Bs GST liability for the month of September is Rs 50000. .
The supplier is also required to calculate GST on the advance received and great holiday gifts for teachers pay it to the government.
You will get more idea about GST Tax ledger creation here Creating Stock item for GST To create stock item go to Gateway of Tally Inventory Info Stock item Create Enter the name of the product.
Click F12: Configure and enable the option Allow modification of tax details for GST?Select the expense ledger and the tax ledgers.This will help if you have different tax rate and hsn for each discount metal carports products.GST Tax structure, basically there are two types of sale in GST.B has made an excess GST payment of.5 lakh which can be claimed as a refund by 31 gifts consultant reviews him. .Who should make the payment?Usually when the GST paid is more than the GST liability a situation of claiming GST refund arises.GST in tally ERP 9, tally provides you a hassle free GST Implementation since Tally ERP 9 realease.Registered dealer required to pay tax under Reverse Charge Mechanism(RCM).
Also if a refund is required to be claimed the same can be done by filing relevant refund related forms.
Here in our example computers have similar tax rate and HSN Code, We can set the rate at company level To set GST rate at company level Go to Gateway of Tally F11 Features F3:Statutory Set/alter GST details: Yes In the GST Details screen you.
If the Nature of Transaction is not defined for the expense ledger, but selected in the voucher, the message appears as shown above.
You can file your returns very easily using ClearTax GST Software.
Leave your Feedback, feedback, description: The taxpayer is required to issue a Receipt Voucher.We cal it in short as sgst cgst.Where tax liability is more than Rs 10,000, it is mandatory to pay taxes Online.Gateway of Tally F11 Features F3:Statutory, enable Goods and service tax (GST) : Yes.The challan has to be generated on GST Portal for both online and offline GST payment.Submitted By: Downloaded: 769 times, file size: 94 KB, rating: Rating: 4, download Other files in, gST category.Here effectively;The Distributor need to pay GST on Rs at is.