How to Set GST Details in Tally

You will need the following to set GST Details in Tally.

• a valid GSTIN – Goods and Services Tax Identification Number,
• Rate of GST – for example – 28% IGST divided into 14% CGST and 14% SGST and
• HSN Code – Harmonized System Nomenclature which is different according to the product or service you sell.

You will have all the details if you have registered for GST on the GST Portal.

If you do not have any of the above details, it is perfectly okay. You can simply go through this post to know the method to set GST details in Tally.

In fact, I will be using fake GSTIN and fake HSN for the explanation of this post.

So, hop on with me. Let’s start. I am assuming you are already at the Company Operations Alteration screen where you enabled GST.

• Press Y against the Set/alter GST details option and press Enter.
• You will see the Company GST Details screen as shown in the picture below.

Set GST Details in Tally

• First option is State – Select your State or the state in which the business is located. Mine is Gujarat.
• Second option is Registration type – Regular
• GSTIN/UIN – Enter the GSTIN or UIN. It will be printed on the invoices later when you create ledgers related to GST in Tally.
• Applicable from – This is date from which GST is applicable to you. Most probably it will be 1st July, 2017.
• Set/alter GST rate details – This is where you will enter the rates of GST according to the product you sell.
  • Press Y and press Enter to enter the rates and HSN details as in the picture below.

GST Tax Rate Details in Tally

• • Write the Description about the goods or services you sell on the basis of your HSN Number.
  • Enter the HSN Number.
  • In Tax Details, there are 3 options.
    • Exempt
    • Nil Rated
    • Taxable
  • Most probably, you will have to select Taxable option because your goods or services will be taxable under the GST.
  • Next option is Integrated Tax under Tax Type. Tally calculates both the Central and State Taxes exactly half for each of them.
    So when you enter 28% Integrated Tax, it will be divided into 14% for CGST and 14% for SGST automatically.
    You can also enable Central and State Tax option if you want to see columns for both of them instead of one integrated tax column. Here is how you can do it.
    • Press F12 while remaining on the same screen which opens up a Configuration menu.

GST Rate Configuration in Tally

• • • Select the last option Show all GST tax types to Yes and press Enter and now you will see Central and State Tax option too as in the picture below.

    • 

      GST Details with Central and State Taxes in Tally
    • Now you can clearly see different options for Central and State Taxes along with Integrated Tax option.
    • Enter the Cess percentage if your goods or services have cess applicable to it.
    • Press Enter.
  • Now you will be out at the Company GST Details screen from where we started.
  • Next option is Enable GST Classifications. Leave it to No for now because it is an advanced topic which will take another post for me to explain. It will not affect your entries with GST in anyway as it is an additional option which I will explain later.
  • Last option is Provide LUT/Bond Details – If you have signed a Bond or a letter of undertaking (LUT) with the GST Department, you can provide the details about it as shown in the picture below.
  • LUT-Bond Details in Tally
  • You will have to enter LUT or Bond number and the Validity i.e. from a date to the date till the LUT or Bond is valid.
• Finally Press Enter and you will come at Company Operations Alteration – right from where we started.
• Now, press CTRL+A to save all the details which we have entered.
• Congratulations! You have successfully set GST details in Tally.