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.
Path: Gateway of Tally -> F11 Features -> Statutory and taxation
Enable GST Classifications: Yes
Press enter to save the screen
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
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.
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
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
How to Activate GST in Tally ERP9
Debit Note and Credit Note in Tally ERP9
GST Exempted Sales in Tally ERP9
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