How to Enabling Goods and Services Tax – GST- in Tally.ERP 9

Government of India is working on GST and still the entire picture will get clear when it’s officially placed into force. However, Tally Solutions Pvt Ltd is actively working on GST Features and Few preparations with respect to Registration of GST, Tax Structure and GST Entries in Tally are the things we need to learn right now.

Creating a Company:

To create a company,

Go to Gateway of Tally > Alt + F3 > Create Company

  1. Enter the basic information, i.e., Name, Mailing Name and Address of the company, for e.g., National Traders and other relevant details.

  2. Select Singapore from the List of Countries in the Statutory compliance for field.

  1. Specify the E-mail details.

  2. The Currency Symbol for Indonesia will be displayed as S$ by default.

  3. In the Maintain field, select Accounts Only or Accounts with Inventory as per the company requirements.

  4. In the Financial Year from and Books beginning from fields, the first day of the current financial year for e.g., 1-4-2008 will be displayed by default, which can be changed as per requirement.

  5. Set the option Disallow opening in Educational mode to either Yes or No as per requirement.

  6. Enter the TallyVault Password if required.

  7. Set Use Security Control field to Yes if required.

  1. Press Y or Enter to accept and save.

Enabling GST in F11: Features

Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation

  1. Set Prepare & Follow Singapore Style GST Returns to Yes

  2. Enter the GST Registration Number and the Company Registration Number

  1. Accept the Company Operations Alteration screen

Leave a Reply