Tally Prime With GST (Aptech)

1 Tally Prime with GST
BRANCH I Near Govt. College, Beawar Road,Ajmer(305001)
Rajasthan
Aptech computer Education 1

BRANCH II 7, CineWorld(Glitz) Cinema Road,Gyan Vihar Gate, B.K. Kaul Nagar,Ajmer (305001)
Rajasthan

Rules of Accounting
1. Personal A/c : Name , Organization name
Debit: The Receiver
Credit: The Giver
2. Real A/c: Cash, Goods, Assets, any other things.
Debit: What Comes In (Business)
Credit: What Goes Out (From Business)
3. Nominal A/c : Expenses , Losses , Gains , Incomes
Debit: Expenses, Losses
Credit: Gains, Incomes
Name Side Goods Assets

Purchase Dr. Purchase Assets Name
Sales Cr. Sales Assets Name
Purchase Return Cr. Purchase Return Assets Name
Sales Return Dr. Sales Return Assets Name
Important Definations :-
1) Goods : Goods are the things that are purchase to be sold.
2) Assets : Assets are the things that are use only for office
purposes.
3) Capital: Capital indicates the amount of funds contributed by
the owner of the business to the requirement of funds of the
business. Capital are always credited.
4) Drawings : Drawings represents the amount of cash or value
of goods withdrawn by the owner of the the business for
personal use. Drawings are always Debited.

Journal Entries
Q.1
I. Started business with Cash Rs. 200000 and machinery Rs. 50000.
II. Deposit Rs. 100000 in bank a/c.
III. Purchase goods from kamal Rs. 7000.
IV. Sale goods to vimal Rs. 5000.
V. Return goods to kamal Rs. 1000.
VI. Payment to kamal.
VII. Purchase furniture Rs. 5000.
VIII. Return goods by vimal Rs. 500.
IX. Receive cash from vimal.
X. Withdraw Rs. 5000 for his personal use.
Q.2
I. Narendra started business Rs. 30000
II. Purchase goods by cash Rs. 15000
III. Sold goods to Amar Rs. 6000
IV. Purchase goods from shyam Rs. 4000
V. Purchase furniture Rs. 3000
VI. Receive cash from Amar Rs. 2000
VII. Purchase goods from kishan for cash Rs. 1000
VIII. Paid shop rent to Ram Rs. 500
IX. Receive commission form Mahesh Rs. 1000
X. Cash sales Rs. 8000
XI. Cash withdraw for personal use Rs. 2000
Q.3
I. Sold goods to Ronak Rs. 5000
II. Bought goods from Shantilal Rs. 4000
III. Paid insurance premium Rs. 860
IV. Receive from kanaram Rs. 2120
V. Discount allowed Rs. 80

VI. Goods return to Shantilal Rs. 200

VII. Sold goods to karan Rs. 9000
VIII. Paid for stationery Rs. 1200
IX. Paid rent to landlord Rs. 1000
X. Receive from karan Rs. 9000
XI. Interest paid to Anil on his deposite Rs. 200
Q.4
I. Started business with cash Rs. 500000
II. Open account with Bank of Baroda Rs. 400000
III. Cash purchase Rs. 50000
IV. Sold goods to Hari Rs. 20000
V. Goods return by Hari Rs. 1000
VI. Bought goods from Prem Rs. 20000
VII. Receive payment from Hari Rs. 19000
VIII. Payment made to Prem by cheque Rs. 20000
IX. Bought machinery and paid by cheque Rs. 50000
X. Paid salary Rs. 10000
Q.5
I. Bought goods for cash Rs. Cash Rs. 2500
II. Bought office Furniture for cash Rs. 500
III. Paid for Postage Rs. 10
IV. Purchase goods from Rajkamal Rs. 2000
V. Sold goods for cash Rs. 150
VI. Bought goods from Rahul Rs. 400
VII. Sold goods to Suresh Rs. 400
VIII. Sold goods to Nayak Rs. 250
IX. Purchase goods for cash Rs. 400
X. Receive cash from Nayak Rs. 200
XI. Paid cash to Rahul Rs. 50
XII. Return goods to Rajkamal Rs. 200
XIII. Suresh returned goods Rs. 50
XIV. Paid salary Rs. 150
XV. Sold goods for cash Rs. 500

XVI. Rao withdraw for his personal use Rs. 800

XVII. Paid for stationery Rs. 100
XVIII. Paid rent Rs. 50
XIX. Receive commission Rs. 225
XX. Paid rent to landlord Rs. 1200

What is Tally?
Tally is a Most Popular "Accounting Software whose full name is Transactions
Allowed in a Linear Line Yards which was created by Tally Solution Private
Limited in 1986 by Shyam Sundar Goenka and his son Bharat Goenka,
headquartered in Bangalore, (Karnataka) is located.)
Tally is used to perform accounting related tasks in any business, company,
bank or government offices.
(Accounting is the process of maintaining, managing and managing the transactions of
money in banks, shops or government offices, which includes many other types of work.)
In Tally, the amount deposited, withdrawn amount, complete information of

that account as well as description of accounts is also entered which can be
easily managed by all kinds of work and can be viewed or received later.

Company Creation in Tally Prime
 Create Company
Fill Your Company Details>
Accept the Screen:

 Now The Company Features Screen:
Accept the Screen:

Now Gateway of Tally >
Press Alt+K>Company info.>

1. Create>
For Create New Company.
2. Alter>
For Change or Configure Company
Details (Name, Address and Other
details).
3. Change(F3)>
For Switch Company
4. Select (Alt+F3)>
Select Pre-Created Company From List.
5. Shut Company(Ctrl+F3)>
For Close Company from Gateway of
Tally.
Change Current Period: Alt+F2
Change Current Date: F2

Ledger
A Ledger is the actual account head to which you identify a transaction
and must be used in all Accounting Vouchers. Without a ledger we cannot
record any transactions.
 Gateway of tally > Create >Accounting Master> Ledger
1. Create: Allows to you create a new ledger.
A ledger is used to record and track all financial transactions of a

company, including sales, purchases, expenses, and revenues. Each
transaction is recorded in a ledger as a journal entry, which includes the
date of the transaction, the amount, and a description of the
transaction.

All Ledgers have to be classified into Groups. Classification of Ledgers to

the appropriate groups is very important. These Groups and Ledgers are
classified to Profit & Loss or Balance Sheet.
` Ledger Groups
i. Purchase Purchase
ii. Sales Sales
iii. Purchase Return Purchase
iv. Sales Return Sales
v. Capital Capital
vi. Drawings Capital
vii. Bank Bank
Person Name / Organization Name
Sundry Debtors: A person who receives goods or services from a

business in credit or does not make the payment immediately and
is liable to pay the business in the future is called a Sundry Debtor.
Sundry Creditors: A person who gives goods or services to the

business in credit or does not receive the payment immediately
from the business and is liable to receive the payment from the
business in future is called a Sundry Creditor.
Expenses:
Direct Expenses: Direct expenses means all expenses directly

connected with the manufacture, purchase of goods, and bringing
them to the point of sale. Direct expenses include carriage inwards,
freight inwards, wages, factory lighting, coal, water and fuel, royalty
on production, etc.
Indirect Expenses: Indirect Expenses are those expenses that

cannot be assigned directly to any activity since these are

completely incurred while operating a business or as a part of a

business, examples of which include business permits, rent, office
expenses, telephone bills, depreciation, audit, and legal fees.
Incomes:
Direct Incomes: Direct income is the profit you make directly

from the selling.
Indirect Incomes: One that is gained from non-business

activities is indirect income. Sales of old newspapers, sales of
cardboard boxes for instance, etc. Newspapers, old cutlery, bottles
and cans, and other items are likely to be found in the same coffee
shop. You may either hold them or throw them away.

Accounting Vouchers
Accounting Vouchers are used to record all accounts related
transactions.
Gateway of tally > Vouchers

1. Contra Voucher
2. Payment Voucher
3. Receipt Voucher
4. Journal Voucher
5. Sales Voucher
6. Credit-Note Voucher
7. Purchase Voucher
8. Debit-Note Voucher
1. Contra Voucher (F4):- Contra entry is a transaction involving

transfer of cash between one cash a/c to another or one cash a/c to
another bank a/c.
Cash a/c to Bank a/c
Bank a/c to Cash a/c
Bank a/c to another Bank a/c
Ex.
Bank a/c Dr. 50000
To cash a/c 50000
2. Payment Voucher (F5):- payment Voucher is used to account all the
payment made by the company by way of cash / Bank.
Ex.
Salary a/c Dr. 30000
To Bank / cash a/c 30000
3. Receipt Voucher (F6):- Any money received from debtors against
sales invoice or on account for all transactions where money is
received using the receipt voucher.
Ex.
Bank / Cash a/c Dr. 40000

To Commission a/c 40000

4. Sales Voucher (F8):- Sales Voucher is used to record the credit sales
transactions of the company.
Ex.
Ram a/c Dr. 25000
To Sales a/c 25000
5. Purchase Voucher (F9):- Purchase Voucher is used to record the
credit purchase transactions of the company.
Ex.
Purchase a/c Dr. 30000
To shyam a/c 30000
6. Credit Note (Alt+F6):- it is used to record Sales Return transactions.
Ex.
Sales Return a/c Dr. 500
To Ram a/c 500
7. Debit Note (Alt+F5):- it is used to record purchase Return
transactions.
Ex.
Shyam a/c Dr. 800
To purchase Return a/c 800
8. Journal Voucher (F7):- journal vouchers are used to adjust debit
and credit amounts without involving to cash or bank accounts.
Ex.
Stationery A/c Dr. 1200
To Mohan a/c 1200
Formats
1. Contra
2. Payment Use single / double entry mode (Change : Press
Ctrl+H)

3. Receipt
4. journal
5. Purchase
6. Sales
7. Credit Note
8. Debit Note
As Invoice As
Voucher (Change: Ctrl+H)
Acct. Invoice Item Invoice
Maintain bill wise details

By activating the Bill wise feature, the ledger masters under Sundry
Debtors and Sundry Creditors automatically displays an additional
option called Maintain balances bill-by-bill. On setting this option to
Yes, an additional option Default Credit Period is displayed.
When you enter details of sales and purchases with the Bill-wise
option activated, Tally Prime prompts 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.

(For Non-Trading A/cs also)

I. If you want to maintain bill wise details for Non-Trading Accounts
also, set this option to Yes. Bill wise Details for Non-Trading
Accounts is useful in those cases where one needs to track either an
installment to be paid or a loan amount to be received over a
certain period of time. Purchase goods from Ram Rs. 50000
Gateway of tally > Voucher > Purchase Voucher (F9) >
To Ram 50000
New Ref. 256/12 - 50000
(When we receive/paid New Bill) (Bill No.) (Due Date) (Amount)
By Purchase
50000
II. To check Pending Bill
Gateway of tally > Display More Reports > Statement of Account >
Outstanding > Ledger > Ram (Debtor/Creditor Ledger)
Paid amount to Ram (When Pay Pending Amount)
Gateway of tally > Voucher > Payment Voucher (F5) >
By Ram 50000
Agst. Ref. 256/12 - 50000
(When we receive/paid pending amount) (Bill No.)
To Cash
50000
III. To check Pending Bill
IV. Gateway of tally > Display More Reports > Statement of Account >
V. When we paid advance amount to creditors
Gateway of tally > Accounting Voucher > Payment Voucher (F5) >
By Ram 20000
Advance Ref. 789/32 - 20000
(When we paid advance amount) (Bill No.)
To Cash 20000
VI. To check Pending Bill
VII. Gateway of tally > Display More Reports > Statement of Account >
VIII. When we receive goods Against Advance amount

Gateway of tally > Vouchers > Purchase Voucher (F9) >

To Ram 20000
Agst. Ref. 789/32 - 20000
By Purchase 20000
To print a bill:-
1. Print :- Ctrl+P
2. Zoom :- Ctrl+P > preview > F4
3. No. of copies :- Ctrl+P > F5

Q.
1. Purchase goods from Raj Traders Rs. 20,000
Bill No. 2023/63
2. Sale goods to shyam Infotech Rs. 12,000
Bill No. 108/89
3. Advance payment to Hari Traders Rs. 25,000
Bill No. 136/45
4. Payment to Raj Traders Rs. 20,000
Bill No. 2023/63
5. Purchase goods from Hari Traders Rs. 25,000
Bill No. 136/45
6. Advance Receive from Ravi kumar Rs. 30,000
Bill No. 104/23
7. Amount receive from Shyam Infotech Rs. 12,000
Bill No. 108/89
8. Sale goods to Ravi Kumar Rs. 30,000
Bill No. 104/23

Allow Multi Currency

Many Organizations have transactions in more than one currency. Such
transactions have to be recorded either in the base (home) currency or in
the foreign currency. If the transactions are recorded in home currency,
the rate at which the foreign currency is exchanged should be recorded as
well. At times you need to record the transaction in the foreign currency
itself when you maintain the balance of the concerned account in foreign
currency. The base currency is specified while creating the company.
Gateway of Tally > Create> search> Currency>
Create New :> For Create New Currency ($).

Exercise 1. Purchase Goods from Krishna Traders $100, Exchange Rate

80Rs. /$
(Bill Number 458/78).
Gateway of Tally> Voucher > Purchase Voucher (F9)>
Press Ctrl+ H: (Select- As Voucher)
1Apr-2023
Cr. Krishna Traders $100 Cr.
Dr. Purchase A/c $100 Dr.
Set Exchange Rate:
Enter Bill Wise Details For This Purchase.
New Ref. 458/78 $100 Cr.
Accept The Voucher.

Payment to Krishna Traders:
Gateway of tally > Voucher > Payment Voucher (F5)
Dr. Krishna Traders $100 Dr.
Cr. Cash A/c $100 Cr.
To check :-
1. Gateway of tally > Balance Sheet > Show Unadjusted forex gain &
loss.
Gateway of tally > Profit & Loss a/c > Not Show forex gain / loss.
To Adjust, Unadjusted Forex Gain & Loss (when Profit)

1. Gateway of tally > Create > Voucher type >
Name: Forex Journal
Type of Voucher: journal
Name of class: Forex adjustment
Use class for forex gain & loss adjustment: Yes
Accept the Voucher
2. Gateway of tally > Voucher > Journal Voucher (F7) >
Voucher Type: Forex Journal
Name of class: Forex adjustment
Account: Forex Gain
Krishna Traders (Debtor/creditor Name)
Accept the entry.
To check:-

1. Gateway of tally > Balance Sheet > Not show Unadjusted forex gain
& loss.
2. Gateway of tally > Profit & Loss a/c > Show forex gain / loss.
Same process on Sales

Interest on Debtors and Creditors
Date: 1-Apr-2023
Sales goods to Ajeet Singh on credit Rs. 5,000
Interest Rate: 5% per Month
Gateway of tally > Press F11 > Show all Features> yes
Accounting
Enable Interest Calculation > Yes
Save Changes Press Ctrl+A
Gateway Of Tally > Voucher > Sales Voucher (F8)
Change mode: Ctrl+H (As Voucher)
Dr.
Create Ledger Press Alt+C
Name: Ajeet Singh
Under: Sundry Debtor
Activate Interest Calculation: Yes

Calculate Interest Transaction-by-Transaction: Yes (if you want
To calculate interest for each transaction).

Dr, Ajeet Singh 5,000 Dr.
Cr, Sales 5,000 Dr.
Accept > Yes

Receive Cash after 16-Apr-2023

Gateway of Tally > Press F2(Change Date)
Gateway of Tally > Voucher > Receipt Voucher (F6)

Cr. Ajeet Singh 5,000 cr.
Dr. Cash 5,000 dr.
The Interest Calculations Report can be displayed and printed.
Press Alt+G (Go to) > Search> interest :

> Ledger interest Calculation > Ajeet singh.
Gateway Of Tally > Alter

> Voucher Type > Debit note (If Receivable)

Gateway Of Tally > Voucher >Debit Note Voucher (Alt+ F5)

Accept the Voucher

To Check:
Gateway of tally > Alt+G (Go To) >
Profit & Loss Account > Alt+F1
 Same On Purchase

Maintain budget and control

A budget is a plan prepared for the flow of funds in an organization. It
contains financial guidelines for the future plan of action for a selected
period of time. A budget helps to refine goals and use funds efficiently. It
provides accurate information for evaluation of financial activities, aids in
decision making and provides a reference for future planning.
Create Company: Your Company Name

Gateway of tally > Create > Search > Budget > Show Inactive >

Gateway of tally > Voucher > Payment (F5) >
Accept the Voucher Entries.

To Check: Gateway of tally > Display More Report >Trail Balance> (Press
F10)
Maintain Cost Centre

A Cost Centre can be defined as a unit of an organization to which
transactions can be posted. When only costs or expenses are

allocated to these units, they are referred to as Cost Centers. The

Cost Centre feature is activated by setting this option to Yes.
I. Gateway of tally > Press F11 > Features (F1) > maintain Cost Centers
> Yes.
II. Gateway of tally > Accounts Info > Cost Centre > create >
Name : Rajendra Singh
Name : Lalchnad Rathore
Name : Mohan Suthar
Name : Shiv Chaudhary
III. Gateway of tally > Voucher > F5(Payment Voucher)

IV.
To Check: Press Alt+G (Go to) > Cost Centre Breakup>

Enter Any One (Lalchand Rothore)


Cost Categories
Cost Categories are useful for organizations that require allocation of
Revenue and Non-Revenue Items to parallel sets of Cost Centers. Some of
the examples of Cost Categories can be Region wise or geography wise,
Grade wise, Department wise and so on.
Gateway of tally > Create> Show More > Cost Categories > create New>
Sales Department
Gateway of Tally > Alter> Cost Center>
Alter All Employee One By One
Follow This:
Gateway of Tally > Voucher> Payment Voucher >

Dr. Salary 50,000 Rs.
Cr. Cash 50,000 Rs.

Accept the Voucher

To Check :
Alt+G (Go To)
Categories Summary > Check One by One.

Pre-Defined Cost Centers

Gateway of tally > Create > Show more> Cost Centres Class >
Fill Details.
Gateway Of Tally > Voucher > Payment >

Press F12
Select Cost Centre/Class > Yes.
Cost centre Class: Manager

Dr. Salary 50,000 Dr.
Cr. Cash 50,000 Cr.
Same Process On Salesman Class
To check:

Alt + G (Go To) > Day Book
Gateway of Tally > Display More Reports > Statement of Accounts. >Cost
Centre.

Accounts with Inventory

Select Accounts only if you do not have any inventory (goods, stock)
transactions (suitable for professionals and corporate offices).
Select Accounts-with-Inventory, to maintain both financial accounts and

inventory (goods, stock).
1. Stock Groups:- Stock Groups in Inventory are similar to Groups in

Accounting Masters. They are helpful in the classification of Stock
Items. You can group Stock Items under different Stock Groups to
reflect their classification based on some common features such as
brand name, product type, quality, etc.
2. Units of measures :- Stock Items are purchased or sold on the basis

of quantity. The quantity is measured by Units. Hence, it is
necessary to create Units of Measure. You can have simple units
such as numbers, meters, kilograms, and pieces or compound units
like box of 10 pieces [1box =10 pieces]
3. Stock Items :- Stock Item refers to goods that you manufacture or

trade. You have to create a Stock Item in tally for each inventory
item that you want to account for.
Gateway of tally > Create > inventory Master > Stock group >

Gateway of tally > Create > Unit >

Formal Name: Pieces
Symbol: Pcs
Gateway of tally > Create >Stock Item.
Create All Stock Items.

Gateway og tally> Voucher> Purchase Voucher (F9)>
Ctrl +H (Item invoice Mode )

Q. Sales Goods to Pooja Info-Tech..?

Gateway of tally > Voucher > Sales Voucher >
Receive Cash from Pooja Info-Tech
Payment cash to rajesh traders.

Q. 1.
I. Raman started business with cash Rs. 2500000. He further
introduced land & Building Rs. 30000, plant & machinery Rs. 25000
and furniture Rs. 36000.
II. He purchase vehical Rs. 20000 & patents Rs. 15000.
III. He deposit Rs. 100000 in canara bank.
IV. Purchase from Cadbury co.
5 star 500 pkt. 5
Cadbury 1000 pkt. 5
Kitkat 100 pkt. 4
Dairymilk 200 pkt. 7
V. Purchase from paras
Moov 500 pkt. 20
D’cold 500 pkt. 12
VI. Sold to pankaj
Moov 200 pkt. 20.50
D’cold 100 pkt. 12.25
Adhensive tape role 200 pkt. 15.25
Band aid box 100 pkt. 252
Boric acid powder 200 pkt. 14
VII. Sold to akbar
Cadbury 500 pkt. 6
5 star 200 pkt. 5.25
Kitkat 50 pkt. 6
VIII. Paid to Cadbury co.
IX. Receive from pankaj.
X. Paid to paras.
XI. Receive from akbar
XII. Purchase from well cloth
T-shirts
Lee 25 pcs. 200
Nike 30 pcs 300
Formal shirts
Pan America 35 pcs 400

Peter England 30 pcs 450

Jeans pants
Tiger 20 pcs 500
Ruff & tuff 30 pcs 350
Cotton pants
Arrow 40 pcs 200
Ex- caliber 20 pcs 250
XIII. Paid postage Rs. 500 by cheque.
XIV. Receive commission Rs. 15000.
XV. Paid wages Rs. 2000.
Trial balance :- 27,21,725
Q. 2.
I. Opening Stock Qty. Purchase price sales
price
Cement
Shri 250 bg. 300 350
Binani 250 bg. 400 450
Jk 250 bg. 500 550
Bricks
PDC 5000 Pcs. 1.5 2
VBC 5000 Pcs. 2 3
Powder
POP 100 Pkt. 200 250
Chock 100 Pkt. 80 100
Opening Cash 500000
II. Purchase from rohit pvt. Ltd.
Shri 100 bg.
Binani 100 bg.
Jk 100 bg.
PDC 5000 Pcs.

VBC 5000 Pcs.

POP 100 Pkt.
Chock 100 Pkt.
III. Purchase from shyam com.
Shri 200 bg.
Binani 200 bg.
Jk 200 bg.
PDC 5000 Pcs.
VBC 5000 Pcs.
POP 100 Pkt.
Chock 100 Pkt.
IV. Paid salary Rs. 10000
V. Paid wages Rs. 500
VI. Receive commission Rs. 5000
VII. Sale to abhhinav com.
Shri 150 bg.
Binani 150 bg.
Jk 150 bg.
PDC 5000 Pcs.
VBC 5000 Pcs.
POP 50 Pkt.
Chock 50 Pkt.
VIII. Payment to rohit
IX. Sale to hari agencies
Shri 50 bg.
Binani 50 bg.
Jk 50 bg.
PDC 2000 Pcs.
VBC 2000 Pcs.
POP 20 Pkt.
Chock 20 Pkt.
X. Receive amount from abhinav
XI. Paid postage Rs. 500
XII. Paid electricity bill rs. 1000
XIII. Paid to shyam & co.

XIV. Receive from hari agencies

XV. Purchase from shyam co.
Binani 200 bg.
Jk 50 bg.
Chock 50 Pkt.
XVI. Sale to hari agencies
Binani 10 bg.
Chock 20Pkt.
XVII. Paid to shyam
XVIII. Received from hari agencies
XIX. Purchase furniture Rs. 50000
XX. Purchase Stationery Rs. 25000
Trial balance :- 11,86,500
Q. 3.
I. Started business with cash Rs. 500000 and
Stock :-
Input Device
Keyboard 100 Pcs. 250
Mouse 100 Pcs. 100
Output Device
Moniter 100 Pcs. 4000
Printer 100 Pcs. 2000
Storage Device
RAM 100 Pcs. 1200
Pendrive 100 Pcs. 300
II. Purchase all items in following Qty. from Royal Computers.
Keyboard 20 Pcs.
Mouse 20 Pcs.
Moniter 30 Pcs.
Printer 30 Pcs.
RAM 50 Pcs.

Pendrive 50 Pcs.
III. Sold goods to Riya Computers in collwing Qty.
Keyboard 115 Pcs. 300
Mouse 115 Pcs. 200
Moniter 125 Pcs. 5000
Printer 125 Pcs. 3000
RAM 120 Pcs. 1500
Pendrive 120 Pcs. 500
IV. Paid salary Rs. 50000
V. Return goods to Royal Computers 5 Pcs. Of Pen Drive and 5 Pcs. of
input device.
VI. Sold goods to Maya Electronics.
Keyboard 5 Pcs.
Mouse 5 Pcs.
Moniter 5 Pcs.
Printer 5 Pcs.
RAM 15 Pcs.
Pendrive 15 Pcs.
VII. Paid to Royal Computers.
VIII. Purchase all items in following Qty. from Royal Computers.
Keyboard 50 Pcs.
Mouse 50 Pcs.
Moniter 40 Pcs.
Printer 40 Pcs.
RAM 30 Pcs.
Pendrive 30 Pcs.
IX. Receive Cash from Riya Computers.
X. Paid electricity Bill Rs. 8000.
XI. Paid wages Rs. 200.
XII. Due to bad quality Maya Electronics return 5 moniter to us.
XIII. Commission receive Rs. 2000
XIV. Sale all items to Seema Computers in following Qty.
Keyboard 40 Pcs.
Mouse 40 Pcs.

Moniter 35 Pcs.
Printer 35 Pcs.
RAM 25 Pcs.
Pendrive 25 Pcs.
XV. Paid to Royal Computers.
XVI. Receive from Maya Electronics.
XVII. Receive from Seema Computers.
XVIII. Office maintenance Exp. Paid Rs. 1200.
Trial balance: - 30, 10,250

Inventory vouchers
Accounting Vouchers: - when we receive / Send bills.
Inventory Vouchers: - when bill not Receive / Send.
Gateway of tally > Inventory Vouchers >
1. Receipt Note
2. Delivery Note
3. Rejection Inward
4. Rejection Outward
5. Stock Journal
6. Physical Stock
1. Receipt Note (Alt+F9) :-it is used to purchase entries but bill not
receive.
2. Delivery Note (Alt+F8) :- it is used to sales entries but bill not send.
3. Rejection Inwards (Ctrl+F6) :- it is used to sales return entries but
bill not send.
4. Rejection Outward (Ctrl+F5) :- it is used to purchase return entries
but bill not receive.
5. Stock Journal (Alt+F7) :- it is used to transfer material from one
place to another.
Physical Stock (Ctrl+F7) :- Physical Stock Voucher is used for recording the
actual stock which is verified or counted.

To activate inventory vouchers:

Gateway of tally > Vouchers > Press F10 (Other Voucher) > Show inactive>
Receipt Note (Alt+F9) >
Click Yes To Continue ….

Condition 1
1. Purchase 8 computers from Hari @ 25000 each but bill not receive.
2. Return 2 computers because of damage.
3. Bill Receive.
Condition 2
1. Sales 8 computers to Ravi @ 30000 each but bill not send.
2. Bill send.
3. Return 2 computers because of damage.

Discount on total price

This option is used when we allowed or receive discount on total price of
purchases and sales.
I. Gateway of tally > vouchers > sales voucher (F8) >
Party’s name: Shiv
Sales ledger: sales
Name of item Qty. Rate Amount
Phone 20 30000 600000
Computer 15 25000 375000
Discount Paid (-) 48750
New Ref. 125/85 - 926250
Note: in accounting vouchers while giving discount amount or discount %

we need to put (-) sign. Else it will add the amount instead of subtracting
it.

Seprate discount column on invoice

Set this option to Yes, if you want a separate column for discounts in
invoices.
I. Gateway of Tally > Press F11 > Feature > Separate discount column
on invoices > Yes
I. Create required ledgers

II. Create Stock Items
III. Gateway of Tally > Vouchers > Sales Voucher (F8)
Party’s Name : Pooja Singh
Sales ledger : Sales
Name of item Qty. Rate Dis. % Amount
Dell 15 30000 5% 427500
HP 10 25000 10% 225000
652500
New Ref. 2569 - 652500

Different actual and billed quantity

Sometimes, the goods purchased or sold may have difference in the
Actual and the Billed quantities due to the following reasons:
 Free scheme
 Rejected by the customer for defective quality
 Rounding off of the billing quantity (for e.g., in Textile industries,
Cloth measuring 150.50 mtrs is actually delivered but bill is made
for 150 mtrs)
Note: The Actual Quantity updates stock and the Billed Quantity affects
the accounts and thus shows the correct position of both Accounts as
well as Inventory.
Steps :-
I. Gateway of tally > Press F11 > > use different actual & billed Qty. >
Yes
Gateway of tally > voucher > Press F8 (Sales Voucher)
Party’s name : Raman

Sales ledger : sales a/c
Name of item Qty. Rate Amount
Actual Billed
Acer Computer 11 10 25000 250000
Purchase order & Sales order

When the order is placed with the suppliers for the supply of goods, the
Items, quantities, date of receipt etc., details are given with the Purchase
Order Number. Later, when these goods are received, the Purchase
Order is tracked for the Order Details either in the receipt note or in the
purchase Invoice.
The Outstanding Purchase Order reports are available in Tally. It is
possible to know the order position of any item in the Stock Summary.
Purchase Order Outstanding report available.
Gateway of tally > Vouchers > F10 (Other Voucher) > Show Inactive >
Purchase Order (Ctrl + F9)
Q.1
1. Purchase order to Ram In following Qty. (Order No. – 124/92)
Keyboard 10 Pcs. @ 500 Rs.
Mouse 20 Pcs. @ 250 Rs.
Moniter 18 Pcs. @ 8000 Rs.
Printer 8 Pcs. @ 10000 Rs.
2. Purchase goods from Ram but bill not receive. (Order No. –
124/92)
3. Return goods to Ram in following Qty. (Order No. – 124/92)
Keyboard 2 Pcs.
Printer 3 Pcs.
4. Bill Receive.
Q.2
1. Sales order from hari In following Qty. (Order No. – 156/96)
Keyboard 10 Pcs. @ 500 Rs.
Mouse 20 Pcs. @ 250 Rs.
Moniter 18 Pcs. @ 8000 Rs.
Printer 8 Pcs. @ 10000 Rs.
2. Sale goods to hari but bill not send. (Order No. – 156/96)
3. Bill send.

4. Return goods by hari in following Qty. (Order No. – 156/96)

Keyboard 2 Pcs.
Printer 3 Pcs.

Track additional cost of purchase

This option is used when we want to include our other expenses related
to purchases in our cost of purchase. Like transportation cost etc.
Gateway of Tally > Alter > Voucher Types > Purchase > Turn On Following
Feature >
Gateway of tally > Voucher > Purchase >

Party Account: Rajesh Singh
Purchase ledger: Purchase A/c
Dell 10pcs 1500 / pcs Amount: 15000
Gateway of tally > Display more reports > Daybook > Open Your Voucher
Entry >
Press (Ctrl+H) as voucher
Enter till end…
Additional Cost Details for : Dell

Accept the Voucher

Allow Zero Valued Entries

Zero Valued entries are those entries where a voucher entry is made
without any values, i.e., one of the parameters (Qty. or Rate) may not
have a value but needs to update in the records. If you want to done
entry without any value (Qty. or Rate) you need to set this option to Yes.
Note: Zero Valued entries are allowed only in Sales and Purchase
vouchers only and are not available in Receipt, Payment vouchers and
journal vouchers.
1-Apr.-2023 Purchase 10 computers @ 25000 each and 2 HP

computers from devesh.
Steps:-
I. Gateway of tally > Alter > Voucher Types>Purchase> Allow zero
valued entries > Yes
II. Gateway of tally > Voucher > Purchase (F9)
Use multiple price level

This option is used when we want to sale goods to different persons at
different prices.

Gateway of tally >Press F11 >Inventory >Enable multiple price Levels >Yes
Gateway of tally > Create > Price Levels
Create Stock Item > Gateway of tally > Create > Stock Item >
Samsung
Under: Primary
Unit: Pcs
Save Screen
Gateway of Tally > Create > Price List (Stock Group)

Same For Non-regular Customer >

Gateway of tally > press F11 > Use Discount column in invoice > yes
Gateway of tally > Voucher > Sales >
Create Party Ledger > Rajeev Mehta
Press F12 : Use Price Levels for Party Ledger > Yes
Pricing Level applicable: Regular
Note : If separate discount column is not set “Yes” discount will not be
calculated.
Job Costing
The Job Costing feature is used to track all the incomes and expenses for
a project. Each project or job is created as a Cost Centre. For companies
that maintain Accounts only, the Job Costing feature will not be available.

Gateway of tally > Press F11 >
1. Enable Cost Centers > yes

2. Enable Job Costing > Yes
Gateway of tally > Create > Cost Centre
Name: Building
Use For job costing > Yes
Gateway of tally > Create > Godown >

Choose: Create New
Gateway of Tally > Voucher > Purchase >

Party’s Name :- Devesh
Purchase ledger :- Purchases
Name of Items Godown Qty. Rate Amount
Cement Delhi 500 Bg. 700/Bg. 3,50,000
Powder Delhi 500 Pkt. 400/Pkt.
2,00,000

Bricks Delhi 1,000 Pcs. 5/Pcs. 5,000

New Ref. 123 5,55,000 Cr.
Gateway of tally > Alter > Voucher Types > Stock Journal
Name of class :- Transfer(for transfer of goods from one godown to
another)
Use class for inter godown transfer? > yes
Gateway of tally > voucher > stock journal (Alt+F7)>

Name of class : Transfer
Destination godown: Jaipur
Cement Delhi 490bgs. 700/bg 343000
Bricks Delhi 990pcs. 5/pcs. 4950
Powder Delhi 450 pkt. 400/pkt. 180000
Gateway of tally > Alter > Voucher Types > Stock Journal
Name of class :- Consumption (for consumption of goods )
Use class for job costing consumption? Yes

I. Gateway of tally > voucher > stock journal (Alt+F7) > Name of class :
Consumption
Source (Consumption)
Cement jaipur 450bgs. 700/bg 315000
Bricks jaipur 900pcs. 5/pcs. 4500
Powder jaipur 430 pkt. 400/pkt. 172000
Gateway of tally > Voucher > Sales > Ctrl+H> As Voucher
Dr. Ajeet Singh 55000Dr.

Cr. Sales 55000Cr.
Cost Center Details> Building
Paid wages (any Expenses) Rs. 3000
Receive Amount From Ajeet Singh 55000 Rs.
Press F6 (Receipt Voucher)
Dr.Cash 550000Dr
Cr. Ajeet Singh 550000Cr.
Gateway of tally > Display More reports > statement of inventory > job
work analysis > building

Payroll
Payroll is fully integrated with Accounting to give the users the
benefit of simplified Payroll processing and accounting. Payroll
enables users to set up, implement and process Payroll with simple
to complex criteria, as per the organization’s requirements. Payroll
also provides management related Information reports and
statutory Forms and reports in the prescribed formats viz., Pay Slip,
Payroll Statements, Attendance and Overtime Registers, Gratuity,
PF, ESI, PT, Income Tax, Expat Reports and so on.
Gateway of tally >
press F11 >
Payroll >
Maintain Payroll > Yes
Enable Payroll Statutory > Yes
Gateway of tally > Create > Payroll Master > Employee Group >

Create Employee > Rajukmar

Under: Manager
Create All Employee Master

Gateway of tally >
Simple units
1. Days
2. Hrs
3. Min
Compound
1.
2. Hrs of 60 Min
Gateway of tally > Create > Attendance / Production Type
Gateway of Tally > Create > Pay Head >

Basic Pay
Dearness Allowance:
House rent Allowance

Overtime

Bonus
Provident Funds

Income Tax
Leave Deduction
Professional Tax:

National pension scheme:
Employee state insurance:

Gateway of tally > Alter > Defind Salary >

Select A group > Set Salary
Now Select Employee :


Gateway Of Tally >

Press F2 >
Change Date > 01/07/2023
Gateway of tally> Vouchers > Press F10 > Select Attendance Voucher>
Vouchers > Ctrl+F4 > Press Ctrl+F (Autofill)

Voucher > Payroll Voucher (Ctrl+F4) > Ctrl+F(AutoFill) >
To Check:
Gateway of Tally > Display More Reports > Payroll Reports > Pay Slip >
Ajeet >

Goods & Service Tax
What is Gst in India?

GST is known as the Goods and Services Tax. It is an indirect tax which
has replaced many indirect taxes in India such as the excise duty, VAT,
services tax, etc. The Goods and Service Tax Act was passed in the
Parliament on 29th March 2017 and came into effect on 1st July 2017.
Before the Goods and Services Tax could be introduced, the structure of
indirect tax levy in India was as follows:


Types of GST
There are Four GST types namely Integrated Goods and Services Tax (IGST), State Goods and
Services Tax (SGST), Central Goods and Services Tax (CGST), and Union Territory Goods and
Services Tax (UTGST). The taxation rate under each of them is different.
Types of GST and its Explanation

As per the newly implemented tax system, there are 4 different types of GST:
1. Integrated Goods and Services Tax (IGST)

2. State Goods and Services Tax (SGST)
3. Central Goods and Services Tax (CGST)
4. Union Territory Goods and Services Tax (UTGST)
1. Integrated Goods and Services Tax or IGST

The Integrated Goods and Services Tax or IGST is a tax under the GST regime that
is applied on the interstate (between 2 states) supply of goods and/or services as
well as on imports and exports.
The IGST is governed by the IGST Act. Under IGST, the body responsible for
collecting the taxes is the Central Government. After the collection of taxes, it is
further divided among the respective states by the Central Government.
For instance, if a trader from West Bengal has sold goods to a customer in
Karnataka worth Rs.5,000, then IGST will be applicable as the transaction is an
interstate transaction. If the rate of GST charged on the goods is 18%, the trader will
charge Rs.5,900 for the goods. The IGST collected is Rs.900, which will be going to
the Central Government.
2. State Goods and Services Tax or SGST

The State Goods and Services Tax or SGST is a tax under the GST regime that is
applicable on intrastate (within the same state) transactions. In the case of an
intrastate supply of goods and/or services, both State GST and Central GST are
levied.
However, the State GST or SGST is levied by the state on the goods and/or services
that are purchased or sold within the state. It is governed by the SGST Act. The
revenue earned through SGST is solely claimed by the respective state government.

For instance, if a trader from West Bengal has sold goods to a customer in West
Bengal worth Rs.5,000, then the GST applicable on the transaction will be partly
CGST and partly SGST. If the rate of GST charged is 18%, it will be divided equally
in the form of 9% CGST and 9% SGST. The total amount to be charged by the
trader, in this case, will be Rs.5,900. Out of the revenue earned from GST under the
head of SGST, i.e. Rs.450, will go to the West Bengal state government in the form
of SGST.
3. Central Goods and Services Tax or CGST

Just like State GST, the Central Goods and Services Tax of CGST is a tax under the
GST regime that is applicable on intrastate (within the same state) transactions. The
CGST is governed by the CGST Act. The revenue earned from CGST is collected by
the Central Government.
As mentioned in the above instance, if a trader from West Bengal has sold goods to
a customer in West Bengal worth Rs.5, 000, then the GST applicable on the
transaction will be partly CGST and partly SGST. If the rate of GST charged is 18%,
it will be divided equally in the form of 9% CGST and 9% SGST. The total amount to
be charged by the trader, in this case, will be Rs.5, 900. Out of the revenue earned
from GST under the head of CGST, i.e. Rs.450, will go to the Central Government in
the form of CGST.
4. Union Territory Goods and Services Tax or UTGST

The Union Territory Goods and Services Tax or UTGST is the counterpart of State
Goods and Services Tax (SGST) which is levied on the supply of goods and/or
services in the Union Territories (UTs) of India.
The UTGST is applicable on the supply of goods and/or services in Andaman and
Nicobar Islands, Chandigarh, Daman Diu, Dadra, and Nagar Haveli, and
Lakshadweep. The UTGST is governed by the UTGST Act. The revenue earned
from UTGST is collected by the Union Territory government. The UTGST is a
replacement for the SGST in Union Territories. Thus, the UTGST will be levied in
addition to the CGST in Union Territories.

Taxes that were replaced by GST
THE CENTRAL TAXES REPLACED BY GST
 Central excise duty

 Central sales tax
 Service tax
 Additional duties of customs
 Additional duties of excise
 Excise duty levied under the textiles and textile products
THE STATE-LEVEL TAXES REPLACED BY GST
 Purchase tax
 Central sales tax
 VAT
 Surcharge and CESS
 Entry Tax
 Taxes on lottery, gambling and betting

Goods & Service Tax In Tally Prime

Create Company:
Enable Goods & Service tax (GST) > Yes
Intra State Purchase

Gateway of Tally > Voucher > Press F9 > Purchase Voucher
Create party A/c
Manoj Saran

Under : Sundry Creditor
Bill Wise Details > Yes
Set Party State: Rajasthan (Because Intra State Purchase)
Follow the Steps
Create Purchase Ledger:

Purchase
Under: Purchase Account
Statutory Details:
Is GST Applicable: Applicable
Set /Alter GST Details: No
Type of Supply: Goods

Create Stock Item Master:

Alt + C (Master Creation)
Name: Printer
Under : Computer
Unit :
Statutory Details:
Set /Alter GST Details : Yes
Fill Stock item QTY. and Rate

Double Enter
Create CGST Ledger > Press Alt + C

Create SGST Ledger
Press Alt + A For Tax Analysis

Press Alt + F1 For Details
To Check Report of GST

Press: Alt + G (Go to)

Search: GSTR2
Check B2B invoice 3 4A
Press Alt + F5 (For Details)
Check Balance Sheet:

Press: Alt + G
Current Liabilities (Alt + F1)
Duties & Taxes (-)18,000.00
GSTR-1

GSTR-1 is a monthly return that summarizes all sales (outward

supply) of a tax payer.
1) Total number of vouchers for the period:-

Displays the count of all the vouchers (irrespective of
its nature) entered by the tax payer in the given time
period.
2) Included in Returns:-
Displays the count of all the sales vouchers entered by the
tax payer in the given time period.
3) Non relevant for Returns:-
Displays the count of all the non-sales vouchers entered
by the tax payer in the given time period.
4) Incomplete/Mismatch in information (to be resolved):-
Displays the count of all the vouchers with insufficient
GST related information.
5) B2B Invoices:-
Taxable sales made to regular or composite dealers
are captured here.
Unregistered party selected in the party details
screen are also captured here.
6) B2C (Large) Invoices:-
Interstate sales of more than 2,50,000 to
unregistered dealer and consumer are captured here.
7) B2C (Small) Invoices:-
Interstate sales of equal to or less than 2,50,000 to
unregistered dealer and consumer are captured here.
8) Credit/Debit Notes:-
Display the transactions related to sales return
entered by the tax payer in the given time period.
9) Nil rated Invoices:-
Displays the net value of nil rated, exempted and non
GST outward supplies made to registered and
unregistered dealers within or outside state.
10) Export Invoices:-

Displays the value of export sales entered by the

tax payer in the given time period.
11) Tax liability on advances:-

Display the credit value of tax entered in journal
voucher recorded with following details:
Nature of Adjustment- Increase of tax liability
Additional details- On account of advance
received
12) Setoff of Tax Paid against advances:-
Displays transactions related to adjustment of tax on
advance received for future sales.
GSTR-2
GSTR-2 is a monthly return that summarizes all purchase

(inward supply) of a tax payer.
1) Total number of vouchers for the period:-

Displays the count of all the vouchers (irrespective of
its nature) entered by the tax payer in the given time
period.
2) Included in Returns:-
Displays the count of all the purchase vouchers
3) Non relevant for Returns:-
Displays the count of all the non-purchase vouchers
4) Incomplete/Mismatch in information (to be resolved):-
Displays the count of all the vouchers with insufficient
GST related information.
5) B2B Invoices:-
Taxable purchase made to all dealers are captured
here.

Unregistered party selected in the party details

screen are also 1captured here.
6) Import of goods invoices:-
Displays the value of import purchases of goods
7) Import of services invoices:-
Displays the value of import of services entered by
the tax payer in the given time period.
8) Credit/Debit Notes:-
Display the transactions related to purchase return
9) Nil rated Invoices:-
Displays the net value of nil rated, exempted and non
GST inward supplies made to registered and unregistered
dealers within or outside state.
10) ITC Received:-
Displays the transaction of journal voucher recorded
to reverse input tax credit.
What is output and input GST?
1. What is Output GST ?

GST on Sales is Called Output GST.
2. What is Input GST ?

GST on Purchases is Called Input GST.
3. What is GST Payable ?

Output GST – Input GST = GST Payable.
GST Computation
Output GST (GST on Sales)
(-) Input GST (GST on Expenses Purchase)

GST Payable (If Output is more than Input)
Q.1
Sales amount within State 1, 20,000
Purchase amount within state 1, 00,000
GST Rate -: CGST 9% SGST 9%
Calculate GST Payable.
Ans.
Particular Amount CGST SGST Total
Output GST 1,20,000 10800 10800 21600
Input GST 1,00,000 9,000 9,000 18,000
GST Payable 1800 1,800 3,600
Made Sales Entry:

Gateway of tally > Voucher > Press F8 (Sales Voucher)
Create Party Ledger

Name: Rahul Traders
State: Rajasthan

Create Sales Ledger:

Press Alt + A (Tax Analysis)
To Check:
Alt + G (Go-To)
Search GSTR1
Press Enter for Correction in Sales Entry

Update Party GST/UIN
Save
(Alt + V Accept GST/UIN)

Press Y for Yes

Back to GSTR1
Check:
B2B invoice 4A,4B,4C,6B,6C
Press Enter to Details

Gateway Of Tally > Display More reports > GST Report > GST Annual
Computation
To Check GST Payable

Alt + G (Go to)

Balance Sheet
Current Labilities > (Alt + F1) For Details
Duties & taxes ……..3,600 /-

GST Payment Entries In Tally Prime

(1.)Check Balance Sheet
Pay 3600 Rupees To Govt.

Gateway of tally > Voucher > Payment Voucher (F5)
Press Ctrl + F (Autofill)
IGST In Tally Prime

Create Company >

Enable Goods& Service tax > Yes
Accept the Screen
Gatway of tally > Purchase Voucher (F9)
Create Party Ledger A/C : Shanti Traders
Under: Sundry Creditor
State: Panjab
Add: Mansa, Punjab
Press Ctrl + A (Save the Screen)
Create Purchase Ledger

Accept the Voucher

To Check (Alt + G)
GSTR2>
Press Alt + F5 For details
In B2B Invoices
Go to Balance Sheet
ITC (-)18,000
Record sales Transection
Gateway of tally > Sales Voucher >
To Check > Alt + G > GSTR1 > Uncertain Transaction (Correction

Needed) 1
Press enter

Party GSTIN/UIN invalid

To Skip Press Alt + V
Gateway of tally > Balance Sheet >
Pay Tax to Govt.

Gateway of tally > Payment Voucher >
Ctrl + F (Auto-fill)

Debit Note with GST
Condition
 When to return purchased goods.
Condition 1St :
Gateway of tally >

Purchase Return
Gateway of tally > Voucher > Alt + F5 (Debit Note)
To Check :
Alt + G (GSTR2)

Change Period
Check Stock Summary >
 When the quality of the goods purchased is bad, taking a

discount from the supplier without returning the goods.

Gateway of Tally > Voucher >Debit note Voucher Alt + F5

Ledger :
Discount on Purchase Under Purchase A/c
To check
Alt + G (Go to)
GSTR2
It affects your cost of goods

Check Stock Summary

Debit Note
Condition No. 1

Purchase Goods From Sudhakar traders Following Qty. 01-06-2023

Sewing Machine 11-Pcs @5800 /-
Gateway of tally > Voucher >

Alt + F5 (Debit note)
To Check
Gateway of tally > Stock Summary > F5 (item Wise)
Condition No. 2

Gateway of tally > Voucher > Sales Voucher >
To Correction
Gateway of tally > Voucher > Debit Note >
Bill Wise Adj.
यहाँ बिल के हिसाब से अमाउंट

के बाद डेबिट नोट का कु लअमाउंट
डाला जाएगा जिसको हमे cr के स्थान
पर Dr टाइप करना होगा

Accept the voucher

To check > Alt + G > GSTR1
F2 (01-07-23)

Debi
t Note
Condition No.3
परचेस वाउचर की एंट्री करने के बाद हमे याद आया की प्रिंटर का भाव तो 10,000 प्रति नग से तय हुआ
था,
इसी भूल को सुधारने के लिए हम डेबिट नोट बनाएंगे
1,000 प्रति प्रिंटर के हिसाब से 5 प्रिंटर के 1000*5= 5000 ₹
Gateway of tally > Voucher > Alt+F5 > Debit Note >
To Check Gateway of tally > Stock Summary

Gatway of tally > Voucher > Purchase >

Party A/c : Sudhakar Traders
Under : Sundry creditor
Bill By bill > Yes
Party type > Regular
Purchase Ledger > purchase
Gateway of tally > Voucher > Debit Notes > Ctrl+ H > as Accounting
Invoice
Party Account : Sudhakar traders
Create> Cash Discount on Purchase
Under : purchase Account
Type of Supply > Goods
press F12 > Modified tax Rate Details of GST > Yes

Fill original Invoice No. 9

Date of Purchase
Press F12 > Configure
Set On Yes
Fill Details Based On Your Discount

If 2% > Taxable Amount (125000,)> 125000/100*2=2500
Total Tax On This Amount (18%) 22500 > 22500/100*2= 450
CGST=450/2=225
SGST=450/2=225

Press ‘O’ for Override
To Check >
Gateway of Tally > Alt+ G
GSTR

Reverse Charge Mechanism on (RCM on URD Purchase)

Reverse charge means the liability to pay tax is on the recipient of supply of
goods or services instead of the supplier of such goods or services in respect of
Notified categories of supply.

Gateway of Tally > Press F11 > Enable Goods & Service Tax > Yes
Enable Tax Liability on Reverse Charges > Yes
(Purchase Form Unregistered Dealer)
Gateway of Tally > Voucher > Purchase Voucher >

Purchase Entries of Freight on Purchase goods (SDTC transport
Company)
Ctrl + H (Change Mode) Accounting Invoice
Create Party Account Ledger (SDTC transport Company)
Under: Sundry Creditor
Bills Wise Details > Yes
Party Type : Unregistered
Particulars
Create Service Ledger
Freight Charges
Under (indirect Expense)
Is GST Applicable : Applicable
Set/Alter GST details > yes
SAC Code : 1425
Nature of Transaction: Not Applicable
Is reverse Charges Applicable > Yes
(if not Showing Press :F12 )
Applicable From configuration

IGST: 5 (Type of Supply)

Freight Charges Amount > 5,000 /-
To Check Press Alt + A (Tax Analysis)
Press Alt + F1 For Details
Note: Amount of tax Subject to reverse Charge
To Check Report > Press (Alt + G) > GSTR3B> Press F2 (Change Date)
Enter
Press
Alt +J (for Adj.)

Dr. Tax Under Reverse Charges (Current Assets) 250 Dr.

Cr. CGST (Duties& Tax) 125 Cr.
Cr. SGST (Duties& Tax) 125 Cr.
To Check > Balance Sheet >

Alt + F1
Duties & Taxes …………………………………………………………250
Pay Tax to Govt. > Payment Voucher > (Press Ctrl + F)

To ( Increase of Input Tax Credit) ITC

Voucher > F7 Journal Voucher
Press Alt + J
Gateway of Tally > Balance Sheet >


INPUT & OUTPUT GST ADJUSTMENT

Sales Goods to Ravi Agency

Gateway of tally > Voucher > Sales >
To Check > Gateway of Tally > Balance Sheet >

To Adjustment > Voucher > F7 (journal Voucher)

Manufacture with GST

Gateway of tally > Create > Stock Group >
o Raw Material
Set Alter GST Details > Yes
o Finished Good
Set Alter GST Details > Yes
Create > Stock item >

Create All Following Stock Item under Raw Material >
1. Keyboard
2. Mouse
3. Monitor
4. Printer
5. RAM
6. CPU
7. SSD
8. HDD
9. Speaker
Create Finished Good
Computer Under Finished Good

Set Components (BOM) > Yes
Gateway of Tally > Create > Voucher Types >

Manufacturing journal
Under : Stock Journal
Use as Manufacturing journal > Yes
Accept Voucher Creation
Gateway of Tally > Voucher > Stock Journal (Alt+F7) >

Manufacturing journal >
To Check > Gateway of Tally > Stock Summary >
To Check Cost estimation Statement > Gateway of Tally > Display More report
> Statement Of Inventory > Cost estimation
Finished Good >
Sales Computer To Asha Computers >

Balance Sheet >

TCS in Tally Prime

Gateway of tally > F11 >
Enable Tax Collected At Source (TCS)
Gateway of tally > Create > TCS Nature of Goods >
Gateway of Tally > Voucher > Sales Voucher >

Create Scrap Master
Create TCS Ledger

Pay To Govt. (TCS)

Payment Voucher (F5)
Press Ctrl+F (Autofill)

TDS in Tally Prime

Gateway of Tally > Press F11 > Enable Goods & Service Tax > yes
Enable Tax Deducted at Source (TDS) > yes
Gateway of Tally > Create > TDS Nature of Payments

Ctrl + H (Accounting invoice)
Party A/c Name: CA Ramchandra
Under : Creditor

Create Voucher entries
Payment TDS To Govt.

F5 Payment Voucher
Ctrl + F (Autofill)


Tally Prime With GST (Aptech)

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1 Tally Prime with GST

BRANCH I Near Govt. College, Beawar Road,Ajmer(305001)

Aptech computer Education 1

Aptech computer Education 2

Name Side Goods Assets

Aptech computer Education 3

Aptech computer Education 4

VI. Goods return to Shantilal Rs. 200

Aptech computer Education 5

XVI. Rao withdraw for his personal use Rs. 800

Aptech computer Education 6

In Tally, the amount deposited, withdrawn amount, complete information of

Aptech computer Education 7

Company Creation in Tally Prime

Fill Your Company Details>

Accept the Screen:

Aptech computer Education 8

 Now The Company Features Screen:

Accept the Screen:

Press Alt+K>Company info.>

Aptech computer Education 9

Aptech computer Education 10

 Gateway of tally > Create >Accounting Master> Ledger

1. Create: Allows to you create a new ledger.

A ledger is used to record and track all financial transactions of a

Aptech computer Education 11

All Ledgers have to be classified into Groups. Classification of Ledgers to

Person Name / Organization Name

Sundry Debtors: A person who receives goods or services from a

Sundry Creditors: A person who gives goods or services to the

Direct Expenses: Direct expenses means all expenses directly

Indirect Expenses: Indirect Expenses are those expenses that

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completely incurred while operating a business or as a part of a

Direct Incomes: Direct income is the profit you make directly

Indirect Incomes: One that is gained from non-business

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Gateway of tally > Vouchers

1. Contra Voucher (F4):- Contra entry is a transaction involving

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To Commission a/c 40000

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Acct. Invoice Item Invoice

Maintain bill wise details

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(For Non-Trading A/cs also)

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Gateway of tally > Vouchers > Purchase Voucher (F9) >

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Allow Multi Currency

Gateway of Tally > Create> search> Currency>

Create New :> For Create New Currency ($).

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Exercise 1. Purchase Goods from Krishna Traders $100, Exchange Rate

(Bill Number 458/78).

Gateway of Tally> Voucher > Purchase Voucher (F9)>

Press Ctrl+ H: (Select- As Voucher)

Cr. Krishna Traders $100 Cr.

Dr. Purchase A/c $100 Dr.

Set Exchange Rate:

Enter Bill Wise Details For This Purchase.