How many GST ledgers are required in Tally Prime for accounting purposes.
CGST
SGST
IGST
Input I/C/S-GST --%
Output I/C/S-GST --%
GST Payable
CSGT 2.5%
SGST 2.5%
IGST 5%
CGST 6%
SGST 6%
IGST 12%
likewise 18% & 28%
1) like this it's going to be more than dozen of GST ledger and how the balance of all ledger can be merged or have to post via journal?
2) Can we make only IGST CGST & SGST ledger and rate can be added when and as required?
3) Can duties ledger be made via group and sub group?
Any suggestion is most welcome
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GST ledgers in Tally
Replies (1)
If number of ledgers are more then you may pass month closing entry and merge all ledgers to 3 ledgers
CGST 2.5% A/c Dr
SGST 2.5% A/c Dr
IGST 5% A/c Dr
CGST 6% A/c Dr
SGST 6% A/c Dr
IGST 12% A/c Dr
To Input CGST/ SGST/IGST
To CGST Payable
To SGST Payable
To IGST Payable
CGST 2.5% A/c Dr
SGST 2.5% A/c Dr
IGST 5% A/c Dr
CGST 6% A/c Dr
SGST 6% A/c Dr
IGST 12% A/c Dr
To Input CGST/ SGST/IGST
To CGST Payable
To SGST Payable
To IGST Payable
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