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input output confusion

05 August 2017

in tally we have to make ledger input cgst and output cgst or only we can make cgst .... we can set off in journal voucher like vat or it automatice setoff with cgst sale and purchase. ... ?

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10 Replies

Ajay Prajapati (512 Points)
Replied 05 August 2017

input/output cgst ledger speratly or only we cab use one ledger like cgst for sale and purchase both ????

Sudiesh (Audit Assistant) (527 Points)
Replied 05 August 2017

No need to create Input and output CGST/SGST ledger. Only need to create CGST/SGST/IGST Ledgers in Tally

Ajay Prajapati (512 Points)
Replied 05 August 2017

then how we check output input gst. seprately ?

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 05 August 2017

@ Ajay.,
You ll be create Input and Output Ledgers. That's for helpful and without confusion.....

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 05 August 2017

also you set off as per VAT...
Just pass a journal entry....

Ajay Prajapati (512 Points)
Replied 05 August 2017

yess this was helpfull thank u sir

Sudiesh (Audit Assistant) (527 Points)
Replied 06 August 2017

if you made input and output Ledger in tally this will create problem when you generate returns using tally.

Even by using a single Ledger you can verify the input and output balance by seeing debit and credit in concerned ledger

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 06 August 2017

No...
No more problems made....
all out put is reflected in GSTR 1 and all input in GSTR 2....
Did not made any confusion...

Ajay Prajapati (512 Points)
Replied 06 August 2017

yes there is no prob to make input and output gst tax ledger ... i practice it its create no prob... input tax automatically goes to gstr2 and output automatically goes to gstr 1 .... making input output ledgers is easy and quickly and without confusion to calculate tax seperataly