GST Annual Computation The GST Annual Computation in TallyPrime provides you with a brief view of business transactions recorded during the financial year. The information related to vo...

KFC Computation Report The KFC Computation report in TallyPrime provides you with a collective view of business transactions recorded during a period. The information in the report is further organized into number of transactions and tran...

GST Advance Receipts You can keep a track of the GST advance receipts in TallyPrime. It is also called GST on advance received or the tax payable on the advance receipt. The facility enables you to track the advance payment received...

Challan Reconciliation Report for GST Payments All the tax payment vouchers recorded for paying GST and other liabilities are displayed in Challan Reconciliation report. For each payment, the bank and challan details can be provided from ...

Purchase from URD – Reverse Charge Liability Report for GST The Purchase from URD – Reverse Charge Liability report displays vouchers recorded for purchase from unregistered dealers or simply, URD purchases. It displays the ta...

Input Tax Credit (ITC) to be Booked on Reverse Charge (RCM) Under GST You can view the details of liability or input credit to be booked or claimed, on purchases under reverse charge, and import of goods and services, in the report provid...

File GSTR-1 With TallyPrime, you can file GSTR-1 in three easy ways: by generating JSON from TallyPrime, by using the GST Offline tool, or by filing directly on the GST portal. GSTR-1 includes the details of all outward supplies made...

GSTR-2 Report GSTR-2 report in TallyPrime includes the details of all inward supplies made in the given period. Note: GST council has deferred filing of GSTR-2 until further orders. A...

e-Invoicing in TallyPrime e-Invoicing is a system that allows the Invoice Registration Portal (IRP) to authenticate B2B invoices electronically. Accordingly, TallyPrime is here to provide a smooth e-invoicing experience for...

Data Captured in GSTR-2 Excel File Know the details of data captured in GSTR-2 excel file when you use the MS Excel format to export new claims that need to be uploaded for GSTR-2. The Excel file includes only invoices with the sta...

Record Import of Services | GST Reverse Charge (RCM) Importer of taxable services is liable to pay reverse charge under GST, and can claim input credit. In TallyPrime you can record import of services, raise liability of the...

Resolving Incomplete/Mismatch in Information – GSTR-2 If a voucher has multiple exceptions, on resolving one exception it will move to the next exception category until all exceptions are resolved and entries moved to Included in Re...

Manage Reversal and Reclaim of ITC for UT Merger Transition In the books of company in Daman & Diu, you have to record an adjustment transaction to reverse the remaining input tax credit. This reversal amount is reported in the table ...

Reconcile Mismatch in Input Tax Credit: Books Vs GST Portal with GSTR-2A Before claiming input tax credit, you can check the eligible amount as per the GST portal, compare it with your books and manually reconcile the entries in GSTR-2 re...

GST Adjustments ISD Credit under GST When multiple services are received for businesses operating under a single registration, against a single tax invoi...

Export GSTR-1 in JSON Format & Update Rate-wise HSN/SAC Summary In the latest amendments announced for GSTR-1, a few changes have been introduced with respect to reporting of ...

Record a Journal Voucher for ISD Credit under GST When multiple services are received for businesses operating under a single registration, against a single tax invoice, the tax credit of such services can be distributed amongst each busi...

In the latest amendments announced for GSTR-1, a few changes have been introduced with respect to reporting of HSN/SAC Summary. The changes are given below: The HSN...

Record a Journal Voucher for Refund of Tax Credit under GST You can claim the excess amount paid as tax, interest, penalty, late fee or other dues as refund using a journal voucher. Gateway of Tally...

With TallyPrime, you can file GSTR-1 in three easy ways: by generating JSON from TallyPrime, by using the GST Offline tool, or by filing directly on the GST portal. GSTR-1 includes the details of all outward supplies made in a given period. T...

Export Section-Wise JSON Files for IFF to File E-Returns If you are filing returns quarterly but paying tax monthly, then you will be using Invoice Furnishing Facility (IFF) provided on the ...

Record a Journal Voucher for TCS Adjustment in GST An e-commerce operator can deduct TCS on the goods and services received. The deductee, who has supplied the goods or rendered the service, can claim the TCS amount as tax credit. ...

File GSTR-3B In TallyPrime, you can export data in the JSON format and upload it to the portal for filing the returns. Ensure that all exceptions regarding incomplete/mismatch in information are reso...

Record a Journal Voucher for TDS Adjustment in GST The government or government agency can deduct TDS on the goods and services received. The deductee, who has supplied the goods or rendered the service, can claim the TDS amount as tax cr...

Use the transactional data from TallyPrime to file GST annual returns Form GSTR-9. The information from return forms GSTR-1, GSTR-2, GSTR-3B and other registers provided in TallyPrime will help you to compute the values for GSTR-9. Find the steps ...

Record Journal Vouchers for Adjustments Against Input Tax Credit (ITC) under GST The tax credits of central tax, integrated tax and state tax can be used to set-off the liability of central tax, state tax/UT tax and integrated tax in the ...

Use the transactional data from TallyPrime to file GST annual returns Form GSTR-9C. The information from return forms GSTR-1, GSTR-2, GSTR-3B, GSTR-9 and other registers provided in TallyPrime will help you to compute the values for GSTR-9C. Find ...

Record Journal Vouchers for Interest, Penalty, Late Fee and Other Dues in GST You can a record journal voucher to raise the liability towards interest, penalty, late fee, or other dues. Gateway of Tally...

A company with multiple branches having a single GSTIN within the state can maintain data, and file returns with ease through TallyPrime. For this, you need to Ensure different ...

Record Journal Vouchers for Reversal of Tax Credit under GST Reversal of tax credit can be done for trading goods, capital goods, goods meant for self-consumption and services. You can reverse the tax credit, using a journal voucher. ...

This page answers all the frequently asked questions regarding the GSTR-1 HSN Summary in TallyPrime Release 2.0, which is as per the GSTR-1 Return Format.  You will get answers to how and why the views of the HSN Summary in TallyPrime ...

Transfer Tax Credit of SGST to UTGST for Ladakh As UT Tax is applicable for Ladakh from 1-Jan-2020, you can transfer the tax credit of SGST ledgers to UTGST ledger using the new journal adjustment Transfer of ITC.   ...

This topic will take you through some of the issues that might occur while preparing your returns using the GST Offline Tool or while filing your returns on the GST portal. GSTR-1...

Transferring Tax Credits of VAT, Excise, and Service Tax to GST You can record a journal voucher to transfer the closing balance of tax credits of VAT, additional tax, cess, surcharge, CENVAT, service tax, krishi kalyan cess, and special ...

You can enter the full advance amount in the advance receipt and payment voucher without selecting the tax ledgers. The tax amount will be calculated as an indicative value, and will not appear in the GSTR-3B...

The tax gets calculated at the applicable slab rate defined in the stock item. If the slab rates cannot be applied for a particular price, the value entered as Rate (Incl. of Tax) appears as the...

For accurate GST calculation in invoice, ensure that you specify all the tax-related details for the stock items at the same level (Ledger or Group or Stock item or Stock group or Company) in TallyPrime. GST rates may not get applied for accurate ...

Valid for: MS Excel 2007, MS Excel 2010, MS Excel 2013, MS Excel 2016 You need to add TallyPrime installation folder as a trusted location in your MS Excel appears while exporting data in the MS Excel format. Cause Microsoft...

Cause The tax amount and rate mismatch error message appears when there is a difference between the tax amount in the transaction and the tax amount calculated based on the tax rates specified. This difference may be because: ...

You can manage reversal and reclaim of ITC in TallyPrime for UT merger transition. In the books of company in Daman & Diu, you have to record an adjustment transaction to reverse the remaining input tax credit. This reversal amount is r...

In a few scenarios, GST is not calculated automatically. You can do the following to automate the calculation. The HSN will appear from the master in which the tax rates are defined. ...

You can print the LR-RR number and the vehicle number on the invoice in TallyPrime, especially when movement of goods is involved. Ensure to set the option Provide Dispatch, Order, and Export details ...

Effective from 1st February 2019, GST should not be levied on invoices recorded from the date of applying for cancellation of GST registration. In order to record invoices after applying for cancellation of GST registration, create new ledgers for...

In TallyPrime, you can easily record stock transfers or branch transfers as GST purchases & GST sales. You will need to record such transactions in case of transfer of material from one branch to another. In such cases, GST applicability depen...

Effective from 1st Aug 2019 the state of Kerala has introduced Kerala Flood Cess (KFC) on goods and services. The Kerala Flood Cess or KFC is levied on intra-state supplies made by taxable person (Regular Dealers) to consumers and unregistered dea...

The Kerala Government has announced that the Flood Cess will be discontinued or stopped with effect from 1st August, 2021, so the dealers should ensure that KFC will no longer be calculated through the accounting software from the said that forwar...

What is GSTIN? The important identifier for businesses in the GST era is the GSTIN or Goods and Services Tax Identification Number, or simply GST number. Most businesses on applying for GST number or migrating their registration under the...

e-Invoice business applicability from 1st January,2021With the first phase of e-invoice already being implemented for the businesses with a turnover of 500 crores and above, it’s now time for the second phase of e-in...

How to easily verify the E- invoice QR in your mobile Please follow the following Procedures Step 1: Go to the following website ...

What is QRMP scheme? To reduce the compliance burden and facilitate ease of doing the business, the GST Council in its 42nd meeting held on 05.10.2020, had recommended a ‘Quarterly Return Monthly Payment Scheme’ which is refer...

Uploading to IFF for QRMP Dealers Export Section-Wise JSON Files for IFF to File E-Returns If you are filing returns quarterly but paying tax monthly, th...

Set Up TallyPrime for GST Composition If you are using the GST feature provided for regular dealers to maintain your books under the composition scheme, you can now start using the GST composition features. To maintain books under ...

Start Using TallyPrime for GST Compliance To record a GST transaction, you have to activate GST and also update or create the required ledgers.   Activate GST for your company...

Activate GST for Your Company To use TallyPrime for GST compliance, you need to activate the GST feature. Once activated, GST-related features are available in ledgers, stock items, and transactions, and GST returns can be generated. ...

Update Sales and Purchase Ledgers for GST If many items you sell have the same tax rate, specify the tax rate and other GST details in your sales ledger. Similarly, if the items you purchase have the same tax rates, update your purchase l...

Create GST Ledgers You can account for different taxes under GST (central tax, state tax, UT tax, integrated tax, and cess), for which you need to create GST ledgers or tax ledgers for each tax type.   ...

Create Party Ledgers for GST You can create party ledgers for GST in TallyPrime for the parties with whom you purchase and sell goods and services, with the GST registration details. You can create ...

GST Classifications in TallyPrime You can create GST Classifications in TallyPrime in order to record the tax rates and other details for categories of goods attracting different GST rates. For example, you can create GST Classifications ...

Update a Service Ledger for GST You can update a service ledger for GST in TallyPrime. To update taxes and other GST details for your service items, you need to modify your service ledgers. Gateway of Tally...

Ledgers For Expenses, Incomes, Non-Revenue Accounts, Invoice Rounding Under GST Supply of goods or rendering of services may involve additional expenses, which can either be part of stock items or service value, or can be ch...

Update Stock Items and Stock Groups for GST You have a facility to update stock items and stock groups for GST in TallyPrime. If the items have different tax rates, with or without slab rates, update your stock item masters or stock group...

Update Party GSTIN/UIN Quickly update the GSTIN/UIN details for your parties group-wise from the Update Party GSTIN/UIN report. You can also provide this at the individual party ledger level. Use the Import Party GSTIN tool to import GSTI...

Set GST Rate in TallyPrime You can set GST rate in TallyPrime. Quickly set up GST rates for your company, stock item-wise or stock group-wise, using the GST Rate Setup option. You must ...

Manage HSN Codes/SAC and Tax Rates in TallyPrime You can specify and manage HSN codes/SAC and tax rates in TallyPrime at different levels for the ...

Provide GST Details in TallyPrime You can provide GST details in TallyPrime by specifying all GST-related information relating to your business in the GST Details screen. This screen can be configured to enable further options which will ...

Validate GSTIN/UIN and HSN/SAC Online in TallyPrime The information related to a Party’s GSTIN/UIN is a vital part of transactions recorded for the Party. On the other hand, HSN/SAC details are important to identify ...

Online Validation of GSTIN and HSN Using TallyPrime – FAQ Get answers to all the frequently asked questions on the online validation of GSTIN and HSN in TallyPrime. Online GSTIN/UIN Valida...

Purchases Under GST Once you activate GST in your company, you can record the purchase of goods and services (inward supply) that attract GST using a purchase voucher. You can also record purchases from other territory and SEZ, nil rated ...

Record Import of Goods under GST You can record import of goods under GST using a purchase invoice, record tax payment, and then raise liability on the tax payable. In an import transaction, GST applicability depends on the type of...

GST on Inward Remittance of Service Value You can pay GST on the inward remittance of service value and capture it in GSTR-3B. Consider the scenario where 18% GST has to be charged on an inward remittance of Rs. 2,750 for the servi...

Record Expenses With GST in Purchase, Payment or Journal Voucher A business may incur day-to-day expenses such as rent, telephone bills, Internet Bill, stationery, petty-cash expenses, and so on, to carry out the operations. These expense...

Avail Input Tax Credit (ITC) on Purchase of Capital Goods As per Rule 43 of CGST Rules, you need to avail input tax credit on purchase of capital goods in the same month of purchase. There is no provision in GST rules, to avail or carry f...

Account for TDS or TCS on Purchases Under GST Record a purchase voucher with GST for the complete transaction, and then deduct TDS in journal voucher. Make the payment for the balance amount. These transactions will not appear in GST retu...

Record Services Availed in Another State as an Intrastate Transaction Consider a scenario where your business is in a union territory, or you are an assessee of another territory. When you are availing services in another state, as the pl...

Sales Under GST You can record sales under GST in TallyPrime and print a valid GST tax invoice with party’s GST registration and location, item details (HSN or SAC), and tax rates. You can also record the export of goods, sales to o...

Record Sales of Items with Cess You can record sales of items with Cess in TallyPrime for items on which cess is applicable. To apply cess on items, create a separate tax ledger for cess. Under GST cess is applicable on quantity or value ...

GST Sales with Discount at Item Level You can record GST sales with discount at item level in TallyPrime. While recording a sales transaction, you can easily enter the discount rate or amount for each stock item. To consider discounts for...

Calculation of GST Based on Slab Rate, Cess on Quantity and Value You can define the percentage of GST for a particular price range with/without additional ledgers, or the cess amount per unit, or cess on quantity and value, in the stock ...

Inclusive of Tax with Accounting Allocation in TallyPrime Before upgrading to TallyPr...

Print Invoice with HSN/SAC in TallyPrime You can print invoice with HSN/SAC in TallyPrime. It is recommended that HSN code/SAC and tax rate are specified at the same level (Ledger or Group or Stock item or Stock group or Company). ...

Online and Offline e-Invoice Generation on IRP Using TallyPrime Important Announcement  National Informatics Centre (NIC) has recently communicated that the government body will discontinue some of the old API versi...

Reasons for Rejection of e-Invoice and Resolutions NIC has published the following error codes, error message, the reasons for the errors and the corresponding resolutions to help you resolve errors faced during e-Invoice upload to the NI...

e-Invoice Trial Through e-Invoice Sandbox in TallyPrime If you are a GST-registered dealer eligible for e-Invoicing, then the e-Invoice Sandbox system, also known as the e-Invoice trial portal, w...

Record Sales of Solar and Renewable Energy Projects You can record sales invoice in TallyPrime for solar and renewable energy projects, and you can do so for purchases too. In the invoice, enter 70% of the assessable value as goods taxabl...

Record Courier Services to Places Outside India (Supplies under Section 7 of IGST Act) In 2018, the IGST Act was amended and a change was introduced through this amendment: “if the transportation of goods is to a place outside India...

Journal Vouchers in GST This topic provides a brief description about the nature of adjustments available for GST in TallyPrime. ...

GST Adjustments ISD Credit under GST When multiple services are received for businesses operating under a single registration, against a single tax invoi...

Accounting for Ineligible Input Tax Credit under GST You can record purchases of stock items on which tax credit cannot be claimed, by setting the option Set Ineligible Input Credit? to Yes in the group/...

Transfer Tax Credit of SGST to UTGST for Ladakh As UT Tax is applicable for Ladakh from 1-Jan-2020, you can transfer the tax credit of SGST ledgers to UTGST ledger using the new journal adjustment Transfer of ITC.   ...

Transferring Tax Credits of VAT, Excise, and Service Tax to GST You can record a journal voucher to transfer the closing balance of tax credits of VAT, additional tax, cess, surcharge, CENVAT, service tax, krishi kalyan cess, and special ...

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Reasons for Rejection of e-Way Bill and Resolutions The following are the error descriptions and error codes for e-Way Bill provided by NIC. Error descriptions are self explanatory. Wherever additional explanation is required we have...

Data Captured in GSTR-1 e-Return GSTR-1 return can be exported in the e-return format for any given period. All the transactions that are displayed under Included in returns section in GSTR-1 report will be exported. All the necess...

GSTR-1 Report GSTR-1 is a tax return that summarises the sales and other outward supplies made by a regular dealer. It has to be filed either quarterly (if the turnover is less than Rs 1.5 crore, Rs 5 crore from Jan 2021 onwards) or month...

Resolve Incomplete/Mismatch in Information – GSTR-1 If a voucher has multiple exceptions, on resolving one exception it will move to the next exception category until all exceptions are resolved and entries moved to Included in Retu...

Status Reconciliation (GSTR-1) GST compliance is complete if information of outward and inward supplies in books reconcile with the data on GST portal. Due to involvement of counter-party, multiple systems, and users, discrepancies creep ...

What is GSTR-2B and Key Highlights GSTR-2B is an auto-populated return containing information of your B2B purchases. It is generated for you every month by GSTN based on the invoices filed in the returns by your suppliers (th...

GSTR-3B Report in TallyPrime Form GSTR-3B is an interim return form the GST dealers with regular registration should use, to file monthly returns. From TallyPrime, you can generate GSTR-3B, export the data in the JSON format, and upload i...

Resolve Incomplete/Mismatch in Information – GSTR-3B If a voucher has multiple exceptions, on resolving one exception it will move to the next exception category until all exceptions are resolved and entries moved to Included in Ret...

View Purchase of Reverse Charge Supplies Report in TallyPrime – GST You can view purchase of reverse charge supplies report in TallyPrime, which displays transactions of purchases and journal vouchers recorded under re...

HSN/SAC Summary HSN/SAC Summary report contains the details of HSN/SAC-wise taxable value and tax amount. The HSN Summary in the GSTR-1 report of TallyPrime provides HSN/SAC-wise details of all outward supplies. To...

Document Summary Report for GST in TallyPrime We have provided the Document Summary report in which you can view the transaction count of sales, purchase from unregistered dealers, debit note, credit note, receipt voucher, p...

Tax Liability on Advance Receipts When advance is received and an invoice is not recorded against the advance in the same period, the taxable person has to pay tax on the amount of advance received. The report Ad...

In your business, along with the regular sales at different GST rates, you can also supply goods and services at a nil rate or even be exempt. You can ...

Tax Liability on Reverse Charge Advance Payments in GST When advance is paid for goods/services attracting reverse charge and an invoice is not recorded against the advance in the same period, the taxable person has to pay tax on the amou...