CGST/SGST Classification

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CRR RR

44 Points Posted on 14 January 2025

Hi Sir

Please advise

CGST Input

SGST Input

CGST Out put tax

SGST Output tax

classifications in Tally prime

Thanks

Replies (2)

Quick Summary

This discussion explains how to correctly classify CGST, SGST, IGST, and Cess within Tally Prime. It provides a detailed breakdown of tax types, ledger setups, and classification under 'Input Credit' or 'Output Tax'. The guide includes steps for creating these ledgers under 'Duties & Taxes' to ensure accurate accounting.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 14 January 2025

In Tally Prime, you can classify the CGST, SGST, IGST, and cess under the following categories: Tax Classification in Tally Prime *1. CGST Input* - *Tax Type*: Central Tax - *Tax Ledger*: CGST Input (under Duties & Taxes) - *Classification*:

Input Credit *2. SGST Input* - *Tax Type*: State Tax - *Tax Ledger*: SGST Input (under Duties & Taxes) - *Classification*: Input Credit

*3. CGST Output Tax* - *Tax Type*: Central Tax - *Tax Ledger*: CGST Output (under Duties & Taxes) - *Classification*: Output Tax

*4. SGST Output Tax* - *Tax Type*: State Tax - *Tax Ledger*: SGST Output (under Duties & Taxes) - *Classification*: Output Tax

*5. IGST Input* - *Tax Type*: Integrated Tax - *Tax Ledger*: IGST Input (under Duties & Taxes) - *Classification*: Input Credit

*6. IGST Output Tax* - *Tax Type*: Integrated Tax - *Tax Ledger*: IGST Output (under Duties & Taxes) - *Classification: Output Tax

7. Cess Input* - *Tax Type*: Cess - *Tax Ledger*: Cess Input (under Duties & Taxes) - *Classification*: Input Credit *8. Cess Output Tax* - *Tax Type*: Cess - *Tax Ledger*: Cess Output (under Duties & Taxes) - *Classification*:

Output Tax To classify these taxes in Tally Prime: 1. Go to *Gateway of Tally* > *Accounts Info* > *Ledgers* > *Create*.

2. Create separate ledgers for CGST Input, SGST Input, CGST Output, SGST Output, IGST Input, IGST Output, Cess Input, and Cess Output under *Duties & Taxes*.

3. Set the *Tax Type* and *Tax Ledger* accordingly for each ledger.

4. Classify the ledgers under *Input Credit* or *Output Tax* as applicable. By following these steps, you'll be able to accurately classify CGST, SGST, IGST, and cess in Tally Prime.