GST Classifications in Tally ERP9

You can create a GST classification based on the requirement in order to record GST details such as GST rate, HSN/SAC and other details of the goods.

 

When GST classification is used in relevant masters, then automatically the tax details of goods or services will be captured. In case any amendments has done by the GST council in future about tax rate then alter the GST classification and assign the new tax rate.

 

 

To enable GST classification in Tally

 

Path: Gateway of Tally -> F11 Features -> Statutory and taxation

 

 

Enable GST Classifications: Yes

 

Press enter to save the screen

 

 

 

Create a GST Classification based on HSN Code

 

Path: Gateway of Tally -> Accounts Info -> Statutory Info -> GST Classifications -> Create

 

 

Select the nature of transaction if required

 

Select the Taxability: Taxable

 

Enter the rates as applicable

 

Press enter to save the screen

 

 

 

Create Stock items

 

Path: Gateway of Tally -> Inventory Info -> Stock Items -> Create

 

 

Set/alter GST details: Yes, once enable this option then the below GST details for stock item screen will appear.

 

Enter relevant GST classification as shown below.

 

 

 

Note that tax details will not appear from the GST Tariff Details screen because the details are taken from the GST Classification.

 

 

While creating a stock item in Tally.ERP9, you have to a select relevant GST classification in GST details for stock item screen.

 

 

 

Create a GST Classification based on SAC

 

Path: Gateway of Tally -> Accounts Info -> Statutory Info -> GST Classifications -> Create

 

 

Select the nature of transaction if required

 

Select the Taxability: Taxable

 

Enter GST rate as applicable

 

Press enter to save the screen

 

 

 

 

GST Classification for updating GST details for a service ledger

 

Path: Gateway of Tally -> Accounts Info -> Ledgers -> Create

 

 

Name: Computer Maintenance Services

 

Under: Sales Accounts

 

Inventory values are affected: Yes

 

Is GST Applicable: Applicable

 

Set/alter GST Details: Yes, once enable this option then the below GST details for ledger screen will appear.

 

Enter relevant GST classification as shown below.

 

Type of Supply: Services

 

Press enter to save the screen

 

 

 

 

 

 

Related Topics

 

How to Activate GST in Tally ERP9

 

Debit Note and Credit Note in Tally ERP9

 

GST Exempted Sales in Tally ERP9