GST Example Sum - 7 in Tally Prime Tamil

GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.

  • GSTR 1 is a monthly return of outward supplies. Essentially, it is a return showing all the sales transactions of a business.
  • GGSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies.
  • GST-3b is a monthly self-declaration to be filed by a registered GST dealer along with GSTR1 and GSTR2 return. it is a simplified return to declare summary liabilities for a tax period.

Create Company

To get started with Tally Prime, you need to first create your company to keep a record of all your day-to-day business transactions. To create the company, you need the company name and financial year information. You can enter all other details such as contact information, security, while creating the company or any time later.

How to create a company in Tally Prime

  • In tally, after login double click on the create company option under company information.
  • Go to Top Menu -> Company -> Create -> Enter
Open Tally Prime

Ledger in Tally Prime

Ledgers in Tally Prime The ledgers in Tally Prime or in the Books of Accounts affect assets, liabilities, income or expenses. Tally Prime can generate a Profit & Loss A/c and Balance Sheet immediately after a transaction has been entered. It can also generate a range of comprehensive financial statements and reports.

Create a single ledger

  • Press Alt+G (Go To) -> Create Master -> type or select Ledger and press Enter.
    Alternatively, Gateway of Tally -> Create -> type or select Ledger and press Enter.
Open Tally Prime
  • Enter the Name of the ledger account.
    Duplicate names are not allowed.
  • Enter the alias of the ledger account, if required.
    You can access the ledgers using the original name or the alias name
  • Select a group category from the List of Groups.
  • Enter the Opening Balance.
    The opening balance is applicable when the ledger is an asset or a liability, and also if it has a balance in the account as on the books beginning date.
  • Press Ctrl + A to save, as always
Open Tally Prime

Voucher in Tally Prime

There are 24 pre-defined voucher types in Tally Prime for accounting, inventory, payroll and orders. You can create more voucher types under these pre-defined voucher types as per your business needs.
For example, for cash payments and bank payments, the predefined voucher type is Payment Voucher. You can also have two or more sales voucher types in Tally Prime for different kinds of sales transactions. For example, credit sales, cash sales, and so on.

INTRA STATE (Within The State)


Apr 01 Purchased goods from Mr. Kavi ,Tamil Nadu with supplier invoice 159.

S.NOProduct QtyRateTAX HSN Code
1Smsung 160nos Rs.900 18% 84716060
2Apple 100nos Rs.6000 5% 080240
3Mouse 80nos Rs.700 18% 84716060
4Keyboard 60nos Rs.7000 18% 920190

Apr 16 Purchased goods from Mr. Rasi & Co,Tamil Nadu with supplier invoice 290

S.NOProduct QtyRateTAX HSN Code
1Cinthal 70nos Rs.1000 18% 33073090
2Candrika 60nos Rs.500 18% 34011190
3Candrika 125gm 60nos Rs.600 18% 3401
4Dove 40nos Rs.800 18% 3401

Purchase Voucher in Tally Prime

Whenever you purchase a product or service, you record the purchase entry. In tally, this is recorded through the purchase voucher. It is also one of the most widely used vouchers in tally. There are two modes for accounting in purchase vouchers- Invoice mode and Voucher mode, as mentioned in the sales voucher

You may do a simple cash purchase or purchase on credit. For each purchase transaction, you will need to keep a record of the items you bought, payments made, goods returned, and so on.

How to Use Purchase Voucher in Tally Prime
  • Gateway of Tally -> Voucher -> Purchase Voucher(F9) or F10: Other Voucher ->Purchase Voucher

    • Open Tally Prime
  • Enter the Supplier Invoice No. and Date.
  • Create ->Secondary ledger press Alt +C

    • Open Tally Prime
  • Create ->Secondary Stock Item press Alt +C
      • Open Tally Prime
    • Enter ->Stock Item create Name
    • Enter ->Stock Item create Under in Stock in Hand
    • Enter ->Stock Item create Unit in Nos
    • GST Applicable: Applicable
    • Set Alter GST DetailsYes
    • The GST Details for Stock Item window opens.

      • Open Tally Prime
    • Press F12 Configure -> set Allow HSN/SAC details to Yes.
      As always, press Ctrl+A to save

      • Open Tally Prime
    • As always, press Ctrl+A to save.
    • Enter the Description.
    • The under HSN/SAC, enter the HSN Code .of the Stock Items.
      This can be a 4-digit, 6-digit, or 8-digit HSN Code, depending on the type of item.
    • The Under Calculation Type, select
      On Value.On the basis of this selection,the tax amount will be calculated based on the value of the Stock Items.
      If you select Item Rate then the tax amount will be calculated based on the rate corresponding to the Item.
    • This Under Taxability, select Taxable.
    • This Under Integrated Tax, enter the GST Rate of the Stock Items.
    • Enter Cess, if applicable.
      After providing all the details, The GST Details of Stock Item screen appears as shown below.

      • Open Tally Prime
    • As always, press Ctrl+A to save
    • Type of Supply:Goods
    Open Tally Prime
  • Accept the screen. As always, press Ctrl+A to Save.

  • follow the above steps for Create all Stock item.

  • Create ->Secondary Ledger for TAX press Alt +C

    • State Tax


    Open Tally Prime

    Central Tax


    Open Tally Prime
    Open Tally Prime
  • Accept the screen. As always, press Ctrl+A to Save.

    • INTER STATE (Outside The State)


    Apr 05 Purchased goods from Mr. Navi & Co, Bangalore with supplier invoice 287.

    S.NOProduct QtyRateTAX HSN Code
    1Iron box 100nos Rs.3000 12% 731010
    2Heater 150nos Rs.1000 18% 732290
    3Calculator 100nos Rs.6000 18% 84703000
    4Lux 50nos Rs.10000 18% 34011190
    • Gateway of Tally -> Voucher -> Purchase Voucher(F9) or F10: Other Voucher ->Purchase Voucher

      • Open Tally Prime
    • Enter the Supplier Invoice No. and Date.
    • Create ->Secondary ledger press Alt +C
    • Create ->Secondary Stock Item press Alt +C
      • Enter ->Stock Item create Name
      • Enter ->Stock Item create Under in Stock in Hand
      • Enter ->Stock Item create Unit in Nos
      • GST Applicable: Applicable
      • Set Alter GST DetailsYes
      • The GST Details for Stock Item window opens.
      • Press F12 Configure -> set Allow HSN/SAC details to Yes.
        As always, press Ctrl+A to save.
      • As always, press Ctrl+A to save.
      • Enter the Description.
      • The under HSN/SAC, enter the HSN Code .of the Stock Items.
        This can be a 4-digit, 6-digit, or 8-digit HSN Code, depending on the type of item.
      • The Under Calculation Type, select
        On Value.On the basis of this selection,the tax amount will be calculated based on the value of the Stock Items.
        If you select Item Rate then the tax amount will be calculated based on the rate corresponding to the Item.
      • This Under Taxability, select Taxable.
      • This Under Integrated Tax, enter the GST Rate of the Stock Items.
      • Enter Cess, if applicable.
        After providing all the details, The GST Details of Stock Item screen appears as shown below.
      • As always, press Ctrl+A to save.
      • Type of Supply:Goods.
    • Accept the screen. As always, press Ctrl+A to Save.
    • follow the above steps for Create all Stock item.

    • Create ->Secondary Ledger for TAX press Alt +C

      • Integrated Tax


      Open Tally Prime
      Open Tally Prime

    INTRA STATE (Within The State)


    Apr 16 Apr 22 Goods sold on Mr. Musina ltd Tamil Nadu with customer invoice 195

    S.NOProduct QtyRate
    1Smsung 100nos Rs.1200
    2Apple 60nos Rs.7000
    3Iron box 80nos Rs.4000
    4Heater 100nos Rs.1500

    May 08 Goods sold on Mr. Muthu & Co,Tamil Nadu with customer invoice 389

    S.NOProduct QtyRate
    1Mouse 70nos Rs.800
    2Keyboard 50nos Rs.8000
    3Candrika 50nos Rs.600
    4Dove 30nos Rs.900

    Sales Voucher in Tally Prime

    Whenever you sell a product or service, you record sales entries. In tally, the sales are recorded through the sales voucher. It is one of the most widely used accounting vouchers in tally. There are two modes for accounting in sales vouchers- Invoice mode and Voucher mode.

    How to Use Sales Voucher in Tally Prime
    • Gateway of Tally -> Voucher -> Sales Voucher(F8) or F10: Other Voucher ->Sales Voucher

      • Open Tally Prime
    • Create ->Secondary ledger press Alt +C

      • Open Tally Prime
    • Select ->Stock Item for press Enter

      • Open Tally Prime
    • Accept the screen. As always, press Ctrl+A to Save.

    INTER STATE (Outside The State)


    follow the above steps for following transaction.

    May 01 Goods sold on Mr.Nila ltd, New Delhi with customer invoice 348

    S.NOProduct QtyRate
    1Cinthol 40nos Rs.2000
    2Candrika 125gm 30nos Rs.800
    3Calculator 90nos Rs.6500
    4Lux 40nos Rs.11000

    Profit and Loss In TallyPrime

    Profit and Loss A/c is one of the primary financial statements that you can use to monitor the health of your business. It summarizes the revenues, costs, and expenses for a specific period, such as a quarter or a year. Thus, you can easily gather the net result of the business operations.

    Using the Profit and Loss A/c in Tally Prime, you can measure the ability of your business to generate profit. Accordingly, you can take various measures to increase revenue, reduce costs, and so on. What’s more, you can view the Profit and Loss A/c in the browser.

    How to Use Profit and Loss in Tally Prime
    • Gateway of Tally -> Report -> Profit & Loss A/C (F1)
    Open Tally Prime

    Balance Sheet In TallyPrime

    Balance Sheet is one of topmost financial statement prepared by the businesses. The financial details of the balance sheet help you and the external stakeholders to evaluate the financial performance of the business on a given date. Before knowing the steps to prepare a balance sheet and reading the balance sheet, it is important to be familiar with the components and format of the balance sheet.

    • Gateway of Tally -> Report -> Balance Sheet (F1)
    Open Tally Prime

    GST Reports In TallyPrime

    • Go to Gateway of Tally prime -> Go To -> GST ReportsEnter
      • GSTR-1 in Tally Prime

      Form GSTR-1 is a monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.

    • Go to Gateway of Tally prime -> Go To -> GST Reports->GSTR-1 Enter
      • Open Tally Prime
      GSTR-2 in Tally Prime

      The GSTR-2 is a monthly tax return showing the purchases you've made for that month. When you make purchases from registered vendors, the information from their sales returns (GSTR-1) will be available in the GSTN portal as GSTR-2A for you to use in your GSTR-2.

    • Go to Gateway of Tally prime -> Go To -> GST Reports->GSTR-2 Enter
      • Open Tally Prime
      GSTR-3B in Tally Prime

      Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.

    • Go to Gateway of Tally prime -> Go To -> GST Reports->GSTR-3B Enter
      • Open Tally Prime

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