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GST PAYABLE ENTRY IN TALLY

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Discussion explains GST payable entry in Tally using a GST adjustment account. Input and output GST are adjusted through journal entries to determine net ITC or payable amount, followed by payment entry through bank if liability arises.

Subramanyam

Subramanyam (Querist)

19 November 2017 Sir /Madam, any body help me to pass GST payable out - input gst payable entry in Tally

RAJA P M

RAJA P M (Expert)

19 November 2017 Create a Ledger "GST ADJUSTMENT A/C". And adjust the following way... Dr. Adjustments A/c - XXXX Cr. Input CGST @ 9% - XXXX Dr. Output CGST @ 9% - XXXX Cr. Adjustment A/c - XXXX... Adjust all head of accounts... Finally you can get ITC / Payable amounts.... If reflect payable amounts then pass the payment GST Adjustments A/c - XXXX To, Bank A/c - XXXX... (Pay particular heads)

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