down Quantity Rate GST RATE
Sony SP09 Office Godown 5 nos 33,000 28%
Sony Plas55 Office Godown 5 nos 65,000 28%

Alter Sales Order

You can alter a sales Order by displaying it from various places but it is easier through the Sales Orders Book
or the Day Book.
Gateway of Tally > Display > Day Book > F4: change> voucher and select Sales Orders
OR
Display >inventory Books Sales Order Book
PressAlt+F2 to change the period from 01/07/2022 to 31/07/2022
 TALLY PRIME WITH GST

Delivery Note

Transaction > Voucher> F10> Show Inactive> Inventory Voucher>Delivery note for Alt +F8

1. Press F2 to change the date: 01/07/2022

2. In the Ref field type DN/OOI
3. Party's A/C Name Aadesh Electronics
4. Select SO/OO1 from list of orders
5. All Items with Quantity, Rate & Amount will be display automatically on the basis of Sales Order
6. In Item Allocation screen, select DN/OOI from the list of Tracking Numbers
7. Press Enter
8. Provide GST/e-Way Bill details: No
9. Accept the Voucher

10. Exercise: Similarly make the entry of the following Transaction in Delivery Note Voucher
Date Transaction

1/07/2022 National Trading Company delivered the SonySP09 & Sony Plas55 to
Star Electronics against the Order No. SO/002(Ref No. DN/002)
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Rejection In
Date Transaction
2/7/2022 Aadesh Electronics return 1 nos of SAMSUNG G55 from SO/OO1
to National Trading Company

Transaction > Voucher> F10> Show Inactive> Inventory Voucher>Rejection In for Ctrl +F6

1. Press F2 to change the date: 02/07/2022

2. In the field of ledger Account select Aadesh Electronics
3. In Customer's Name & Address field select the same ledger
4. Select SAMSUNG G55 from the Stock Item List
5. From the list of Tracking Numbers select DN/001

6. In the Quantity field type 1 nos enter and accept the screen
7. Fill Narration field
8. Accept the screen
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Sales Voucher
Date Transaction
31/07/2022 National Trading Company raised an invoice to Aadesh
Electronics Of Sales against the DN/OOI.
Go to Gateway of Tally >Transaction> Voucher > F8 Sales
2. Press F2 to change the date: 31/07/2022
3. Ref. AE/OO1
4. Party's A/C Name Aadesh Electronics
5. In Sales ledger field select Sales GST @ 28%
6. Then after list of Tracking No. sub screen appears, select DN/OO1 from the list
7. On the Basic of Tracking DN/OO1, It takes the Items with Quantity, Rate & Amount automatically.

8.Press Enter and pass on from the entire items list

9.Then After Give one more Enter
10 Select SGST from the list of ledgers
11. The Amount of GST Calculates automatically
12 Sameway select CGST from the list of ledgers Sales Voucher screen appears:

11. Accept the Voucher

12. Press Page up for last entry

13. Press Alt+A: Tax Analysis, Press Alt+F1 for Detailed
 TALLY PRIME WITH GST

14. Press Esc to come out from Tax Analysis screen

Exercise: Similarly make the entry of following Transaction in Sales Voucher

Date Transaction

31/07/201 National Trading Company raised an invoice to Star Electronics

of Sales against the DN/002.
 TALLY PRIME WITH GST

Invoicing
What Is Invoicing?
An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities,
and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer
must pay the seller, according to the payment terms. The buyer has a maximum amount of days to pay these
goods and are sometimes offered a discount if paid before.
In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so
rather than quantity, price and discount the invoicing amount is based on quantity, price, discount and
duration. Generally speaking, each line of a rental invoice will refer to the actual hours, days weeks, month
etc. being billed.
From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is
a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed
or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent
them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money).
Tally Provide us different Voucher Types like sales, Purchase, Payment, Receipt, Journal, Contra etc. if you
want to create Voucher Types from the Invoicing Purpose, you can create voucher types also.

To Create Voucher Type of GST Sales

1. In the Name field type GST Sales

2. Go to Gateway of Tally > Accounts Info. > Voucher Types > Create

3. In the field of Type of Voucher select Sales from the list of Voucher Types.
4. Method of voucher numbering: Automatic
5. Default Title to print type: GST Invoice

6. To set Terms & Conditions of your business, set/alter declaration set to Yes

Voucher Type Creation Screen

 TALLY PRIME WITH GST

With the help of that at the time of Sales Entry, Different options of Voucher Types shown. Gateway of Tally
> Accounting Vouchers > F8 Sales

1. Go to Gateway of Tally > Transaction> Vouchers > F8 Sales > GST Sales
2. Press Change the Date: 01/08/2022
3. In the Ref field type: NT/OOI
4. In the field of Party’s, A/c Name with the help of (ALT*C) create a ledger of NARESH TRADERS
under Sundry Debtors with Mailing Details & Tax Information.
5. Skip the Buyer's detail Screen
6. In Sales Ledger select Sale GST @ 28%
7. In the Name of Item Field select SONY PLAS 65 from the list of item
8. Form the list of Tracking No. select Not Applicable
9. From the list of Orders select Not Applicable
10. From the list of Godown select Office Godown
11. In the field of Quantity field type 5 nos
12. In the Rate field type 85,000/-
13. Total Amount will be display automatically
14. Give one more Enter
15. Then after select SGST from the list of Ledgers.
16. Amount will appear automatically
17. Select CGST from the list of ledgers, Amount will appear automatically
18. Skip the Narration Field Accept the Voucher

Give Page up key to use last Entry

Press (CTRL+P)
Press C: FOR CONFIGURE and make setting as per following screen
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Accept the Screen

PRESS I: FOR PREVIEW AND ALT+Z FOR ZOOM
Invoice Screen
 TALLY PRIME WITH GST

Company Logo in Invoice

This option allows to print the company's logo on the selected vouchers, reports and invoices.
To Activate the option of Company Logo
Go to Gateway of tally > day book> select voucher>press> Alt+P> Configuration>select Include
Company Logo>Enter>Select company>company details> Include company logo (applicable to
print export/email>yes>enter>select image file name option> select specify file path> go to file
explore >picture>select save folder>select folder path>copy> back to tally prime>pest in specify
file path> enter> select image name>back>Ctrl +A > esc> day book> select voucher> ctrl + P >
press- I for preview invoice > Alt + Z for zoom invoice.
 TALLY PRIME WITH GST

Notes: It is essential that the logo is saved as a Bitmap or JPEG image file and resides in the path
specified by you. Ensure that the extension. bmp/ Jpg are also specified while providing the location of
logo.

The recommended size of the logo image is 96 x 80 (Width x Height) pixels

To Print Company Logo on Sales Invoice

Go to Gateway of Tally > Display > Account Books > Sales Register >Press enter On July
2. Select the Voucher of Aadesh Electronics date 31/07/2022 and press Enter
3. Click on Print or Press Alt+P
4. Click on Yes to Print
 TALLY PRIME WITH GST

Multi Address in Invoice & Report

The Multi Address feature in Tally.ERP9 allows you to maintain multiple mailing details for your company and
ledgers, i.e.
Create multiple addresses for your company and use them in your invoices and reports. For instance:
Create a single ledger with multiple addresses along with their statutory taxation details for instance,
purchasing goods from a supplier having multiple locations. This will help in minimizing the creation of same
party ledger for different branches in your company. Print multiple addresses in Payment/ Receipt voucher
and recorded in/sent to Head Office.

In National Trading Company

To Activate the option of Multi Address
I Go to gateway of Tally > F11: Features>Other>Enable multiple Address> yes
Primary >Enter> Enter > Accept. Press enter and save the screen
In Ledger Name type Arya Enterprises
In Under select Sundry Debtors from the list of Groups
In Mailing details enter the details of party's THANE BRANCH

In Mailing details enter the details of party's THANE BRANCH Screen appears as follows:

2 "Maintain Multiple Mailing Details for Company &Ledgers?" set to Yes

 TALLY PRIME WITH GST

3. Set/Alter multiple mailing details set to Yes

4. On Pressing Enter, Address Type Screen of Arya Enterprises appears, in which type THANE Branch
Office

12. Enter the Tax Information of Party and Accept the Screen Screen appears as follows:
To Use Multiple Addresses in Voucher Entry

Date Transaction
01/08/2018 National Trading Company sold 2 nos of SONY PLAS 55 at the rate of to
Arya Enterprises. GST Rate is 28%.
Go to Gateway of Tally > Accounting Vouchers > F8 Sales > GST Sales
 TALLY PRIME WITH GST

1. Press F2 to change the date: 01/08/2018

2. In Ref. type AE/OOI
3. In F12: Configure Allow Separate Buyer & Consignee Name

Set to Yes
4. In Party's A/c Name select Arya Enterprises from the list of ledgers
5. In Buyer's Details Screen in Consignee Address Type select Primary
and in Buyers select Branch office
6. Press Enter, Enter and Accept the Buyer's Details Screen
7. In Sales ledger field select Sales GST @ 28%
8. In Name of Item select Not Applicable
9. In Tracking No. select Not Applicable
10. 11 In Order No. select Not Applicable
11. In Godown select Office Godown
12. In Quantity type 2 nos
13. In Rate type - 65,ooo
14. Amount appears automatically
15. Press one more time Enter
16. Select ledger SGST from the list of Ledgers. 18 Amount appears automatically lg. Select Ledger CGST
from the list Of ledgers
19. Skip the Narration field
17. 21 . Accept the Screen Sales Voucher Screen
18.
 TALLY PRIME WITH GST

To Print Multiple
Addresses in
Invoice
Press Page up
Key Press Alt+P
or Click on Print option set to Yes, Press Alt+Z to Zoom
FOR TITLE NAME CHANGE PRESS F7

CHANG BRANCH NAME > GO TO CONFIGURE>SHOW MORE>COMPANY DETAILS> SHOW COMPANY

ADDRESS> YES> TYPE OF ADDRESS >PRESS ENTER> SELECT BRANCH NAME PUNE BRANCH

You can select company address to print

CTRL+A> PRESS I>ALT +Z FOR ZOOM
 TALLY PRIME WITH GST

Batch Wise Details

Batch details are used to identify the movement of the inventory in batches or lost. Many organizations
also purchase in lots in order to monitor the result of the lots purchased individually. Hence, Tally has used
the term Batch/Lot.
Batches/Lots are also often used often used to monitor the date of manufacture, date of receipt or the date
of expected time when it cannot be used for any purpose (perished or expired).

Tally handles both the situations when you know bath the manufacturing date and the expiry date to take the
decision as required.

Batch-wise details are given for maintaining batch information pertaining to stock items. The various options
are activating batch-wise details, setting manufacturing date and expiry date. Manufacturing date and expiry
date options can be used only in accordance with batch-wise details as per requirements.

Go To Gateway of Tally F11: Features > Accounting> Enable Batches – yes

Maintain Expiry Date for batches- yes

Go to Gateway Of Tally > Master> create > Stock Items > Create
1. In the Name field type Music System
2. In the field of Under Select Primary from the list of Group
3. In the Category field select Not Applicable from the list of Categories
4. In the Unit field select nos. from the list
5. Maintain in Batches Sets Yes
6. Track Date of Mfg : yes
7. Use Expiry Date : Yes
8. GST Applicable: Applicable
9. Set/Alter GST Details Set to Yes, fill up GST Details as shown
 TALLY PRIME WITH GST

10 Type of Supply select Goods

11. Skip all other fields

12 Accept the Screen
13 Stock Item creation screen
14 Type of Supply select Goods

15 Accept the Screen

Stock Item creation screen

Entering Batch-wise Details for Purchase voucher

a.
Date Transaction

02/08/2018 Purchase the following items from Darshan Communication.

ITEM GODOWN QUANTITY RATE GST RATE
Music System Office Godown 10 nos 5000 18%

Go to Gateway of Tally > Accounting Vouchers > F9 Purchase

i. Press F2 to change the Date: 02/08/2022
ii. In the Supplier Invoice No type DC/OO1
b. In the field of parties, A/c Name with the help of Alt*C Create a ledger Of
c. Darshan Communication under Sundry Creditors
i. Skip the Supplier's Details Screen
ii. In Purchase ledger select Purchase Gst @18% from the list of ledgers
iii. In the field of Name of Item select Music System from the list of Items
iv. Then after Sub screen of tem Allocation for Music System appears
d. In the Tracking No. field select Not Applicable
e. .In the field of Order, no select Not Applicable
i. In the field of Godown Select
Office Godown
ii. In the field of Batch/Lot No. select
New Number
iii. Define Batch/01 in New Number
iv. In the Quantity field type 10 nos
v. In the Rate field type: 5000
vi. Amount appears automatically
vii. Mfg Date: 22-Aug-22 AND Expiry
date: 2-Sept-2025
 TALLY PRIME WITH GST

2. Give one Time more Enter

3. Select SGST from the list of Ledgers
4. Amount of GST will be display automatically
5. Select CGST from the list of ledgers
6. Skip the Narration field
7. Accept the Voucher

02/08/2022 Purchase 10 nos of Music System From Orange Communication on rate of 5000 for
GST Rate 18% (Batch/02).

1. Go to Gateway of Tally > Accounting Vouchers > F9 Purchase

2. Press F2 to change the Date : 02/08/2022
3. In the Supplier Invoice No type OC/OOI
4. Create a leger of Orange Communication under Sundry Creditors
5. In the field of Party's A/c Name with the help of Alt+C Create ledger of Orange Communication under
Orange Communication
6. In Purchase Ledger field select Purchase GST @ 18 % from the list of ledgers
7. Skip the Supplier's details Screen
8. In the field of Name of Item select Music System from the list of items
9. Then after Sub screen of item Allocation for Music System appears
10. In the Tracking No. Field Not Applicable
11. In the field 01 Order No. select Not Applicable
 TALLY PRIME WITH GST

12. In the field of Godown select Office Godown

13. In the field of Batch/Lot No. select New Number

14. Define Batch/02 in New Number
15. In the Quantity field type 10NOS in the Rate field type5000
16. Amount appears automatically
17. Mfg Date: 22-Aug-22 AND Expiry date: 2-Sept-2025

18. Give one Time more Enter

19. Select SGST from the list of Ledgers
20. Amount of GST will be display automatically
21. Select CGST from the list of ledgers
22. Skip the Narration field
 TALLY PRIME WITH GST

23. Accept The Voucher

IN SALE BATCH WISE ENTRY

Date Transaction
31/08/2022 Sold 5 nos of Music System (Batch/01) to Aadesh Electronics on
rate for GSt Rate 18%
1. Go to Gateway of Tally > Accounting Vouchers > F8 Sales > GST Sales
2. Press F2to change to Date: 31/08/2022
3. In the Ref. field type AE/002
4. In the field of Party is A/c Name select Aadesh Electronics from the list of legers
5. Skip the Buyer's details Screen
6. In sales ledger screen select Sales GST @18% from the list of ledger In the field of Name of Item
select Music System from the list of Items
7. Then after sub screen of item Allocation for Music System appears
8. In the Tracing No. Field Not Applicable
9. In the field of Order No. select Not Applicable
10. In the field of Godown select Office Godown
11. In the field of Batch/Lot, list of Active Batches appears
12. In the Field of Batch/Lot No. select
Batch/01
 TALLY PRIME WITH GST

14. In the Quantity field type 5 nos, Rate field type 8000
15. 1 6. Amount will be display automatically
16. Give one time more Enter
17. Select SGST from the list of ledgers lg. Amount of GST will be display automatically

18. Select CGST from the list of ledgers

19. Skip the Narration fields.
20. Accept the Voucher

To check Batch Wise Report

Go to Gateway of Tally Prime>Display>Batch>Select Music System> Select Name of Batch/01

Same way you can check report of Batch/02

 TALLY PRIME WITH GST

Separate Actual & Billed Quantities

The need for different actual and billed quantities may arise in several instances. For example:
Extra inventory is sent to cover up for any stock that reaches in damaged condition, Inventory sent
as extra samples
Stock dispatched to the customer as quantity discount, etc.
These are only a few of the examples of why different actual and billed quantity is used.
Tally Walk-through to "Use Different Actual and Billed Quantities"

F11: Select Company>Inventory> Use Separate Actual & Billed Quantities Column in invoices: Yes

Ctrl+A> Esc

Date Transaction

01/09/2018 Goods sold to Nilesh Traders on sale of 5 T.V, 1 is given free of cost

Name GOdown Actual nos Billed Rate GST Amount

SAMSUNG G49 Office 06 NOS 05 nos 40000 28% 20000

Godown
1. Go to Gateway of Tally > Accounting Vouchers > F8 Sales > GST Sales
2. You'll notice that the Quantities column is divided into two columns, namely Actual and Billed
3. Press F-2 to change the Date: 01/09/2022
4. In the Ref. filed type NT/002
5. In the field of Party’s/c Name select Naresh Traders from the list of legers
6. In the sales ledger screen select Sales GST @28%
 TALLY PRIME WITH GST

7. Skip the buyer's

details Screen
8. In the field of Name of
Item select SAMSUNG G49
from the list of Items
9. Then after Sub
Screen of Item Allocation
for SAMSUNG G49
Appears
10. In the Tracking
No. Field Not
Applicable

10. In the field of Order No. select Not Applicable

11. In the field of Godown select Office Godown
12. In the Actual Quantity field 6 nos
13. In the Billed Quantity field type 5 nos
14. In the Rate field type uO,OOO/-
15. Amount will be display automatically
16. Give one time more Enter
17. Select SGST from the listof Ledgers
18. Amount of GST will be display automatically
19. Select CGST from the list of ledgers
20. Skip the Narration field
21. Accept the Voucher
 TALLY PRIME WITH GST

Notes: Actual Quantity affects the Inventory Books & Billed Quantity will reflect in Accounting Books.
 TALLY PRIME WITH GST

Zero Valued Entries

Zero Valued Entries in Vouchers
Zero valued entries in voucher are required when, for example, you need to dispatch inventory as free samples or tree
replacements, etc. You can make the issue entry with the required quantity details but entry the value as zero-because
you want your entry to reflect only in your inventory books and not your accounting books.

DATE TRANSACTION
01/09/2022 GOODS RECEIVED FREE FROM PRASHANT ENTERPRISES.
NAME GODOWN QUANTITY RATE GST RATE AMOUNT
SONY PLASS OFFICE 01 NOS NIL 28% 0
55 GODOWN

Party give Sample at free of Cost

Use separate actual and billed quantity columns set to No

Go to Gat way of Tally > Master> Alter> voucher Type> Purchase>Allow Zero-valued Transaction> Yes

1. Go to Gateway of Tally > Accounting Vouchers > F9 Purchase

2. Press F2 to Change the Date: 1/09/2022
3. In the Supplier Invoice No. type PE/002
4. In the field of Party’s, Ac Name select Prashant Enterprises from the list of ledgers
5. Skip the Supplier's Details Screen
6. In Purchase ledger select Purchase GST @28%
7. In the field of Name of Item select SONY PLAS 55 from the list of Items
8. Then after Sub screen of Item Allocation for SONY PLAS 55 appears
9. In the Tracking NO- field Not Applicable
10. In the field of Order No. select Not Applicable
11. In the field of Godown select Office Godown
12. Type Quantity as 10 nos
13. Skip the Rate Field in the Rate field type 0 or Give Spacebar
 TALLY PRIME WITH GST

14. Amount will be display None

15. Give one time more Enter
16. Skip the Narration field
17. Accept the Voucher.
 TALLY PRIME WITH GST

Additional Costs of Purchase

The cost of an item is the rate at which the item is purchased. However, there arc other expense which adds
ta the cost of purchasing the item. Hence, the additional cost detail are required to be incorporated in the
actual cost of purchase.
These additional costs may be different in nature and may also be given in the purchase billlike Sales tax on
Purchases, Packing charges, Cartage incurred, etc. These are other cost involved which are being paid
separately, such as, freight incurred by the company in order to bring the goods from the customs or transport
company, etc.
To get the actual cost of purchase, all those extra additional expenditure involved are to be added to the cost
of purchase. Let us now see how Tally handles this requirement.

Activate Additional Cost Details

F11 : Features > Inventory Features
"Enable cost tracking" set to Yes

Date Transaction
02/09/2022 National Trading Company purchased nos of SONY PLAS 65 for 68000 per piece on
GST Rate 28% from Prashant Enterprise and paid Packing charge Rs. 1OOO.
Create Accounting Group of Expense on Purchase
Go to Gateway of Tally > Accounts Info. > Groups> single Group > Create
Name: Expense on Purchase
Under: Purchase Accounts
Method to Allocate when used in purchase invoice: Appropriate by Value
Skip the other fields
Accept the Screen
 TALLY PRIME WITH GST

Create Ledger of Packing Expenses

1. GO to Gateway of Tally > Accounts Info. > Ledgers > single Ledger > Create
2. Name: Packing Expenses
3. Under: Expense on Purchase
4. Inventory values are affected Set to No
5. Is GST Applicable: Not Applicable
6. Include in assessable value calculation for: GST
7. Appropriate to: Both
8. Skip All other field
9. Accept the Screen

Make an entry in Purchase Voucher

Go Gateway of Tally > Accounting Vouchers > F9 Purchase
Press F-2 to change the Date: 2/09/2022
2. In The Supplier Invoice No field type PE/003
3. In the field of Party's A/c Name select ledger of Prashant Enterprise from the list of ledgers
4. In list of Tracking No select End of List
5. In Purchase ledger select Purchase GST 28%
6. In the Field of Name of Item select SONY PLAS 65 from the list of items
7. Then after sub screen of item select Not Applicable
8. In the field of Order No. select Not Applicable
9. In the field of Order No. select Not Applicable
10. In the field Of Godown select Office Godown
11. Type Quantity as 3 nos
12. In the Rate field 68000
13. Amount will be display automatically
15 Give One time more Enter
16. Select ledger Packing Expenses
17. Enter amounRs1000 and press Enter

18. Select ledger of SGST from the list of ledgers

19 Select ledger of CGST from the list of ledgers
 TALLY PRIME WITH GST

20. Press Alt+A: Tax Analysis, Press Alt+F1 for details

To View the effect of Additional Cost of purchase Value

Go to Gateway of Tally > Display > Inventory Books >Stock Item > SONY PLAS 65
Press Enter on September.
Show Rates set to Yes in F 12: Configure and Accept the Screen
 TALLY PRIME WITH GST

Separate Discount Column on Invoices

Separate Discount Column on Invoices is useful to get separate column of Discount in Purchase & Sales

Voucher, so that Discount is deducted from the rate of item and total amount appears.

F11 : Feature > F2: Inventory Features

"Separate Discount Column in Invoices" set to Yes

Date Transaction
02/09/2022 National Trading Company purchased 10 nos of SONY PLAS 55 for 6000 per piece
on GST Rate 28% from Prashant Enterprise and received 10% Discount.
Go to Gateway of Tally > Accounting Voucher F9 Purchase

1. Press F2 to change the Date: 02/09/2022

2. In the Supplier Invoice No. field type: PE/004
3. In the Party's A/c Name select Prashant Enterprise from The list of ledgers
4. Skip the Party details screen
5. In Purchase Ledger field select Purchase GST @28%
6. In the field of Name of item select SONY PLAS 55 from the list of items
7. Then after Sub screen of item Allocation for SONY PLAS 55 appears
8. In the Tracking NO. field select Not Applicable
9. In the field of Order No. select Not Applicable
10. In the field of Godown select Office Godown
11. Enter Quantity 10 nos
12. In the Rate field type RS.60000
13. Enter Discount 10% in Discount column
TALLY PRIME WITH GST
 TALLY PRIME WITH GST

Multiple Price Levels & Price Lists

In organizations dealing in multiple products for sale, a list of all the items along with price details is maintained
for the purpose of reference. This list is called Price List.
Price Lists are maintained in various structure for different types of buyers (customers), viz.
Wholesalers, Dealers, Retailer, etc. Since the price list is structured based on the classification of buyers — it
is referred at the time of making sales. Since the sale prices do change (on the basis of time), the changes will
have to appear in the price List also.
The price List is designed keeping in mind the nature of buyer (customer). There may be customers who buy
lar ge quantities or high-value buyers, etc. Considering these factors, a special discount may be offered
through the Price List in an online system of software technology, it is desired that the Let us now see how
tally handles such a situation through the price List feature.

Active price list and define Price Levels

Go
to Gateway of
Tally>

Master>Inventory Master> Price level>company price level>

1) Wholesaler
2) Retailer

Select List (stock Group)->

stock Group Name> All items

price Level > Retailer

Applicable from > 2 Sept 2022

 TALLY PRIME WITH GST

Same
way

creates Pricelist for Wholesale applicable from 02/09/2018

Date Transaction
01/10/2022 National Trading Company Sold g nos of SONY PLAS SS and 5 nos of SAMSUNG
FT02 to Star Electronics on the basis of retail from the Price List.

Notes: At the time otEntry select Retail Sales from the list of Price Levels.
 TALLY PRIME WITH GST

Go to Gateway of Tally > Accounting Vouchers > F8 Sales > GST Sales
2. Press F2 to change the Date: 01/10/2022
3. In the Ref field type SE1004
4. In the field of Party’s, A/c Name select Star Electronics from the list of ledgers
5. Skip the Buyer's details Screen
6. Select Retail, in field of the price level as shown-

7. In the Sales ledger screen select Sales GST @ 28% from the list of ledgers
8. In the field of Name of Item select SONY PLAS 55 from the list of Items
9. Then after Sub screen of Item Allocation for SONY PLAS 55 appears
10. In the Tracking No. field select Not Applicable
11. In the field of Order No. select Not Applicable
12. In the field of Godown select Office Godown
13 In the Quantity field type 8 nos
14. Rate, Discount and Amount will be display automatically
15. Select the name of item i.e. SAMSUNG FT02 from the list of the items
16. Then after sub screen of item Allocation for SAMSUNG Ft02appears
17. In the Tracking No. field Not Applicable
18. In the field of order No. selects Not Applicable
19. In the field of Godown select Office Godown
20. In the Quantity field type 5 nos
Rate; Discount and Amount will be display automatically
21. Give one time more Enter
22. Select SGST from the list of ledgers
23. Amount of GST will be display automatically
24. Select CGST from the list Of ledgers
25 Skip the Narration field
26. Accept the Voucher
 TALLY PRIME WITH GST

Point of sale (POS)

POS is an acronym for Point of sale Paint of sale can be a retail outlet, a checkout counter in a shop, or any
other location where a sale transaction takes place. POS system is a computerized cash register which adds up
the sales totals. calculates
The equipment required for POS to work effectively is cash registers, card readers, and barcode scanners and
so on.

Advantages of a Point of Sale system are

It helps to calculate sales and manage Cash drawer.

It manages inventory and facilitates the barcode scanner operations.
It offers a flexible simpler way of querying your inventory and sales database.
It helps you track product movement and the cost to push certain brands over others.
It tracks and records the date and time of every sale made at your Point of Sale.

Point of sale (POS) Features in Tally

Point of sale (POS) Features in Tally

Creation POS Voucher Type

1. Go to Gateway of Tally > Accounts Info. > Voucher Types > Create
2. In the Name filed type as POS Invoice
3. Select the voucher type as Sales from the list of Voucher Types
4. Type the Abbreviations as POS
5. Method of Numbering is set by default to Automatic
6. Set Use Advance Configuration set to No
7. Use Common Narration set to Yes
8. Set print after saving Voucher to Yes
 TALLY PRIME WITH GST

9. Use for POS Invoicing to Yes

10. Message 1: "Thank You"
11. Message 2: "Visit Again"
12. In the field of Default Print Title type POS Invoice
13. Skip the other field

Make entry of the following transaction using POS Invoice Voucher type

Date Transaction
01/10/2022 National Trading company sold 1 nos of SONY SP12 @ 40,000 by cash. Customer
Paid rs. 52,000

14. Go to Gateway of Tally > Accounting Vouchers > F8: Sales > POS Sales Press F12: Configure
15. Skip Quantity during POS Invoicing for faster entry set to NO
16. Enable entry of party details in POS invoice set No
17. Press F-2 to change the Date :01/1 0/2022
18. In the field of Godown select Office Godown
19. In Sales Ledger field select Sales GST @28% from the list of Ledgers
20. Select Not applicable in Price Level
21. In the Field of Name of Item select SONY SP 12 from the list of Items
22. In the Quantity field type, I nos
23. In rate Field type 40,000 and press Enter
24. Amount will be display Automatically
25. Select SGST & CGST from the list of ledgers
26. Amount of GST will be display automatically
27. In cash Field select Cash
28. In Cash Tendered field type round figure i.e Rs 52,000
29. In Balance Will display automatically
30. Skip t
31. he Narration field
32. Accept the Voucher
TALLY PRIME WITH GST
 TALLY PRIME WITH GST

To view & Print POS Invoice

As you accept voucher screen press Y to print invoice. Press Alt Z for Zoom.
 TALLY PRIME WITH GST

Bill-wise Details
With the help of Bill-wise details you will learn how to maintain details of bills specify credit periods and
obtain receivable and payable reports. While you were learning about Tally accounting, you entered sales,
purchases, receipts and payment without regard to the fact that such entries relate to particular invoices.
It would be difficult to match a payment to an invoice where there is a large number of entries, in that
case bills can be adjust with the help of Bill-wise Details Businesses usually wish to maintain details of their
creditors and debtors at the invoice level and. in Tally. this is called Bill-wise accounting. It is also called as
Accounts Receivables and Accounts Payables, for Sundry Debtors and Sundry Creditors respectively.

Activate Bill-wise Details

Go to F11 : Features : Accounting Features
"Maintain Bill-wise Details?" set to Yes
Keep the option No for Non Trading A/c
All the

previously created customer and supplier account under the Groups Sundry Debtors and sundry creditors will
automatically have Bill-wise details set to Yes.

Activating the Bill-wise feature in F11: Features, the ledger masters under Sundry Debtors and Sundry
Creditors automatically display an addition option called "Maintain balances bill-by bill". Setting this option to
Yes we get an additional option "Default Credit Period".
When you enter details of sales and purchases with Bill-wise turned on. Tally invites you to identify the invoice
with an appropriate reference number, the reference can then be used to allocate payments to the correct
invoice to maintain an accurate account of outstanding.
"Default Credits Period" —Credit period is the number of days allowed to the sundry debtor to pay hack or
assigned to our sundry creditor to remind us of our payables. Specifying the period here is automatically
reflected in the transaction it can be altered if required.
 TALLY PRIME WITH GST

10) 01/07/2022 Purchased following items from Rajesh Info. Tech on Default credits of 15 days.

Name of Items Qty Rate GST

High Capacity Stabilizers 5 900 18%
Open Well Pumps 10 450 12%
FOR CREATE INVENTORY

GO TO GATE WAY OF TALLY > MASTER> CREATE> STOCK ITEM> HIGH CAPACITY STABILIZERS
 TALLY PRIME WITH GST

TO CREATE PARTY LEDGER

GO TO GATE WAY OF TALLY > MASTER> CREATE> ACCOUNTING> LEDGER>

NAME > RAJESH INFO TECH

UNDER > SUNDRY CREDITOR

MAINTAIN BALANCE BILL-BY – BILL > YES

DEFAULT CREDIT PERIOD > 15 DAYS

ENTER >

SET ALTER DETAILS > YES > ENTER AND ACCEPT

 TALLY PRIME WITH GST

GO TO GATEWAY OF TALLY > VOUCHER> PURCHASE VOUCHER ( F9) >

CHANGE DATE F2> 01/07/2022

SUPPLIER INVOICE NO. >RIT/001
PARTY NAME > RAJESH INFO TECH
PURCHASE LEDGER > PURCHASE @ 18%
NAME OF INTEM SELECT> HIGH CAPACITY STABILIZER
SELECT LOCATION > OFFICE GODOWN
QUANTITY > 5
RATE >900
END OF LIST
SELECT ANOTHER STOCK ITEM > OPEN WELL PUMP
SELECT LOCATION > OFFICE GODOWN
QUANTITY > 10
RATE >450
END OF LIST
ENTER
ENTER
SELECT >CGST ENTER
SELECT > SGST
ENTER
BILL WISE DETAILS
TYPE OF REF – NEW REF
 TALLY PRIME WITH GST

DUE DATE ATOMATICALLY CALCULATE

ENTER AND ACCEPT

"Maintain Bill-wise Details

 TALLY PRIME WITH GST

10) 01/07/2017 Purchased following items from AMIT TRADER on credits of 15 days.

Name of Items Qty Rate GST

High Capacity Stabilizers 5 900 18%
Open Well Pumps 10 450 12%

TO CREATE PARTY LEDGER

GO TO GATE WAY OF TALLY > MASTER> CREATE> ACCOUNTING> LEDGER>

NAME > AMIT TRADER

UNDER > SUNDRY CREDITOR

MAINTAIN BALANCE BILL-BY – BILL > YES

DEFAULT CREDIT PERIOD > ____

ENTER >

SET ALTER DETAILS > YES > ENTER AND ACCEPT

 TALLY PRIME WITH GST

GO TO GATEWAY OF TALLY > VOUCHER> PURCHASE VOUCHER (F9) >

CHANGE DATE F2> 01/07/2022

SUPPLIER INVOICE NO. >AT/001
PARTY NAME > AMIT TRADER
PURCHASE LEDGER > PURCHASE @ 18%
NAME OF INTEM SELECT> HIGH CAPACITY STABILIZER
SELECT LOCATION > OFFICE GODOWN
QUANTITY > 5
RATE >900
END OF LIST
SELECT ANOTHER STOCK ITEM > OPEN WELL PUMP
SELECT LOCATION > OFFICE GODOWN
QUANTITY > 10
RATE >450
END OF LIST
ENTER
ENTER
SELECT >CGST ENTER
SELECT > SGST
ENTER
BILL WISE DETAILS
TYPE OF REF – NEW REF
DUE DATE MANUALI ENTER > 15 DAYS
ENTER AND ACCEPT
 TALLY PRIME WITH GST

Types of Adjustment
New Ref., Agst Ref, Advance and on Account.

New Ref
This is selected for new financial transactions. Since the raising of an invoice signals a new transaction that will
end on payment, New Ref should be selected.

Agst Ref
You will select Agst Ref to set off payment against the previously entered New Ref. In which you can see the
details of Pending Bills, and select the required bill.

Advance
This is relevant where you receive or pay money in advance You can adjust this advance when making the sale
or purchase entry. at that time, it will be available for adjustment.

On Account
On Account is selected when you are unable to make a payment or a receipt against specific pending
references. Typically, you would do this in cases of lump sum payments where a number of bills are pending
but you are not instructed against which bill the money should be adjusted. At the time of entry, you can
understand all these options in better way.

New Reference

Date Transaction

02/10/2022 National Trading Company Sold 3 nos of SONY PLAS 65 @ 85,000 by and 3 nos
of SONY PLAS 55 @ 65,000 to Himani Electronics

1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales> GST Sales
2. Press to change the Date: 02/10/2022
3. Ref No.HM/001
4. In the field of Party's Name with the help of Alt4C to create Ledger Himani Electronics Under Sundry
Debtors
5. At the time of Ledger Creation of Himani Electronics Maintain Balance bill-bybill set to Yes
6. Skip Party Details Screen
7. Price Level Not Applicable
8. In Sales ledger field select Sales GST @ 28%
9. In the field of name of Item select SONY PLAS 65 from the list of Items
10. In the Tracking No. filed select Not Applicable
11. In the field of Order No. select Not Applicable
12. In the field of Godown select Office Godown
13. In the Quantity filed type 3 nos
14. In the rate filed type 85,000 and press Enter
 TALLY PRIME WITH GST

15. Amount will be display automatically

In the field of name o Amount will show automatically
In Dr/cr Type Dr.
Sales Voucher Screen

16. f Items select the second Items SONY PLAS SS from the list of Items
17. In the Tracking no. field select Not Applicable
18. In the field of Order No. select Not Applicable
19. In the field of Godown select Office Godown
20. In the Quantity field type 3 nos
21. In rate Field type and press Enter
22. Amount will be display automatically.
23. Give one time more Enter Select SGST from the list of Ledgers 24 _Amount of GST will be
display automatically.
24. Same way select CGST from the list of ledgers
25. Then Display Bill-wise Details Screen
26. In type of Ref Field select New Ref
27. In Name Field Type Ref NO HM/001
28. Skip Duo Date Field by pressing Enter

To show the Outstanding Reports

Go to Gateway of Tally > Display > Statements of Accounts > Outstanding > Ledger > select Himani
Electronics from list of ledgers select F1 : Detailed to show the detail.
 TALLY PRIME WITH GST

Making a bill-wise Receipt Voucher Entry using Agst Ref

Against reference

Date Transaction
31/10/2022 National Trading Company received the full amount of payment against the invoice
number HM/001 from Himani Electronics by cheque (Ch. No 654321)

1. Go to gateway of tally > Accounting Vouchers > F6 Receipts

2. Press F12 & Activate Use Single Entry Mode for Pymt/Rcpt/Contra set to No
3. Press F2 to Change the Date : 31/10/2022
4. In the Cr field select Himani Electronics, From the list of ledgers
5. Entry Amount as 5,76,000 and Press Enter
6. Then Appears Bill – Wise Details screen
7. In the type Ref filed select Agst Ref
8. In name field select pending bill no HM/001

9. Press enter then Amount display automatically

10. In the field Cr/Dr Cr will display automatically
11. In the Dr Account select ledger of RBL Bank from the list of ledgers
12. Amount will display automatically
13. In the field Received from Himani electronics will appears automatically
14. Enter Cheque No. 654321 in instrument no. Field. Enter
15. Accept the screen

Report

Go to gateway of tally > Display > Statements of Accounts > Outstanding > Ledger and select Himani
electronics and Enter > Range of bill to show select All bills > Alt + F1: Detailed
 TALLY PRIME WITH GST

Advance
You have already noticed this option in the Bill-Wise sub screen at the time of entering a voucher. Advance
is for Payments or receipts that are made in advance against which you will adjust the purchase or sales bill
later.

Date Transaction

1/11/2022 Company paid 35,000 in advance to Java Infotech by Chqe No. 234567

1. Go to gateway of tally > Accounting Vouchers > F5 Payment

2. Press F2 to change date 1/11/2022
3. In debit field press Alt + C and create ledger of Java Infotech under Sundry Creditors
4. In Amount filed type 35,000
5. Bill wise details screen appears, select advance from type of Ref
6. In name field type Advance -JI/001

Bill wise details screen appears as follows:

7. In credit field select RBL Bank

8. In bank allocation Screen, In Inst No field type Cheque No : 234567
9. Skip the narration field.
10. Accept the screen.
 TALLY PRIME WITH GST

Date Transaction

2/11/2022 Company received invoice of 3 nos of SAMSUNG G55 @ 28,000 from Java
Infotech GST Rate is 28% Invoice No JV/001 Agst Advance – Adv- JI/001

1. Go to gateway of Tally > Accounting Voucher > F9: Purchase

2. Press F2 to change date 2/11/2022
3. In Supplier Invoice no JI/001
4. In party’s A/c Name select Java infotech
5. In purchase ledger field select Purchase GST @ 28%
6. In name of item field select Samsung G55 from the list of items
7. Select office godown in godown field
8. In Quantity field type 3 nos
9. In rate field type 28,000
10. Amount will appears automatically
11. Press one more Enter
12. Select CGST, SGST ledger from the list of ledgers, amount will appears automatically
13. Bill wise details screen appears, select Agst Ref in Type of Ref
14. From the list of pending bills select ADV- JI/001

Accept the screen.

 TALLY PRIME WITH GST

To check the report

Go to Gateway of tally > display > Account Books > Ledger > Select Java Infotech Press Alt + F2 to change the
period

On account

You have already noticed this option in the Bill-wise Sub-screen at the time of entering a voucher. On
account display those amount (Receipts & Payments) which are NOT setoff against specifc sales or purchase
bill- and are marked as on account at the time of entry.

In other words, on account means lump sum payments which are not adjusted against any specific
pending bills

Date Transaction

1/12/2022 Company sold 2 nos of SONY SP12 @ 40,000 to Tej Dealers is 28% B. N.-TD/001.

1. Go to gateway of tally > Accounting Vouchers> F8: Sales > GST sales
2. Press F2 to change the date 1/12/2022
3. In reference No type TD/001
4. In part’s A/c name select ledger of Tej Dealers
5. Skip Buyer’s details screen
6. In price level select not applicable
7. In sales ledger screen select sales GST @28%
8. In name of item select Sony SP12 from the list of items
9. In the tracking no. field select Not Applicable
10. In the field on Order No. Select Not Applicable
11. In the field of Godown select office godown
12. In Quantity column type 2nos
13. Amount will appears automatically
14. Press one more enter and select ledger of SGST, amount will appears automatically
15. Select ledger of CGST, amount will appears automatically
16. Bill wise details screen appears, in type of Ref select new ref, in the name field type TD-001
17. Skip the due date or credit days field
 TALLY PRIME WITH GST

Exercise: Same way make the following entry

Date Transaction

2/12/2022 Company sold 2nos of SAMSUNG G55 @ 30,000 to Tej Dealers, GST Rate is 28%
B. N. –TD/002. Goods sold from office godown.

Date Transaction

2/12/2022 Company sold 2nos of SAMSUNG FT03 @ 18,000 to Tej Dealers, GST Rate is 28%
B.N.-TD/002. Goods sold from office godown.

Receipt Voucher

Date Transaction

31/12/2022 Company received on account payment of 1,62,000 to by cheque from Tej

Dealers. (Ch. No. 123456)

1. Go to gateway of tally> Accounting Voucher> F6: Receipt

2. Press F2 to change the date 31/12/2022
3. In credit field select Tej Dealers from the list of ledgers
4. In bill wise details screen, in type of ref field select
On Account
5. In amount field type 1,62,400
 TALLY PRIME WITH GST

6. In debit field select RBL Bank from the list of ledgers

7. Amount in debit field appears automatically
8. In bank allocation screen, mention Ch. No- 123456 in Inst No field.
9. Skip the narration filed
10. Accept the screen

To check the report of bill wise outstanding of Tej Dealers

Go to gateway of tally > Display > Accounts books > Ledger > Select ledger of Tej dealers

Click on Alt+ B: Bill wise

 TALLY PRIME WITH GST

Interest calculation

Interest is a legimate return on money invested and chargeable in the business world on loans and also
on delayed payments. Interest can be calculated on the basic of Simple Interest or compound Interest.

Simple interest – This is calculated on the principal amount a certain specified rate for a specified

Period.

Compound interest – This is calculated on the principal amount + Interest amount of the last year

at a certain specified rate for a specified rate for a specified period.

Interest figures are typically desired in the following situation.

On outstanding balance amount.

On outstanding bills/invoices/transaction(Receivables and payable)

You will learn how to get tally to calculate interest. The basic task is to set up tally so that interest is
calculated automatically based on the set-up. Then all you do is generate the reports.

To activate interest calculation.

Go to F11: features > F1: Accounting Features

“Activate interest calculation” set to Yes

 TALLY PRIME WITH GST

Date Transaction

1/12/2022 National trading company purchased the following goods from Nilesh traders on credit
for 30 days. Interest is to be calculated at 10% per annum.

ITEM QUANTITY RATE VALUE GST RATE

Samsung FT03 10nos 13,500 1,35,000 28%

Sony Plass 55 10nos 55,000 5,50,000 28%

To create ledger of Nilesh Traders

Go to gateway of tally > Accounts info > Ledgers > Single Ledger > Create

1. Name: Nilesh Traders

2. Under: Sundry Creditors
3. Maintain balance bill by bill: Yes
4. Skip default credit period field
5. Check for credit days during voucher entry set to Yes
6. Activate interest calculation: Yes
7. Interest calculation sub-screen appears, fill up details as shown below

8. Set/Alter GST details set to Yes and fill up the details

9. Accept the screen.

Make a entry of the transaction in a purchase voucher

1. Go to gateway of tally > accounting voucher > F9 purchase

2. Press F2 to change the date: 1/12/2022
3. In the supplier invoice no. field type NT/001
4. In the field of party’s A/c name select Nilesh Traders from the list of ledgers
5. Skip the supplier’s details screen
6. In purchase ledgers field select purchase GST@28% from the list of ledgers
7. In the field of name of item select SAMSUNG FT03 appears
8. Then after sub screen of item allocation for SAMSUNG FT03 appears
9. In the tracking no. field Not Applicable
10. In the field of order no. selected Not Applicable
11. In the field of Godown select Office Godown
12. Enter Quantity 10nos
13. In the rate field type 13,500
14. Amount will be display automatically
15. In the field of name of item select SONY PLAS 55 from the list of items
16. Then after sub screen of item allocation for SONY PLAS 55 appears
17. In the tracking no. field Not Applicable
 TALLY PRIME WITH GST

18. In the field of order no. select Not Applicable

19. In the field Godown select Office Godown
20. Enter Quantity 10 nos
21. In the rate field type 55,000
22. Amount will be display automatically
23. Select SGST from the list of ledgers
24. Amount will be display automatically
25. Select CGST from the list of ledgers
26. Then display bill-wise details screen
27. In bills wise details screen select New Ref
28. In name field type ref no-NT-001
29. In due date field enter 30 days
30. Amount will show automatically
31. In Dr/Cr type Cr

32. Interest parameters screen appears:

33. Accept the voucher

34. Purchase Voucher screen

To view ledger interest

Go to gateway of tally > Display > Statement of accounts > Interest calculation > Ledger > select Nilesh
traders and change the period from: 1/4/2022 To 31/3/2022

For detailed Report Press Alt + F1

You can see the interest amount

 TALLY PRIME WITH GST

Ledger interest screen appears

Date Transaction

2/01/2022 National trading company paid by cheque to nilesh traders towards bill dated
1/12/2022. Cheque no. 987654 ( Note: Due to late payment (2 Days). National trading
company has to pay interest in addition to the bill amount)

In Tally, voucher class of simple interest in credit note

To create voucher class of simple interest in credit note

Go to gateway of tally > Account info > Voucher types > Alter > select credit note from the voucher types
list, Tabdown the cursor to name of class field

1. Name of class : Type Simple Interest

2. Press enter to view of the voucher type class screen use class sreen
3. Use class to interest accounting : Yes
4. Amount to be treated as compound interest ? : No

Accept the voucher type class and credit note alteration screen.

To activate the option of Credit Note

Go to gateway of tally > Press F11: Features > F1: Accounting features

“Use Debit/Credit Notes?” set to Yes and Accept the screen

 TALLY PRIME WITH GST

To make the entry of Credit Note

Go to gateway of Tally > Accounting Voucher > Alt + F6 : Credit Note > Select Simple Interest Voucher class

1. Press F2 to change the Date : 2/1/2022

2. In original invoice No type NT/001
3. In original invoice Dt. Type 1/12/2022
4. In the field of Cr select Nilesh Traders from the list of ledgers
5. Then appears interest details screen :

6. Amount will display automatically

7. The appears bill-wise details screen
8. In the type of ref field select New ref
9. In name field select pending bill no NT/001
10. Than after interest parameters screen appears, press enter and accept the screen
11. In Dr. field press Alt+C to create ledger of interest paid under Indirect expenses
12. Press enter then amount display automatically
13. Accept the screen

Make an entry of payment to Nilesh Traders with Interest

1. Go to gateway of Tally > Accounting Vouchers > F5 payment press F12: Configure “show table
of bills for selection” and “ Show final balance of bill “ set to Yes
2. Press F2 to change the date 2/1/2022
3. In Debit account: Nilesh Traders
 TALLY PRIME WITH GST

4. Then display bill-wise details screen

5. In that type ref field select Agst Ref. Select both pending bill
6. In credit account: RBL Bank
7. Amount display automatically
8. Screen type Ch. No. in Inst No field
9. Accept the screen

Cost Centres & Cost Categories

Cost Centres

By far the most versatile tool for management information Tally’s cost centres allow dimensional
analysis of financial information. While a ledger account would indicate the nature of a transaction, it would
not readily disclose except in the narration, which part of an organization was involved. By providing cost
centres, a transaction can be allocated to it, which would then enable viewing of all transactions for a cost
centre.

A cost centre can be said to be any unit of an organization (generally revenue) can be allocated.
When only costs or expenses are allocated units, they are referred to as cost centres. Tally gives you the cost
centre break-up of each transaction as well as details of transaction for each cost centre. You can now obtain
a Profit and Loss account of each cost/profit centres. For your purpose, the terms cost centre and profit
centre are interchangeable.

You will now learn to allocate transactions like expenses and incomes to cost centres with a view to
assess their performance.
 TALLY PRIME WITH GST

To Create Cost Centre

Activate the feature cost centres in the F11: Company features > Accounting features “Maintain Cost Centres
“ Set to Yes

Screen appears as follows:

To Create Cost Centre

Go to gateway of tally > Account Info. > Cost Centres > Create

Main Office under Primary

Cost centre creation screen

Exercise: Similarly, create cost center of Branch Office

Branch Office under Primary

Date Transaction

1/1/2022 National Trading Company paid office expenses of 60,000 by cheque, out of which
30,000 for Main Office and remaining 30,000 for Branch Office

In F12: Configure “Use single entry mode for pymt/Rect/Contra?” set to No

1. Go to gateway of tally > Accounting Voucher > F5 : Payments

2. Press F2 to change the date : 1/1/2022
3. In Dr. field with the help of Alt+C create ledger of Office Expenses under Indirect Expenses, In
which Cost Centre are applicable set yes
4. In amount type 60,000 and press enter
5. Cost allocation subscreen appears, select Main Office in name of cost centre, in amount field type
30,000
 TALLY PRIME WITH GST

6. Then select branch office and enter 30,000 in the amount field
7. In Cr. Field select RBL bank from the list of ledgers, and amount will appears automatically.
8. Then after Bank allocation screen appears, enter the required information.
9. Skip the narration field
10. Accept the screen
 TALLY PRIME WITH GST

Cost Categories

Cost categories have been introduced for organization requiring allocation of resource to parallel sets of
cost centres. Such organization would usually be project oriented.

When parallel allocation of transition amount across cost centres is required- Tally’s cost category feature
can be used.

For example

1. There are two location as Main Office & Branch Office.

2. There are certain expenses like Salary Expenses incurred by tow employee

There fore in such an instance, we require to allocate Office wise and Employee-wise.

This is possible by using Cost Categories.

Where the same amount is allocated twice-once to the project and then the person.

3. Go to gateway of tally > F11: Features > F1 Accounting Features “ More than One Payroll/ Cost
Category” set to Yes
4. With the help of Ctrl+A accept the screen

Go to gateway of Tally > Account Info > Cost Categories > Single Cost Categories > Create

1. In the Name of Category type Employee

Allocate Revenue Items set to Yes and Allocate Non-revenue items set to No

2. Accept the cost category creation screen.

To Create Cost Centres

Go to gateway of tally > Accounts Info. > Cost centres > Single cost centre > Create

1. Press up arrow key or backspace and select the employee from the list of cost categories

2. Press spacebar and select Employee for the Category

3. Type kiran in the Name of Cost Centre

4. In under field select Primary and Accept the screen.

Cost Creation screen

Exercise : Sameway, create Cost Centre of Kareena

 TALLY PRIME WITH GST

The cost centres Kiran and Kareena have been created under the Cost Category Employee.

The cost centre Main Office & Branch Office are automatically fall under Primary Cost Category. It is tally’s
default category.

Go to gateway of tally > Accounting Voucher > F5: Payment

Date Transaction

2/1/2022 National Trading Company paid salary expense 30,000 by cheque, out of that
expenses 15,000 for Main Office and remaining 15,000 for Branch Office, In cost
category 15,000 paid to Kiran and 15,000 to Kareena.

1. Press F2 to change the date : 2/1/2022

2. In Dr. field create ledger of Salary Expenses under Indirect Expenses with the help of Alt+C
3. In the amount field type 30,000
4. Then after cost allocation subscreen for Salary Expenses appears
5. In category select Primary Cost Category
6. Select main office from the list cost centres , in the amount field type 15,000
7. Then after select Branch Office from the list of cost centres, in amount field 15,000 appears
automatically.
8. Now select employee from the list of cost categories
9. In the cost centres screen related to employee cost category select Kiran and enter the amount of
15,000 in the amount field
10. Then after select Kareena and enter the amount 15,000 in the amount field

11. In Cr. Field select RBL Bank amount of 30,000 appears automatically
12. Then after Bank Allocation Screen appears
13. Enter the required details in Bank Allocation Screen
14. Accept the screen
 TALLY PRIME WITH GST

To Display Cost Centre Information

So far we have created cost centres and allocated different transaction to cost centres. It is now time to view
the kind of information that they provide-that is, let us generate reports

Wherever you care, come back to the Gateway of tally > Display > Statement of Accounts > Cost Centres >
Category Summary

Summary report:

Cost Centre Break-

up

This report displays ledger and group summarized information for the selected cost centre. You can drill
down to the list of voucher.

Ledger Break-up

This report displays the summarized information of all cost centres for the selected ledger. You can drill
down the list of voucher.

Group Break-up

This report displays the summarized information of all cost centres for the selected group. You can drill down
to the list of voucher.
 TALLY PRIME WITH GST

BILL OF MATERIALS (BOM)

A Bill of Materials is a list of constituent items along with quantity details that can be allocated for the
manufacture of a certain product, by-product or likewise. This facilities immediate reduction in stock of
the item automatically. This process of listing the items that make up another item is made possible in
tally by enabling the Bill Materials Facility.

Bill of Material (BOM) is created only for those items that begin assembled in-house. Therefore, you
need to specify a BOM at the time of creating a Stock item or while altering the stock item. For trading
items, you do not need a BOM.

Create a new company Harshada Industries as per following screen which engaged in the business of
assembling and manufacturing computers.

To enable GST

Go to gateway of Tally > F11. Features > F3: Statutory & Taxation Features

“Enable Goods & Services Tax (GST) “Set To Yes

“Set/Alter GST Details” set to Yes

Enter GSTIN Number and accept the screen

Create the following GST Ledgers

Name Under Inventory Is GST Applicable Set/Alter GST

Values are Details
affected
Purchase GST @18% Purchase Accounts Yes Yes No

Sales GST @ 18% Sales Accounts Yes Yes No

 TALLY PRIME WITH GST

Create the following GST Ledgers

Go to Gateway of Tally > Account Info > Ledgers > Single Ledger > Create

Name Under Type of Duty/Tax Tax Type Percentage of

Calculation
State Tax (SGST) Duties & Taxes GST State Tax 0%
Central Tax (CGST) Duties & Taxes GST Central Tax 0%

Name Under Maintain balance bill

by bill
Rajesh Infotech Sundry Creditors Yes
Wintech Computer Sundry Creditors Yes
Career Computer Sundry Creditors Yes

Name Under Is GST Applicable

Wages Direct Expenses Not Applicable
Overheads Direct Expenses Not Applicable

To Create Multiple Godowns

Create the following godowns

Go to gateway of Tally > Inventory Info > Godowns > Single Godown > Create

1. Raw material Godown under Primary

2. Assembling godown under Primary

3. Finished Goods Godown under Primary

To Create Unit of Measure

Go to Gateway of Tally > Inventory Info. > Units of Measure > Create

1. Type : Simple
2. Symbol : Nos
3. Formal Name : Numbers
4. Unit Quantity Code (UQC) : NOS-NUMBERS
5. Number of Decimal Places : 0
6. Accept the Screen
 TALLY PRIME WITH GST

Sameway, Create Unit Boxes

1. Type : Simple
2. Symbol : Box
3. Formal Name : Boxes
4. Unit Quantity Code (UQC) : BOX-BOX
5. Number of Decimal Places : 0
6. Accept the Screen

To Create the Stock Groups

Go to Gateway of Tally > Inventory Info > Stock Groups > Single Stock Group > Create

1. Raw Material under Primary

Exercise : Same way, create required the following stock items

In this Company, we required the following stock items

Item Name Under HSN Code GST Rate

Processor (Core 2 Duo) Raw Material 8473 18%

Processor (Dual Core) Raw Material 8473 18%
LED Monitor Raw Material 8471 18%
Hard Disk Raw Material 8471 18%
Keyboard Raw Material 8471 18%

Motherboard Raw Material 8473 18%

Computer (Core 2 Duo) Finished Goods 8473 18%

Computer (Dual Core) Finished Goods 8473 18%

To Create the Raw Material Stock Items

Go to Gateway of Tally > Inventory Info > Stock Items > Single Stock Item > Create

1. Name : Processor (Core 2 Duo)

2. Under : Raw Material
3. Units : Nos
4. GST Applicable : Applicable
5. Set/Alter GST Details : Yes
 TALLY PRIME WITH GST

6. GST Details subscreen appears, fill up the details

7. Type of Supply : Goods
8. Accept the screen

Exercise: Sameway, Create the other Raw Material Item Like Processor (Dual Core), LED, Moniter,

Hard disk, Keyboard, Motherboard.

To Create Stock Item Mouse

Press F12: Configure : Uses Alternate Units for Stock Items Set to Yes

1. Name : Mouse
2. Under : Raw Material
3. Units : Nos
4. Alternate Units : Box
5. In Where field type (1 box = 10 nos)
6. GST Applicable : Applicable
7. Set/Alter GST Details : Yes
8. Type of Supply : Goods
9. Reporting UQC : NOS-NUMBERS
10. Accept the Screen
 TALLY PRIME WITH GST

To Create Finished Stock Item

Go to Gateway of Tally > Inventory Info. > Stock Items > Single Stock Item > Create >

Press F12: Enables Component list details (Bill of Material) Set to Yes

1. Name : Computer (Core 2 Duo)

2. Under : Finished Goods
3. Units : NOS
4. Alternate Units : Not Applicable
5. Set Component (BOM) set Yes
6. In Name of BOM type Computer (Core 2 Duo)
7. Stock Items Components (BOM) screen appears
8. In Units of Manufacture type 1 nos
9. Fill up the data of Row Material used in Computer (Core 2 Duo) as per following screen
10. GST Applicable : Applicable
11. In GST Details Subscreen fill up details
12. Type of supply : Goods
13. Accept the Screen

Exercise: Same way, Create Stock Items of Computer (Dual Core) under group Finished Goods by using
following BOM details

BOM Name Computer (Dual Core)

Components of Unit Computer (Dual Core)
of Manufacture 1nos
Item Name Godown Quantity

Processor (Dual Core) Assembling Godown 1nos

Mouse Assembling Godown 1nos
LED Monitor Assembling Godown 1nos
Hard Disk Assembling Godown 1nos
Keyboard Assembling Godown 1nos
Motherboard Assembling Godown 1nos
 TALLY PRIME WITH GST

Entering purchase voucher of row materials items

Date Transaction

1/5/2022 A Company purchase the following items from Rajesh Infotech, Supplier Invoice No
RI/001. (GST Rate is 18%)
Item Name Under Quantity Rate

Processor (Core 2 Duo) Raw Material 50 nos 4,000

Processor (Dual Core) Raw Material 50 nos 5,000
LED Monitor Raw Material 50 nos 5,000
Hard Disk Raw Material 50 nos 2,500

1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase (As Invoice )
2. Press F12: Configure “Use Common ledger account for item allocation” set to Yes
3. Press F2 to change the date 1/5/2022
4. Supplier Invoice no. RI/001
5. In the field of Party’s A/c name select ledger Rajesh Infotech
6. Fill the Supplier details screen
7. In purchase ledger select Purchase GST @18% from the list of ledgers
8. Select processor (Core 2 Duo) from the list of items
9. In the Godown field select Raw Material Godown
10. In the Quantity type 50 nos
11. In the rate field type 4000
12. Amount will be display Automatically
13. Then After select all item one by one
14. Then after press one more Enter
15. Select ledger SGST from the list of ledgers
16. The amount of GST calculates Automatically
17. Select ledger CGST from the list of Ledgers
18. In Bill-wise detail screen select New Ref in Type of Ref.
19. Skin the Narration field
20. Accept the voucher

The complete purchase Voucher Screen appears as following:

 TALLY PRIME WITH GST

Exercise: Same way Make Following entry

Date Transaction
2/5/2022 A company purchase the following items from Wintech Computer, Supplier invoice no
WC/001. (GST Rate is 18%)
Item Name Under Quantity Rate

Keyboard Raw Material 50nos 500

Motherboard Raw Material 50nos 3500
Mouse Raw Material 50nos 300

Entering stock journal voucher for stock transfer

Date Transaction
31/5/2022 A company transfer the following stock items from Raw Material Godown to Assembling
Godown
Stock Items Quantity

Processor (Core 2 Duo) 20nos

Processor (Dual Core) 20nos
LED Monitor 20nos
Hard Disk 20nos
Keyboard 20nos
Motherboard 20nos
Mouse 20nos

Go to Gateway of Tally > Inventory Voucher > Alt+F7: Stock Journal

1. Press F2 to change the date: 31/5/2022

2. Enter the all items according to the entries in the Source (Consumption) Column and then
after enter the all items in the Destination (Production) column
3. Accept the screen.

The complete stock journal screen

 TALLY PRIME WITH GST

To create Voucher Type of Manufacturing Journal

Go to Gateway of Tally > Accounts Info > Voucher Types > Create

1. Name : Manufacturing Journal

2. Under : Stock Journal
3. Activate this voucher type : Yes
4. Method of voucher numbering : Automatic
5. Allow narration in voucher : Yes
6. ‘Use as a Manufacturing Journal : Yes

Manufacturing Journal screen

Date Transaction

1/6/2022 A company manufacture 10nos of Computer (Core 2 Duo), Wages 2500 & Overhead 3500

Go to Gateway of Tally > Inventory Vouchers > Alt+7: Stock Journal > Select Manufacturing Journal

1. Press F2 to change the date 1/6/2022

2. In name of Product select Computer (Core 2 Duo)
3. In the Godown select Finished Goods Godown
4. In Quantity type 10nos
5. On the basis of BOM the list of components with Quantity and Rate displays automatically
6. In type of additional cost select Wage from the list of ledgers & type 2500 in the amount column
7. Press enter and select ledger Overhead & type 3500 in the amount column
8. Press enter and Accept the screen
 TALLY PRIME WITH GST

To check the stock summary Report

Go to Gateway of Tally > Stock Summary > Press Alt+F1

The complete stock summary screen appears as follows:

Entering stock journal voucher by using voucher class of transfer

Date Transaction

2/6/2022 A Company transfer the following stock items from Raw Material Godown to Assembling
Godown
Stock Items Quantity
Processor (Core 2 Duo) 20nos
Processor (Dual Core) 20nos
LED Monitor 20nos
Hard Disk 20nos
Keyboard 20nos
Motherboard 20nos
Mouse 20nos

To Alter Voucher type of Stock Journal

Go to Gateway of Tally > Inventory Info > Voucher Types > Alter > Select Stock Journal

The complete voucher type alteration screen appears as follows.

 TALLY PRIME WITH GST

1. In Name of Class field type transfer

2. Use class for inter Godown Transfers set to Yes
3. Accept the screen

To create Stock Journal Voucher

Go to gateway of Tally > Inventory Voucher > Alt+F7: Stock Journal

1. In voucher type screen select stock journal in name field

2. In class field select Transfer

3. Press F2 to change the date 2/6/2022

4. In Destination Godown select Assembling godown
5. Fill up the details as per following screen
6. Accept the screen

Exercise :
Sameway, make the following transaction in Manufacturing Journal

Date Transaction

1/7/2022 A company manufacture 10 nos of computer (Dual Core), wages 3000 &
Overhead 3500

Entering sales voucher of finished item

Date Transaction
1/7/2022 A company sold 5 nos computer (Core 2 duo), @ 27000 to career computer Ref
No. CC/001 (GST Rate is 18%)
 TALLY PRIME WITH GST

Go to Gateway of tally > Accounting Voucher > F8: Sales

1. Press F2 to change the date: 1/7/2022

2. In the Ref field type CC/001
3. In the field of Party’s A/c name select ledger Career Computer
4. Fill up the buyer’s details screen
5. In sales ledgers field select sales GST @18% from the list of ledgers
6. In the field of Name of item select computer (Core 2 Duo) from the list of items
7. Then after sub screen of item allocation for computer (Core 2 Duo) appears
8. In the Godown field select finished goods godowns
9. In the quantity field type 5 nos
10. In the rate field type 27000
11. Amount will be display automatically
12. Give one more Enter
13. Select ledger SGST from the list of ledgers
14. Amount of GST will be display automatically
15. Select ledger of CGST from the list of ledgers
16. In bill-wise details screen select New Ref. in type of Ref & type CC/001 in name field.
17. Skip the narration field
18. Accept the voucher

The complete sales voucher screen appears

To check the Stock Report

Go to Gateway of Tally > Stock Summary

Press Alt+F1 for Detailed

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Introduction to GST

GST is a transformational tax reform in our country since independence. All the existing indirect taxes being
currently levied by Central and State Governments will be subsumed under GST. GST can be termed as “One
Tax, One Nation and One Market”. GST is a highly compliance driven law.

Evolution of GST

GST is already adopted in 165 countries and India joins the club as 166th country. The journey of GST started
in the year 2003. The critical millstones are as below

14th June 2016 – Draft Model GST Law on public domain

3rd Aug – Rajya Sabha passes the bill

8th Aug – Lok Sabha passes the bill

8th Sept – President Ascent

12th Sept – Cabinet Approval to form GST Council

16th Sept – Govt. notifies GST Council

22nd/23rd Sept – First Council Meeting

26th Sept – Draft Rules on public Domain – Reg. Paymt. & Tax Invoice

27th Sept – Draft Return Rules & Return Formats

What is GST?

GST stands for Goods and Services Tax which is concurrent levy of taxes on “Supply” of Goods and Services.
GST in India will be dual system, where the central and State together will levy tax on supply of goods and /
or services , within the state (Intra-State) and Intra-State.

Why GST?

The current indirect tax system with multiplicity of taxes (Central Levy:-excise duty, Service Tax , Various Cess
and State Levies:- VAT, Entry Tax, Octroi, Luxury Tax, Entertainment taxes, Purchase Tax etc.) at different
rates- at multiple points (at the time of manufacture, trade rendering services etc.) This has led to several
inefficiencies and limitation. One of the major limitation is the cascading effect of tax. Under the current
regime, Excise charged by the manufacturer on billing to a Dealer, the Credit of input cannot be claimed by a
dealer, and thus forming part of cost to dealer which leads to cascading of tax.

Under GST the credit utilization will be available across the supply chain till it reaches the end consumer.
Secondly, tax on tax is eliminated. Example:- Under the current tax regime. VAT is charged on the assessable
value plus on Excise duty.

A. Simpler Tax Structure : As multiple taxes on a goods or service are eliminated and a single tax
comes into place, the tax structure is expected to be much simpler and easier to understand and
administer.
B. Eliminates Cascading effect of taxes: One of the key feature of GST is seamless availability of
input credit set-off mechanism. This helps in eliminating the cascading effect and benefit is
passed on to consumer.
C. Increased Revenue: A simpler tax structure can bring about greater compliance. Thus increasing
the number of tax payers and in turn tax revenues for the Government
 TALLY PRIME WITH GST

D. Technology Driven System: GST compliance is going to be transaction based and with cross
matching concept, where, outward supply and inward supply will be matched to determine the
net tax liability for a given dealer. Millions of dealers and Billions of transaction need to be
processed and ‘Technology’ will play a pivotal role in the successful implementation and
administration of compliance.

Structure of GST

GST is a dual concept tax system. Under this system, tax is administered, collected and shared by
both Centre and states based on the nature of transaction (Within State or interstate). The tax
components of GST are:

CGST : CGST stands for Central GST This is applicable on supplies within the State
Tax collected will be shared to Centre

SGST : SGST stands for GST This is applicable on supplies within the State Tax
collected will be shared to state

IGST : IGST stands for integrated GST This is applicable on interstate and import
transactions Tax collected is share between Centre and State

Why is dual GST required?

India is a federal country where both the Centre and the States have been assigned the powers
to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct
responsibilities to perform according to the division of powers prescribed in the Constitution for which they
need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of
fiscal federalism.

While we now know the tax components of GST, it is equally important for you to know the
taxes existing in current regime and how this are subsumed under GST
 TALLY PRIME WITH GST

Highlights of GST
Common threshold limit across the country: GST – ensures a common threshold limit, irrespective
of whether your manufacturer or dealer, either dealing in goods and/or services. Under current
regime different indirect taxes has varying threshold limit.

Example, the threshold limit for excise is 1.5 crore, service tax Rs. 1o lakhs and under VAT the
threshold limit ranges from Rs. 5 lakhs to 20 lakhs which are state specific.

Continuity of Tax credit across the supply chain till it reaches the consumer: GST aims at providing
seamless flow of tax-credits throughout the value-chain, and across boundaries of States. This is one
of the fundamental feature of GST.

Elimination of tax cascading effect in the supply chain: with the availability of seamless flow of
input tax credit throughout the supply chain would ensure the elimination of cascading of taxes.

Pan based Registration: The registration of business will be PAN based. In arriving the aggregate
turnover, all the business vertical operating across the country with same PAN will be considered.

Point of taxation will be ‘supply’: Unlike the current indirect tax system, each tax system has
different taxable event like Excise duty on removal of goods, VAT on sales etc. supply is the single
taxable event to discharge the duty liability.

Valuation method broadly as ‘Transaction Value’ : Transaction value is the sole valuation method
applied in determining the value of taxable supply. Transaction value is the actual price paid or
payable for the supply of goods/services.

Branch transfers taxable and credit eligibility: Branch transfers will be treated as taxable supply and
requisite levy needs to be charged on such a supply. However, such levy is fully allowed as input
credit.

Tax credit on Interstate inward supply of goods: under the current regime the tax on interstate
purchase forms part of cost of goods. Under GST, input tax credit is available on interstate inward
supply of goods and/or services.

Threshold Limits

This means that the day a dealer crosses Rs. 10 lakh/Rs 20 lakh turnover, he is registered and needs to start
charging GST and is eligible to claim input tax credit. All existing dealers registered with any of the current
laws (VAT/Excise/ST) will also be required to be registered under GST by default.

The turnover considered here is aggregate pan-India turnover of a business entity and not state-wise.
Turnover (Aggregate) includes value of

1. Taxable Supplies
2. Non-Taxable Supplies
3. Exempt Supplies
4. Zero Rage Supplies
5. Export Supplies
6. Less: value of supplies on which tax is levied on reverse charge basis & the value
 TALLY PRIME WITH GST

Example

Let us take as example to illustrate liability of business to register under GST

Super Cars Ltd. Is a car manufacturing unit in Karnataka And also they own ‘Super Cars Service Ltd’
service unit located in Karnataka and Delhi. Additional details are furnished below

Business Unit Location PAN Number Turnover in Rs

Super Cars Ltd. Karnataka AEHCS3476M 78 cores

Super Cars Service Ltd Karnataka AEHCS3476M 80 Lakhs
Super Cars Service Ltd Delhi AEHCS3476M 65 Lakhs

As per the example,

All 3 units are registered under same PAN ‘AEHCS3476M

In arriving the aggregate turnover, the turnover, of all the 3 units ( Super Cars Ltd. And
Super cars service ltd. Located in Karnataka and Delhi) will be considered.

Therefore, the aggregate turnover will be Rs. 79.45 Cr. (Super Cars Ltd. Rs 78 Cr. + Super cars
services Ltd. Of Karnataka Rs 80 lakhs + Super cars services Ltd of Delhi Rs 65 lakhs) and are
required register under GST.

Mandatory Registration

The following category of suppliers will be mandatorily required to be registered

irrespective of turnover:

 Taxable person carrying on interstate supply

 Casual and non-resident taxable persons
 Businesses liable to pay tax under reverse charge
 Agents supplying on behalf of taxable person
 Input service distributor
 Sellers on ecommerce platforms
 Aggregator supplying services under his brand name (Ecommerce
Companies)
 Persons responsible to deduct TDS (Government Departments)

Registration will be 15-digit PAN based GSTIN with following structure.

State Code PAN Entity Code Blank Check Digit

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
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GST (Goods & Services Tax)

GST ( Goods & Services Tax)

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits
of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes
GST essentially a tax only on value addition at each stage.

GST can be implemented in Tally prime by using any one method of the following

1. Defining at Company Level

2. Defining at Stock Group Level
3. Defining at Stock item level
4. Defining at Ledger Level
5. Creating GST Classification

GST on company level

You can use company level only when, all stock items of your business comes under same HSN code
and same GST Rate. Here we will set GST Rate at company level, so we don’t need to define GST Rate at any
other masters. At the time of entry GST amount will calculated on the basis of GST essentially a tax only on
value addition at each stage.

To Create Company

Go to Company Info > Create Company

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To set GST Rate

Press F11 > F3 Statutory & Taxation

Enable Goods and Services Tax (GST) set to Yes

Set/Alter GST Details set to Yes

GST Details subscreen appears, fill up the details as shown

To create accounting masters

Create purchase party account

Go to gateway of tally > Accounts info > Ledgers > Create

Create Ledgers to Rakesh Mobiles

Under: Sundry Creditors

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Set/Alter GST details? Yes

Fill up the details as shown and Accept the both screen

To create ledger of local purchase

Go to Gateway of Tally> Accounts Info > Ledgers > Single Ledger > Create

Create ledger as per following screen

To create ledger for Central Tax (CGST) Ledger

Create ledger as per following screen

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To create ledger for State Tax (SGST) Ledger

Create ledger as per following screen

Inventory Masters Creations

To Create Units

Go to Inventory Info > Units of Measure > Create

Fill up the details as shown

To create stock item

Go to inventory info > Stock Items > Create >

Create Stock item of Samsung J7 as shown below

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To Create Purchase Voucher

Date Transaction
2/4/2022 A company purchased goods from Rakesh Mobile 2 nos of Samsung J7 @ ₹ 18000
B.N. - RK/001. GST Rate is 12%

Go to Gateway of tally > Accounting Vouchers > Press F9: Purchase

Press F12 & Use Common ledger account for item allocations set to Yes

Make entry as per following screen

Press Alt + A to show tax analysis, Press Alt + F1 for Details

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Press Esc to back

Press Enter to save Voucher

To view the Reports

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2

Press Enter on B2B Invoices

To Create Sales Voucher

Date Transaction

2/4/2022 A company sold goods to Amol Mobile, 1 nos of Samsung J7 @ 22000 Gst Rate is 12%
B.N. –Am/001

To Create Sales Party ledger

Go to Gateway of Tally > Accounts Info > Ledgers > Create

Create ledger of Amol Mobile as shown below :

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Set/Alter GST Details? Yes

Fill up the details as shown

Accept the screen

To create the ledger of local sales goods

Go to Gateway of Tally > Account Info > Ledgers > Create

Create ledgers as per following screen

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To Create Sales Voucher

Go to Gateway of Tally > Accounting Voucher > F8: Sales

Make entry as per following screen

Press Alt + A to show Tax Analysis, Press Alt + F1 : For Details

Press Esc to back

Press Enter to save voucher

To view print preview

Voucher select > Alt + P > I-Preview

Press Alt + Z to Zoom

 TALLY PRIME WITH GST

To view the Reports

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1

Screen appears as follows:

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GST on Stock Group Level

Here we will discuss about how to define GST on Group Level. In Business many of products are
there and all products are fall under different types of GST Rate as per different stock groups. In this scenario
GST can be defined on Stock Group level.

To Create Stock Groups

Go to Inventory Info > Stock Groups > Create

To create Stock Group Mobile with GST Rate 12%

Fill up the details as shown

Set/Alter GST details set to Yes

Fill up the details as shown

Accept the Screen

To Create Stock Group Mobile Accessories With GST Rate @18%

Fill up the details as shown

 TALLY PRIME WITH GST

Set/Alter GST details set to Yes

Fill the details as shown & Accept the Screen

To Create Stock Items

Go to Inventory Info > Stock Items > Create

To create stock item Samsung J1 Under Stock Group Mobile

Fill the details as shown & Accept the Screen

To Create Stock item Samsung J2 under Stock group Mobile

Fill the details as shown & Accept the Screen

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To create stock item Earphone under stock Group Mobile Accessories

Fill the details as shown & Accept the screen

To create stock item Charger under stock Group Mobile Accessories

Fill the details as shown & Accept the Screen

To create purchase voucher

Date Transaction
1/6/2022 A Company purchase goods from Swami Distributors Samsung J1 10 nos
@10000, GST Rate is 12 % and Earphone 10 nos @250, GST Rate is 18% SD/001

Go to Gateway of Tally > Accounting Voucher > Press F9 > Purchase

Make purchase entry as per following screen

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Press Alt + A to show Tax Analysis

Press Alt + F1

Press Esc to back

Press Enter to save Voucher

Date Transaction
1/6/2022 A Company purchase goods from Rahul Phonewala 10 nos of Samsung J2 @ 12000,
GST Rate is 12% and 10 nos of Charger @ 500, GST Rate is 18% -RP/001

Make Purchase Entry as per following screen

Press Alt + A to show Tax Analysis

Press Alt+ F1
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Sales Voucher

To create sales party master

Go to Gateway of Tally > Accounting Info > ledgers > Create

Create ledger of Arif Communication under Sundry Debtors

To Create Sales Voucher

Date Transaction

2/6/2022 A Company sold goods to Arif Communication 10 nos of Samsung J1 @ 12500, GST
Rate is 12% and 10 nos of Earphone @300, GST Rate is 18%

Go to gateway of tally > Accounting Vouchers > Press F8: Sales

Press F12 & Use common ledger account for item allocations set to No

Make sales Entry as per following screen

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Press Alt +A to show tax analysis

Press Alt + F1 for details

To View print preview

Press Ctrl + P =Print – I-Preview

To view the Report of GSTR-1

Go to gateway of tally > Display > Statutory Reports > GST > GSTR-1

To view the reports of GSTR 3B

Go to gateway of tally > Display > Statutory Reports > GST > GSTR-3

Press Alt + Fi for details

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GST On Stock Item Level

GST rates can be defined while creating stock items. This is useful when an organization trades in stock items
of more than one tax percentage.

In our earlier features we have also learn about GST on stock item level with B2B invoices entries with local
transactions, now we will learn about different scenarios like B2B , B2C, Credit & Debit Note etc with this
level.

Create a new company Superior Bags as shown below:

To activate GST options

Press F11 : features : Statutory & Taxations

Enables Goods and Services tax (GST) –Yes

Set/Alter GST rate Details: Yes

B2B Invoices

It means Business to Business Invoice

Details of sales made to Registered parties having GST filled here

There registered parties may be within state or Outside State

Hence, both local and interstate sales to registered parties are covered here
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B2B Interestate Purchase

To create ledger of Purchase GST @ 28%

Go to gateway of Tally > Accounts Info > ledgers > single ledgers > Create

Create ledger as show below:

Create ledger of IGST as shown below :

Create ledger of Rahul bags as shown below:

Fill up GST Details as shown below:

Accept the screen

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To create Units of Measure

Go to gateway of tally > Inventory Info > Units of Measure > Create

To Create Stock item

Go to gateway of tally > Inventory info > Stock items > Create

Create stock items as shown below:

Fill up GST Details as shown below:

Type of Supply : Select Goods

Accept the Screen

Recoding Interstate Purchase Voucher

Date Transaction

1/5/2022 A Company Purchased 200 nos of Travelling Bags @5000 from Rahul Bags
(Rajasthan). GST rate is 28% B.N. TB/001

Go to gateway of tally > Accounting Vouchers > F9: Purchase

Make an entry as follows:

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To check GST Report

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2

GSTR-2

Press enter on B2B Invoices, you can drill down up to transaction details

B2B Inter State Sales

In this chapter we will record sales done to registered dealer outside state.

Create ledger of Gulfam & Sons which is Inter State Customer

Go to gateway of Tally > Accounts Info > Ledger >

Single ledger > Create
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Fill up GST Details as shown below

Create ledger of Sale GST @28%

Create ledger as per following screen & Accept the screen

Recording Interstate Sales Voucher

Date Transaction

2/5/2022 A Company sold 50 nos of Travelling Bags @6000 to Gulfam & Sons (Punjab).
GST Rate is 28% B.N. – GS/001
Go to gateway of Tally > Accounting Vouchers > F8: Sales

Make an entry as follows:

Click Alt + A : Tax Analysis and Click on Alt +F1: For Detailed.

Accept the Voucher

To check the report of GSTR-1

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1

GSTR-1
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B2C Invoices

B2C Large

It means Business to Large Customer Invoices

It means interstate sales to Unregistered persons of amount more than 250000

B2C Small

It means Business to Small Customer Invoices

Interstate sales to Unregistered Person and amount is up to 250000

Local Sales to Unregistered person even if amount greater than 250000

Continue in SUPERIOR BAGS

Create ledger of Naina Trading Company as show below. It is Local Party

In GST details screen, fill up details as shown below:

Accept the screen

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Create ledger o Central Tax (CGST) as shown below:

Create ledger of State Tax (SGST) as shown below:

Sales to Unregistered Dealer Voucher

Date Transaction

1/8/2022 A Company sold 30 nos of Travelling bags @ 6000 to Naina Trading Company. GST
Rate is 28% B.N. NT/001

To make sales entry

Go to gateway of Tally > Accounting Vouchers > F8: Sales

Make entry as per following screen

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To Check Report of GSTR-1

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1

Press enter on B2C (Small) invoices, you can drill down up transaction level

Credit/Debit Notes (Registered)

Continue with SUPERIOR BAGS

Recording Credit note for Sales Return

Date Transaction
31/5/2022 Gulfam & Sons returned 2 nos of Travelling Bags @ 6000. Original Invoice No-
GS/001 & Original Invoice Date : 2/5/2022
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Go to Gateway of Tally > Accounting Voucher > Ctrl + F8: Credit Note

Make Credit Note Entry as per following screen

Provide GST Details Set to Yes

In Nature of Transaction select 01-Sales Return

To check effect in GSTR-1 Report

Go to Gateway of Tally > Display > Statutory Reports > GSTR-1

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Nil Rated Invoices

It is the supply of goods and services that have 0% GST but allows you to claim ITC on inputs

Example : Grains, Salt, Jaggery etc.

Create a new company SV Corporation as show below:

To Active GST Option

Go to Gateway of Tally > F11: Features > Enable Goods & Services Tax (GST) set to Yes

Set/Alter GST Details set to Yes

Fill up GST Details as shown below & Accept both the screen
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To Create Purchase & Sales Masters

Go to Gateway of Tally > Accounts Info > Ledger > Single > Create

Create Ledger of Purchase Nil Rated as shown below:

Create ledger of Sales Nil Rated as shown below:

To Create Unit of Measure

Go to Gateway of Tally > Inventory Info > Units of Measure > Create

Create Unit of KG as shown below:

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To Create Stock Item

Go to Gateway of Tally > Inventory Info > Stock Items > Single Stock Item > Create

Create Stock Item of Jaggery as shown below:

Set/Alter GST Details set to Yes

Fill up GST Details as shown below:

Create ledger of Sujal Traders under Sundry Creditors

Purchase Voucher

Date Transaction

1/7/2022 A company purchased 500 KG Jaggery @65 From Sujal Traders on Credit B.N.-
ST/001

To make Purchase Voucher Entry

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

Make entry as per following screen

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To check GSTR-2 Report

Go to Gateway of Tally > Display > GST > GSTR-2

Export Invoices

We covers Export (Exempted) Transaction

Press Alt + F1 to shut SV Corporation, Continue with SUPERIOR BAGS

To Create Sales Export Exempt

Go to Gateway of Tally > Accounts info > Ledger > Create

Create Sales Export Exempt ledger as shown below:

Set/Alter GST Details set to Yes

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Create Master of Sales Export Party

Create ledger of Devillers Corporation, customer is in South Africa fill up details as shown below:

Sales Export Exempt Voucher

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

Date Transaction
1/8/2022 A Company Export 25 nos of Travelling Bags @9500 to Devillers Corporation. B.N.-
DC/001

TO
To Check report of GSTR-1 with Export Invoices

Go to gateway of Tally > Display > Statutory Reports > GST > GSTR-1

Screen appears as follows:

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On pressing entry on Exports Invoices, you can drill down up to sales entry

Sas

Slab Rate Wise Sales

In many of products like shoes, Readymade Garments, Raincoats etc government has implemented
slab rate wise GST Rates. In this examples we will discuss about that.

Create a new company Virat Shoes as shown below:

To Activate option of GST

Go to Gateway of Tally > F11 > Statutory & Taxation > Enables Goods 7 Services Tax (GST) set to Yes

Set/Alter GST Details Set to Yes

Fill up the GST Details as shown below:

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To create GST Masters

Go to Gateway of Tally > Account Info > Ledgers > Single Ledger > Create

Create ledger of Purchase GST as shown below

Create ledger of Sales GST as shown below:

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Create ledger of State Tax (SGST) as shown below:

Create ledger of Central Tax (CGST) as shown below:

To Create Units of Measure

Go to Gateway of Tally > Inventory Info > Units of Measurer > Create

To Create Stock Items

Go to Gateway of Tally > Inventory Info > Stock Items Single

Stock Items > Create

Create Stock Items of Mens Leather Shoes as shown below:

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Set/Alter GST Details set to Yes

In Calculation Type select On Item Rate

Fill up the details as shown below:

In Type of Supply: Select Goods

Accept the screen

Create ledger of Foot Prints under Sundry Creditors

Purchase Voucher

Date Transaction

1/7/2022 A Company purchase 300 nos of Mens Leather Shoes @ 450 and 200 nos of Mens Leather
Shoes @1200 on credit from Foot Prints. B.N.-FT/001

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

Make Entry as per following screen

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Press Alt + A : Tax Analysis,

Press Alt+F1: For Detailed

Date Transaction
1/8/2022 A Company sold 200nos of Mens Leather Shoes @800 and 100 nos of mens Leather
Shoes @1800 On credit to Sunil Shoes. B.N.-SS/001

Create Ledger of Sunil Shoes under Sundry Debtors

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

Make entry as per following screen

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Press Alt+A : Tax Analysis to view Tax Calculation,

Press Alt+F1: For Detailed

To Check Report of GSTR-2

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2

Supply of Services

Tally Pro Training is providing Training and Consultancy.

Create a New Company Tally Pro Training as shown below:

 TALLY PRIME WITH GST

To Activate Option of GST

Go to Gateway of Tally > F11: Features > Statutory & Taxation >

Enables Goods & Services Tax (GST) set to Yes

Set Alter GST Details Set to Yes

Enter Company GSTIN Details

To Create Ledger of Training Fees

Go to Gateway of Tally > Accounts Info > Ledger > Create

 TALLY PRIME WITH GST

Set/Alter GST Details set Yes

Fill up GST Details as shown below:

In Type of Supply select Services

Accept the Screen

Create ledge of Central Tax (CGST) as shown below:

Create ledger of State Tax (SGST) as shown below:

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Date Transaction
1/9/2022 A Company provides consulting services of 9000 to Richa Realtors Pvt. Ltd. GST Rate is
18% B.N.-RR/001

Create Ledger of Richa Realtors Pvt. Ltd under Sundry Debtors

To Make Sales Entry

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

Make Entry in Accounting Invoice Mode

To change the mode click on Ctrl+H

Make Sales Entry as follows:

 TALLY PRIME WITH GST

Press Alt+A to view Tax Analysis

Press Alt+F1: Details

To check GSTR-1 Report

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1
 TALLY PRIME WITH GST

E-Way Bill

Effective from 1st April 2018, all registered dealers need to generate e-Way bill for the interstate movement
of goods if the total of taxable value and tax amount in the invoice exceeds Rs. 50000.

In tally prime, you can enter e-Way bill details only when such transactions are recorded with stock items.
The provision to enter e-Way bill details is not available in accounting invoice mode, and in companies
enabled to Maintain only accounts.

Export e-Way bill details to a JSON file from Tally prime

You can set up a company, record transactions with e-Way bill details, and create a JSON file in tally prime
for upload to the portal.

Setup for e-Way bill

1. Open the company.

2. Press F11 >
3. Enables Goods and Services Tax (GST)- Yes
4. Set/alter GST details –Yes
5. In the company GST details screen, e-Way bill options, including the applicable date, threshold
limit, and the value to be considered for the threshold limit provided.
6. Select the value to be considered for the threshold limit based on your business requirement.

Note: You can enable the option e-Way bill applicable for intrastate? Based on the applicability of e-Way bill
for your state.

You can change the settings as required. Based on the threshold limit entered, you can enter the details
required for e-Way bill in the invoices.

In the party ledger, if you have selected the registration type as:

1. Regular or Composition: The GSTIN/UIN is considered as the transporter ID.

2. Unknown or Unregistered: Enter the 15-digit transporter ID.
 TALLY PRIME WITH GST

Record invoice with details required for e-Way bill, and create JSON

When you enable e-Way bill for a company, the option Export e-Way bill details from invoice after
saving? Is also enabled in the Voucher Configuration screen.

1. Go to Gateway of Tally > Accounting Voucher > F8: Sales.

Pending notes
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What is TDS?
TDS or Tax Deducted at Source, is a means of indirect tax collection by Indian authorities according to the
Income Tax Act, 1961. TDS is managed by the Central Board of Direct taxes. In this guide lets learn how to
set-up TDS in Tally Prime.

In this Topic You will learn –

Head
Points
Topic
Introduction
Creating a New Company
Enabling the TDS Feature in Tally
Creating the TDS Statutory Masters
TDS configuration
Configuring the TDS at the Group Level
Creating the Group and Enabling TDS
Creating the Rent Ledger
TDS Creating the Party Ledger
Features in Creating the TDS and Bank Ledger
Tally Recording the Journal Voucher to Book
Expenses
Making Payment to the Party
Configuring the TDS at the Ledger Level
Creating the Nature of Payment
Creating Three Ledgers
Booking the Expenses
Viewing the TDS Reports
TDS in Tally
Create Company
Ledgers and Settings
F11 : Features
Transaction
Transaction1
Transaction2
26Q

When and how to deduct TDS?

Income and expenditure such as salary, lotteries, interests from banks, payment of commissions, rent
payment, payments to freelancers, etc. fall under the ambit of TDS.

When making payments under these segments, a percentage of the overall payment is with held by the
source that is making the payments.
 TALLY PRIME WITH GST

Deductor
The source, which can be a person or an organization, is known as the Deductor.

Deductee
The person whose payment is getting deducted is called the Deductee.

For instance, Khan Pvt. Ltd. purchase audit service from Kapoor & Associates Deductor is Khan Pvt
Ltd.

Deductee will be Kapoor & Associates.

How to activate TDS in Tally Prime

Go to Gateway of Tally > F11: Features > Statutory and Taxation

Enable following options by typing ‘Yes’

Enable Tax deducted at source (TDS) ?

Set/alter TDS details?

TDS nature of payment.

Before creating TDS nature of payment, you should know there are some transactions specified
under Income Tax rules attract TDS. Here is a list transaction and its payment code.

Section Nature of Payment Code

192 Payment to Govt. Employees other than Union Government Employees 92A

192 Payment of Employees other than Govt. Employee 92B

193 Interest on Securities 193

194 Dividend 194

194A Interest other than interest on securities 94A

194B Winnings from lotteries and crossword puzzles 94B

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194BB Winnings from horse race 4BB

194C Payment of contractors and sub-contractors 94C

194D Insurance Commission 94D

194E Payments to non-resident Sportsmen/Sport Associations 94E

194EE Payments in respect of Deposits under National Savings Schemes 4EE

194F Payments on account of Re-purchase of Units by Mutual Funds or UTI 94F

194G Commission, prize etc., on sale of Lottery tickets 94G

194H Commission or Brokerage 94H

194I Rent 94I

194J Fees for Professional or Technical Services 94J

Income payable to a resident assesse in respect of Units of a specified

194K Mutual Fund or of the units of the UTI 94K

194LA Payment of Compensation on acquisition of certain immovable property 4LA

194LB Income by way of Interest from Infrastructure Debt fund 4LB

Income by way of interest from Indian company engaged in certain business

194LC 4LC

195 Other sums payable to a non-resident 195

196A Income in respect of units of Non-Residents 96A

196B Payments in respect of Units to an Offshore Fund 96B

Income from foreign Currency Bonds or shares of Indian Company payable to

196C Non-Resident 96C

196D Income of foreign institutional investors from securities 96D

For more authority report and TDS rate chart visit income tax official website
 TALLY PRIME WITH GST

TDS Reports
There are Two main reports in TDS Report section

Form 26 Q : As per the Income Tax Act, 1961, every corporate and government entity responsible for
deduction of tax at source should furnish TDS returns containing details of deductee(s) and challan details
relating to deposit of tax with the Income Tax Department. Form 26Q is the Quarterly return of TDS in
respect of all payments other than salaries.

This is applicable for Resident and the due date for Government entities is July 31st, October 31st, January
31st, and May 15th; for non-government entities the due dates for filing returns are July 15th, October 15th,
January 15th, and May 15th.

Form26 Q can be accessed from

Gateway of Tally > Display > Reports > Statutory Reports > TDS Reports > Form 26Q.

Form 27 Q : Form 27Q is a Quarterly return for deduction of tax in respect of payments made to non-
residents other than salary.

Form 27 Q can be accessed in Tally Prime

Gateway of Tally > Display > Reports > Statutory Reports > TDS Reports > Form 27Q.

• Form 26Q
• Form 27Q
• Return Transaction Book
• Challan Reconciliation
• TDS Outstanding
• Ledgers without PAN
 TALLY PRIME WITH GST

Lab Exercise

Create a new company – Khan Pvt. Ltd. & solve the following transaction in the Current financial
year, SBI Bank Opening Balance – 5,00,000/-
Tax Assessment Nsumber : WBTG01547A
Income Tax Circle/Ward (TDS) : WBTDS – 327
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Deductor Type : Company

Name of Person Responsible : Suraj Khan
Designation : Accounts (HOD)

1. rahul Pvt. Ltd. purchase audit service from Kapoor & Associates (Individual / HUF Resident)
for auditing books of accounts. Company raised Bill on Kapoor & Associates on dt.8/10/2022.
Audit Fees of Rs. 40,000 paid to Kapoor & Associates through SBI Bank (Chq. No. 700501)
dated 19/10/2022 after deducting TDS.

2. Rahul Pvt. Ltd. paid Commission of Rs.45,000 to Everest Enterprise (Company Resident) for
the Sale made by them till 14/11/2022. Billed raised on Everest Enterprise on dt.16/11/2022
and bill paid through SBI (Chq. No. 500129) after deducting TDS on dt.19/11/2022.

3. Received Bill of Office Rent for the month of Nov.17 of Rs. 2,00,000 on 01/12/2022 from
Anupam & Co. (Partnership Firm). Company paid bill through SBI (Chq. No. 500130) on
07/12/2022 after deducting TDS.

4. A company hired Joseph Contractor (Company Resident) a civil contractor for creation of
machinery. Contract charges of Rs.1,60,000 billed on 4/1/2023. 60% amount was paid to him
in advance on 1/1/2023 through SBI (Chq. No. 500141) Joseph Contractor finished their work
and balance amt. was paid to him after deducting TDS though SBI (Chq. No. 500142) on
24/1/2022.

TDS paid dates –

1. Payment of TDS on Professional Fees is made through SBI (Chq. No. 700502) on 4/11/2022
to the Income Tax Department.
2. TDS on Commission paid through SBI (Chq. No. 500130) on 5/12/2022 to Income Tax
Department.
3. TDS on rent paid through SBI (Chq. No. 500131) on 4/1/2023 to Income Tax Department.
4. TDS on Contract, payment is made through SBI (Chq. No. 500143) on 3/02/2023 to Income
Tax Department.
 TALLY PRIME WITH GST

TCS (Tax Collected at Source)

Create Company
Name : Shape Engineers

State : Maharashtra

Financial Year From : 1-4-2022

Book Beginning From : 1-4-2022

Activate Feature
F11 Features Statutory and Taxation set yes to following lines

1. Enable Tax Collected at Source (TCS)? Yes

2. Set/Alter TCS details? Yes

Create TCS Nature of Goods

Accounts Info Statutory Info TCS Nature of Goods Create Press Ctrl+C for TCS Helper Scrap
 TALLY PRIME WITH GST

Create Ledgers
Accounts Info Ledger Create

Name Under
Global Finance Bank Bank Accounts
Sales Sales Accounts
TCS on Scrap Duties and Taxes

Create Inventory
Inventory Info Stock Items Single Stock Items Create

Name Under Unit Nature of Goods Quantity

Scrap Primary MT (Metric Tons) Scrap 1500 MT

Transaction

Date Transactions
10/07/2022 Sold 500 mt scrap to Vision Creators (Company Resident) @ Rs. 300/- each on 5 Days Credit,
Invoice No. VC-01
12/07/2022 Receive Cheque of Rs. 1,51,500.00 from Vision Creators against Invoice No. VC-01 (Chq. No.
123789)

TCS at Lower Rate

Date Transactions
14/07/2022 Sold 500 mt scrap to Sandstone Traders (Company Resident) @ Rs. 300/- each on 5 Days Credit,
Invoice No. ST-01. The scrap attracts TCS at the rate of 0.5%
15/07/2022 Receive Cheque of Rs. 1,50,750.00 from Sandstone Traders against Invoice No. ST-01 (Chq. No.
123788)

In the Sandstone Traders ledger

Press F12 Configure and set yes to allow advanced entry in TCS master

Set yes to use advance configuration for TCS

Set yes to Set/alter zero/lower rate for collection

 TALLY PRIME WITH GST

TCS at Nil Rate

Date Transactions
17/07/2022 Sold 200 mt scrap to Spectrum Production (Company Resident) @ Rs. 300/- each on 5 Days Credit,
Invoice No. SP-01. The TCS is Nil because Spectrum Production is using the scrap only for
manufacturing purpose.
18/07/2022 Receive Cheque of Rs. 60,000.00 from Spectrum Production against Invoice No. SP-01 (Chq. No.
123787)

In the Spectrum Production ledger

Set yes to use advance configuration for TCS

Set yes to Set/alter zero/lower rate for collection

View TCS Outstanding

Display Statutory Reports TCS Reports TCS Outstanding

 TALLY PRIME WITH GST

TCS Payment to Government

Date Transactions
30/07/2022 Paid TCS on Scrap to Government by cheque (Chq. No. 456123) Pass 2
Different Payment entry for this
 TALLY PRIME WITH GST

What do mean by Payroll:

The total wages not including benefits, paid by business during each forecast year. The
term refers to a series of accounting transaction involved in the process of paying employees
for the service rendered after taking all the statutory and nonstatutory deduction into account,
in conformance with the term of employment .company policy and the law of the land i. e
payment of payroll taxes insurance premiums, employee benefit and other deductions .An
efficient payroll system facilitates an error free accurate and timely employee payment while
ensuring that the employment is well within the valid work permit.

In this Topic You will learn –

Head Topic Points

Enabling Payroll in Tally Prime

Payroll Process
Five Easy Steps to Generate a Pay Slip
Payroll
Create Payroll Masters
Features
Create Payroll Masters
Create Salary Details
Process Payroll and Generate Pay Slip
Payroll Configurations
Employee Groups
Creating Payroll Masters
Creating Employee Groups
Creating Other Groups
Employee Master
Creating Employee
Creating Other Employees
Payroll Units
Payroll Creating Payroll Unit
Masters Creating Compound Payroll Unit
Attendance or Production Types
Attendance or Production Type
Creating Attendance or Production Type
Pay Heads
Calculation Types
Creating Earning Pay Head
Creating Other Earning Pay Heads
Creating Deduction Pay Head
Creating another Deduction Pay Head
Gratuity Expenses Pay Head
 TALLY PRIME WITH GST

Salary Details
Creating Salary Details for Employee
Group
Creating Salary Details for Employee
Types of Payroll Vouchers
Payroll Processing
Payroll Types of Payroll Vouchers
Transactions Voucher Entry
Attendance Voucher
Payroll Voucher
List of Payroll Reports
Pay Slip
Payroll Pay Sheet
Reports
Payroll Statement
Purpose of Payroll Reports

Salient features
• It is fully integrated with accounts to give you the benefits of simplified payroll processing and
accounting.
• It has user defined classification and sub classification for comprehensive reporting this may be related
to the employees employee groups pay components departments etc.
• It provides the facility to create user defined earning and deducting pay heads.
• It allows flexible and user definable of masters.
• It supports user defined production units ie attendance production time based remuneration.
• It provides a flexible processing period.
• It provides comprehensive cost centre as well as employee wise costing reports.
• It ensure an accurate and timely salary processing employee statutory deduction and employer
statutory contribution with the help of predefined process.
• It facilitates an accurate computation and deduction of esi, epf professional tax gratuity etc.
• It helps in generation of statutory forms and challans for EPF and ESI as prescribed.

Payroll Reports
PAYSLIP
To view or print report Go to Gateway of Tally Display >>Payroll Report>>Statement of Payroll>>Pay
slip>>Single Payslip.

Select the name of employee, select period & press Enter.

For printing this payslip press Alt+P.

For exporting payslip to PDF Press Alt+E.

 TALLY PRIME WITH GST

Payslip will be as follows –

You can explore more in payroll reports with

• Pay sheet
• Payroll Statement
• Payment Advice
• Payroll Register
• Employee Profile
• Employee head count
• Employee pay head break-up
• Pay Head employee break-u

Payroll System in Tally

 TALLY PRIME WITH GST

Create employee categories for payroll

NAME ALLOCATE REVENUE ITEMS ALLOCATE NON REVENUE ITEMS

Showroom Yes No
Store Yes No

Create employee groups for payroll

CATOGERY NAME UNDER

Showroom Sales Primary
Showroom Cashier Primary
Store Store Keeper Primary

Create unit

Type FORMAL NAME NUMBER OF DECIMAL PLACES

Simple Hrs Hours 0
Simple Min Minutes 0

Type First Unit Conversion Second Unit

Compound Hrs 60 Min

Create Attendance/Production type

NAME UNDER ATTAMDANCE TYPE

Present Primary Attendance/leave with pay
Absent Primary Leave without pay
Overtime Primary Production (unit- Hrs of 60 Min)

Pay Heads
PAY HEADS
Basic salary
HRA 20% of Basic Salary
DA 40% of Basic Salary
TA At Actual Rate
Overtime Pay On production
Provident Fund 8.33% of Basic Salary
Employee State Insurance Flat Rate
 TALLY PRIME WITH GST

Employee
CATEGORY EMPLOYEE NAME JOINING DATE
Showroom Smita Sales 01 Apr 2018
Showroom Seema Cashier 01 April 2018
Store Raju Store keep 01 April 2018

Salary details
EMPLOYEE NAME BASIC SALARY DA TA ESI OVERTIME
Smita 10000 1500 120 -
Seema 7000 2000 120 500
Raju 4000 1000 120 -

Attendance voucher for the month of Sept 2018

EMPLOYEE NAME PRESENT ABSENT OVERTIME
Smita 28 0 0
Seema 27 0 5
Raju 25 0 0

Payment in Payroll Voucher for the month of Sept 2022

Trail Balance – 42,200

Balance Sheet – 42,200
 TALLY PRIME WITH GST

E-Payments in Tally Prime

In Modern Computer Institute (Banking) Company

Create Ledger

Standard Chartered Bank under Bank Accounts with Opening Balance Rs. 10,00,000/-

Date Transactions
02/06/2022 Purchase Goods worth Rs. 5000/- from Ideal Book Shop on 2 days credit invoice no. IBS/002
(Voucher Mode)
03/06/2022 Paid Rs. 5000/- to Ideal Book Shop against invoice no. IBS/002 via e-Fund Transfer

Export E-Payment Instruction to Bank

U need to have your tally.net id registered with your bank to send the payment instruction directly to your
bank for authorisation. For other banks u can export (csv format) the payment instruction in the required
format and upload the same to your bank portal
 TALLY PRIME WITH GST

Note: u must have tally license version for this activity

E-Payment Reports
Banking e-Payments Ready for sending to Bank

Bank Reconciliation
There are two types one is manual and other is auto reconcile

Manual Bank Reconciliation

1st Method
Banking Bank Reconciliation Select Bank Change Period

2nd Method
Display Account Books Cash/Bank Book Select Bank Select Month Press F5 Reconcile

3rd Method
Display Account Books Ledger Kotak Mahindra Bank From 01/04/2018 to

31/03/2019Press F5 Reconcile

Auto Bank Reconciliation

Banking Bank Reconciliation Select Bank Change Period Press Alt+B Bank Statement

Note: u must have tally license version for this activity