Introduction to GST Taxation Ledgers in Tally ERP 9
Posted by Superadmin on April 09 2019 14:58:18
Introduction to GST Taxation Ledgers in Tally ERP 9
There are total 5 types of GST Taxation Ledgers in tally. They are:
- CGST – Central Goods & Services Tax – Applicable in intra-state transactions.
- SGST – State Goods & Services Tax – Applicable in intra-state transactions.
- IGST – Integrated Goods & Services Tax – Applicable in inter-state transactions and import transactions.
- UTGST – Union Territory Goods & Services Tax – Applicable if you are in union territory in replacement with SGST.
- Cess – Applicable on certain items in addition to the above GST.
In this post, we will see how you can create these GST taxation ledgers in a way that whenever you use them, GST is calculated automatically in tally.