1.  Introduction to GST ( IGST . CGST, SGST )

 

2.  Calculation of GST ( IGST, CGST & SGST) (Practical Assignment )

 

3.  GST on Tally.ERP 9 ( With Practical Assignment )

     Step-1  :  Activating GST for Your Company

     Step-2  : Setting Up GST Rates

     Step-3 :  Updating/Creating Sales and Purchase Ledgers for GST Compliance

     Step-4  : Restarting Voucher Numbering for GST Transactions

     Step-5 : Updating/Creating Party GSTIN/UIN

     Step-6  : Creating GST Ledgers

     Step-7  : Creating Party Ledgers for GST

     Step-8  : Recording Purchase under GST

     Step-9 : Recording GST Sales and Printing Invoices

 

4.  Generate GSTR-1 Returns / Reports under Tally.ERP9

  4.1. Table-Wise Format (Department  Format)

 4.2.    Returns Summary ( GSTR-1)

  4.2.1 Total number of vouchers for the period

  4.2.2. Included in returns

  4.2.3. Not relevant for returns

4.2.4.Incomplete/mismatch in information (to be resolved)

      (SUMMARY OF EXCEPTIONS – GSTR-1)

4.2.4.1.     No. of voucher with incomplete / mismatch in information

       4.2.4.2.  Country , State and Dealer Type not Specified

      4.2.4.3.Tax Rate / Tax Type not Specified

4.2.4.4.Nature of transaction, taxable value, rate of tax modified in voucher

4.2.4.5.  Incorrect tax type selected in tax ledger

4.2.4.6.Mismatch due to tax amount modified in voucher

4.2.4.7.  Voucher with incomplete / incorrect adjustment details ( SGTR-2)

4.2.4.8. Information required for generating table-wise details not provided

4.2.4.9.  Exception Types

     4.2.4.9.1. Item Exceptions

     4.2.4.9.2. Ledger Exceptions

4.3. GSTR-1 Particulars ( Computation Details)

     4.3.1. Outward Supplies

 

5.  Status Reconciliation (GSTR-1)

5.1.  Set Status

5.2.  Status-wise View

 

6.  Challan Reconciliation Report for GST Payments

7. Creating Income and Expenses Ledger in GST

 
8. Reverse Charge on Purchase from Unregistered Dealer (URD) | Reverse Charge in GST in Tally

Step-1:     Create Supplier Ledger i.e. Supplier (L) URD – Local

Step-2:     Similarly.. Create Supplier Ledger of Outside State i.e. Supplier (O) URD – Interstate

Step-3:     Create  Local Purchase Ledger i.e. “Purchase from URD-Local”

Step-4:     Similarly.. Create  Outside Purchase Ledger i.e. “Purchase from URD-Interstate ”

Step-5:     Recording an Invoice for Purchase from Unregistered Dealer-Local

Step-6  :   Similarly, You can Record an Invoice for Purchase from Unregistered Dealer-Interstate (Outside State)

Step-7:     View Total Tax Liability under Reverse Charge GST in GSTR2

Step-8 :    Recording a Journal Voucher Transaction for Increase in Tax Liability on Purchase from Unregistered Dealers

 
9. GST On Advance Payment Received From Customer in Tally | GST in Tally ERP 9

9.1.  Advance Receipt exclusive of tax adjusted against Sales Invoice in the same month

9.1.1.     To record a receipt voucher for advance receipt from customer exclusive of tax

9.1.2.     Sales Invoice Linked to an Advance Receipt Voucher in the same month as above.

9.2. Advance Received and Sales Invoice recorded in different months.

9.2.1.  Advance receipt voucher

9.2.2. Journal voucher to raise the liability

9.2.3. Sales Invoice against Advance Receipt of Previous Month

9.2.3. Journal Voucher to Reverse the Tax Liability raised in Journal Voucher for the Advance Received of the Previous Month.

9.3.  Reversal of GST on account of Cancellation of Advance Received.

9.3.1.  To exclude a transaction

9.3.2. To reverse the liability on cancellation of a transaction

 

10. Recording An Advance Payment To Supplier Under GST

 
11. Transferring Tax Credits of VAT, Excise, and Service Tax to GST
 
12. Recording Sales of Composite Supply under GST
(Expenses Apportioning)
 
13. ‘Nil-Rated Sales’ on GST in Tally.ERP9
 
14. ‘Exempt Sales’ on GST in Tally.ERP9
 
15. FAQ on GST in Tally.ERP 9
 
16. Common Queries About GST in Tally.ERP9
 

Common Queries About GST

In Tally.ERP 9


 

1.                  I have sold goods on 28 Jun 2017, but need to record a sales return on 1 Jul 2017. How do I record my credit note for the sales return?      

Even if VAT rates are levied in the sales invoices recorded on 28 Jun 2017, you need to record the credit note with the GST rates applied to the items returned on 1st Jul 2017.

2.         How do we calculate IGST, when buyer and consignee are in different locations?

IGST is applicable on the goods and services if the buyer's state is different from your business location. Consignee in such cases may be in a different location where the goods can be delivered. Refer to Interstate sales for more information on calculating IGST.

3.         What are the different forms to be filed and the current filing dates under GST?

The following table lists the details of the returns to be filed and the respective filing dates:

Forms for returns filing under GST

Dates for returns filing

GSTR-3B for July 2017

20 Aug 2017

GSTR-1 for July 2017

5 Sep 2017

GSTR-2 for July 2017

10 Sep 2017

GSTR-1 for August 2017

20 Sep 2017

GSTR-3B for August 2017

20 Sep 2017

GSTR-2 for August 2017

25 Sep 2017

Normal schedule for return filing

October 2017

Note: The dates are applicable for the respective month and are subject to change after this period.

4.         What does invoice matching mean under the GST regime?

Invoice matching is a mechanism based on which the sales invoices submitted by a supplier is matched against the corresponding purchase invoices submitted by a buyer. According to the Goods and Services Tax (GST) law, a buyer can claim input tax credit on purchases only if the outward supply filed in GSTR-1 by the supplier matches the inward supply filed in GSTR-2 by the buyer. Invoice matching is done automatically based on the data filed in GSTR-1 and GSTR-2 by both parties involved in a transaction.

5.         How can I get the HSN code for my goods and services?

You can find the chapter-wise-rate-wise GST rate schedule for goods and services on the website: http://www.cbec.gov.in/htdocs-cbec/gst/index. Alternatively, contact your CA/business consultant for more details.

6.         What is the format of GSTIN?

GSTIN is a 15-digit unique registration number provided to a taxpayer upon successful registration of his business details on the GST portal. For example, the GSTIN obtained in Karnataka would look as follows:

The following table lists the state-wise code used in generating the GSTIN:

State/UT code

State or Union Territory

State/UT code

State or Union Territory

State/UT code

State or Union Territory

State/UT code

State or Union Territory

01

Jammu & Kashmir

11

Sikkim

21

Odisha

31

Lakshadweep

02

Himachal Pradesh

12

Arunachal Pradesh

22

Chhattisgarh

32

Kerala

03

Punjab

13

Nagaland

23

Madhya Pradesh

33

Tamil Nadu

04

Chandigarh

14

Manipur

24

Gujarat

34

Pondicherry

05

Uttaranchal

15

Mizoram

25

Daman and Diu

35

Andaman and Nicobar Islands

06

Haryana

16

Tripura

26

Dadra and Nagar Haveli

36

Telangana

07

Delhi

17

Meghalaya

27

Maharashtra

 

 

08

Rajasthan

18

Assam

28

Andhra Pradesh

 

 

09

Uttar Pradesh

19

West Bengal

29

Karnataka

 

 

10

Bihar

20

Jharkhand

30

Goa

 

 

7.         Are all taxes subsumed under GST?

The following lists the taxes that will be replaced by GST:

Taxes replaced by GST at the centre

Taxes replaced by GST at the state

Taxes not covered under GST

Central Excise duty

State VAT

Alcohol for human consumption

Duties of Excise (Medicinal and Toilet Preparations)

Central Sales Tax

Electricity

Additional Duties of Excise (Goods of Special Importance)

Purchase Tax

Sale/purchase of Real Estate

Additional Duties of Excise (Textiles and Textile Products)

Luxury Tax

Five specified petroleum products (to be brought under GST later on recommendation of GSTC)

Additional Duties of Customs (commonly known as CVD)

Entry Tax (All forms)

Tobacco Products

Special Additional Duty of Customs (SAD)

Entertainment Tax (except those levied by the local bodies)

 

Service Tax

Taxes on advertisements

 

Cesses and surcharges, when they are related to supply of goods or services

Taxes on lotteries, betting and gambling

 

 

State cesses and surcharges insofar as far as they relate to supply of goods or services

 

8.         Are excise and custom duty applicable on tobacco and petro-chemical products even after GST implementation?

All goods and services are likely to be covered under GST except the following:

●    Alcohol for human consumption

●    Electricity

●    Sale/purchase of Real Estate

●    Five specified petroleum products (to be brought under GST later on recommendation of GSTC)

●    Tobacco products

Continue to keep yourself updated on GST. Please visit our blog or refer to our GST app for GST-related updates.

URL of GST blog: http://blogs.tallysolutions.com/

URL of Tally for GST app in Play Store: https://play.google.com/store/apps/details?id=com.tallysolutions.tallyforgst

9.         What is the HSN code for Tally Software?

The HSN code for Tally.ERP 9 (and all information technology software) in the current regime is 8523.80.20.

10.       One of my clients is importing goods. According to GST returns, we need to upload only sales. How about import purchase? How will it be reflected on my GST portal?

Imports of goods and services are treated as inter-state supplies and therefore IGST will be levied on the import. The incidence of tax will follow the destination principle and the tax revenue in case of SGST will be accrued to the State where the imported goods and services are consumed. Full and complete set-off will be available on the GST paid on import on goods and services.

In general, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on you as the recipient under the reverse charge mechanism. Please note that import purchases will be captured in GSTR-2 in Column 5 - Goods/capital goods received from overseas (Import of goods).

For more information, you can refer to the linked document (http://www.cbec.gov.in/resources/htdocs-cbec/gst/draft-return-formats-26092016.pdf).

11.      If there are pending returns to be filed from the VAT regime, will they be carried forward to GST?

In order to carry forward your available ITC from the VAT regime to GST, you need to ensure that all your compliance formalities in VAT, including VAT returns and payments, are fulfilled. For this purpose, please ensure that all returns are filed and closed in VAT. For more details, you may contact your chartered accountant or visit our blog.

 12.      Is GST content available for Tally Academy Partners to train their students?

GST training has already been scheduled for all registered Tally Educational Institutes, and a PPT document on GST has been shared accordingly. The recorded webinar videos are also available on our blog for GST at http://blogs.tallysolutions.com/gst-webinars/.

Please write to rahul.shandilya@tallysolutions.com for further clarification.

 13.      Where can I find the schedule for GST seminars or workshops?

The GST workshop or awareness camp is scheduled for customers, partners, and students. For details of the venue and date, visit our blog post (http://blogs.tallysolutions.com/hi/gst-events/).

 14.      What is the procedure to register for GST?

It is assumed that all existing Central Excise taxpayers are registered under State VAT Department. All existing taxpayers and VAT dealers will be given a provisional ID and password by the state VAT authority. Create your username and password at the GST common portal using this provisional ID and password.

GST common portal: https://www.gst.gov.in/

The detailed procedure for registering is available at: https://tutorial.gst.gov.in/userguide/#t=Enrolment_of_Existing_taxpayer_with_Provisional_ID_and_Password.htm

 15.      I am a Tally partner/customer. How do I get trained on GST?

Customers can join the Upcoming Webinars to know more about GST. Alternatively, contact your partners for a product demo, if needed.

Partners can contact their Business manager or Region Sales Manager for more details on the scheduled training in their location.

 16.      How is the input credit liability adjusted against the different GST components?

As per the GST act, input tax credit can be adjusted against your GST liability as shown below:

Input tax credit

Set off against tax liability

CGST

CGST and IGST (in this order)

SGST

SGST and IGST (in this order)

IGST

IGST, CGST, and SGST (in this order)

For detailed information, refer to How to Set Off Input Tax Credit Against Tax Liability in the GST Regime.

 17.      What is the criteria and eligibility for claiming ITC under the GST regime?

Under the GST regime, input tax credit can be availed by every registered taxable person on all inputs used or intended to be used in the course of or for furtherance of business. However, claiming ITC is subject to certain conditions:

o     You should have the Tax Invoice/Debit or Credit Note issued by a registered person.

o     The goods/services should have been received.

o     You should have filed GSTR-3 for the related month

o     The tax charged has been paid to the government by the supplier, either in cash or through utilization of ITC.

To know about the criteria and eligibility in detail for claiming ITC, refer to the following blogs:

o     Your checklist for availing input tax credit

o     Scenarios where you cannot avail input tax credit

Refer to Transferring Tax Credits of VAT, excise and service tax to GST, for more information.

18.       If my GSTR-1 and GSTR-2A are all correct, can I upload my GSTR2 and GSTR 3 together?

Yes, you can upload GSTR-2 and GSTR-3 together on the same day. GSTR is an auto-populated return, and therefore, you need to download the same on or after 20th of the month when the return was filed. This helps in calculating GST liability payable after adjusting the provisional ITC. However, you can pay your GST liability in advance which will be credited to your e-cash leger on the GST portal. While generating GSTR-3, the same e-cash ledger will be debited up to the payable amount.

19.              What is the difference between B2C large and B2C small invoices?

B2C large invoices

B2C small invoices

The value of the interstate sales transaction is greater than or equal to Rs. 2.5 Lakh.

The value of the interstate sales transaction is less than Rs. 2.5 Lakh.

Also includes local sales irrespective of the value of the transaction.

 
 
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