Closing stock in tally

Kindly Inform entries of stock with GST.

Closing stock is the amount left with the company before the actual closing date. 

 

Purchase of goods Entries

Purchase A/c ………………Dr.                         

CGST A/c     ………………Dr.             

SGST A/c     ………………Dr.                              

To Creditors A/c

Purchase A/c ………………Dr.                         

IGST A/c     ………………Dr.                                               

To Creditors A/c

To create stock items

Go to Gateway of Tally > Inventory Info. > Stock Items > Create .

Set/alter GST Details - Yes to specify the details in the GST Details screen, and save.

Is GST Applicable - Applicable .

Set/alter GST Details - Yes .

Specify the details in the GST Details screen, and save.