TALLY GST IN MALAYALAM | GST PURCHASE POSTING | GST IN TALLY PART 1| TALLY ERP9 MALAYALAM SIMPLE

Introduction

This tutorial provides a comprehensive guide on how to handle GST purchases in Tally ERP 9, specifically tailored for Malayalam speakers. It covers the essential steps for configuring GST in Tally, posting GST vouchers, and understanding intra-state and inter-state sales. Whether you're a beginner or looking to refresh your skills, this guide will help you navigate Tally's GST features effectively.

Step 1: Setting Up Tally for GST

To begin using GST in Tally ERP 9, you need to configure your Tally settings appropriately.

1. Open Tally ERP 9.
2. Create a New Company:
   • Go to the Gateway of Tally.
   • Select "Create Company."
   • Fill in the required details such as the company name, address, and financial year.
3. Enable GST:
   • In the company creation screen, set "Enable GST" to Yes.
   • Enter the GST registration number, if applicable.
4. Select the appropriate state from the drop-down menu to ensure correct tax calculations.

Step 2: Configuring GST Rates

Once your company is set up, configure the GST rates according to your business needs.

1. Navigate to the GST Configuration:
   • Go to Gateway of Tally > F11: Features > Statutory and Taxation > Enable Goods and Services Tax.
2. Set GST Rates:
   • Define the GST rates applicable to your purchases.
   • Ensure that you correctly set the rates for SGST, CGST, and IGST depending on whether your transactions are intra-state or inter-state.

Step 3: Recording GST Purchases

Now that Tally is configured, you can start posting GST purchase entries.

1. Go to the Gateway of Tally.
2. Select Accounting Vouchers:
   • Press F9 to enter the Purchase Voucher screen.
3. Enter Purchase Details:
   • Input the supplier's name under the "Party A/c Name" field.
   • Specify the purchase date and relevant details such as the item name, quantity, and rate.
4. Input GST Amount:
   • Tally will automatically calculate the GST based on the rates configured earlier.
   • Verify the total amount including GST before saving.
5. Save the Voucher:
   • Press Ctrl + A to save your purchase entry.

Step 4: Understanding Intra-State and Inter-State Sales

To ensure compliance with GST regulations, it's crucial to differentiate between intra-state and inter-state sales.

1. Intra-State Sales:

   • Sales occurring within the same state will attract both SGST and CGST.
   • Ensure that both taxes are recorded correctly in the purchase entry.

2. Inter-State Sales:

   • Sales between different states will incur IGST.
   • Confirm that the correct tax is applied based on the nature of the sale.

Conclusion

By following these steps, you should be able to configure GST in Tally ERP 9 and record GST purchases accurately. Remember to regularly update your GST rates and maintain compliance with changing tax regulations. As you become more familiar with Tally, consider exploring more advanced features to enhance your accounting processes. For further learning, check related resources on Tally and GST to deepen your understanding.