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Tally Account

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ACCOUNTANT
834 Points Posted on 29 January 2019

Hello

In tally there are 3 tax ledgers viz. igst, cgst and sgst. Is it necessary to transfer the balance amount in every month to other taxes account as same as setoff method followed in gst portal.

Bcz i think it is necessary and beneficial to finalise the account properly

Kindly clarify the same.

Thanks

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On 29 January 2019 at 17:58 Report
Replies (7)
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66 Points Posted on 29 January 2019
Yes you should do the intra head set-off and inter head set-off on monthly basis for proper maintenance of accounts. This will help you in finalizing the annual accounts along with annual GST returns.
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On 29 January 2019 at 18:19
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SERVICE
1465 Points Posted on 29 January 2019
only open 3 receivable account, 3 payable accounts and 3 cash wallet accounts.
4 Reply
On 29 January 2019 at 18:26
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ACCOUNTANT
834 Points Posted on 29 January 2019
Thank u Mr.Harshit and Mr.Nitin
3 Reply
On 29 January 2019 at 18:56
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SERVICE
1465 Points Posted on 29 January 2019
do you know how to to configure the GST implementation in tally?
4 Reply
On 29 January 2019 at 18:59
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203 Points Posted on 29 January 2019
every month make journal for gst payment.
first create a ledger gst paid account under current assets
and adjust all cgst,sgst and igst
1 Reply
On 29 January 2019 at 19:00
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CA Final student
7106 Points Posted on 29 January 2019
agred with arun sir sir answer
33 Reply
On 29 January 2019 at 22:25
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ACCOUNTANT
834 Points Posted on 29 January 2019
ok thank u Mr arun and Mr. Pritesh
3 Reply
On 29 January 2019 at 22:35


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