Create GST Masters
Create or Update Masters for GST – TallyPrime
Purchase All GST Types/ Slabs
| Purchase Ledger | Under Group | CGST (Input) | SGST (Input) | GST Group |
| Purchase 5% | Purchase Account | 2.5% | 2.5% | Duties & Taxes |
| Purchase 12% | Purchase Account | 6% | 6% | Duties & Taxes |
| Purchase 18% | Purchase Account | 9% | 9% | Duties & Taxes |
| Purchase 28% | Purchase Account | 14% | 14% | Duties & Taxes |
👉 Purchase = We Pay GST → Input Tax Credit
👉 Within State = CGST + SGST
👉 Out of State = IGST
👉 Within State = CGST + SGST
👉 Out of State = IGST
Sales All GST Types/ Slabs
| Sales Ledger | Under Group | CGST (Output) | SGST (Output) | GST Group |
| Sales 5% | Sales Account | 2.5% | 2.5% | Duties & Taxes |
| Sales 12% | Sales Account | 6% | 6% | Duties & Taxes |
| Sales 18% | Sales Account | 9% | 9% | Duties & Taxes |
| Sales 28% | Sales Account | 14% | 14% | Duties & Taxes |
👉 Sales = We Collect GST → Output Tax
👉 Total GST = CGST + SGST
👉 Net GST Payable = Output – Input
👉 Total GST = CGST + SGST
👉 Net GST Payable = Output – Input
🟢 How to Create Purchase GST Ledger
🎯 Example:
Create Purchase GST Ledgers (5%, 12%, 18%, 28% & Nil)
🔹 Step 1: Open Ledger Creation Screen
Method 1:
Gateway of Tally → Create → Ledger
OR
Method 2:
Press Alt + G → Select Create Master → Choose Ledger → Press Enter
🔹 Step 2: Basic Details
- Name: Purchase 18%
- Under: Purchase Account
- Inventory Values are Affected? → Yes
🔹 Step 3: GST Details
- Is GST Applicable? → Applicable
- Set/Alter GST Details? → Yes
- GST Classification: Undefined
- Nature of Transaction: Purchase Taxable
- Type of Supply: Goods
🔹 Step 4: Tax Rate Setting
- Integrated Tax (IGST): 18%
- ❗ Do NOT change other valuation rates
🔹 Step 5: Save
- Press Ctrl + A to Accept & Save
Important:
Create separate ledgers for 5%, 12%, 18%, 28% and Nil Rated purchases.
Follow same process for Sales Ledger (change Nature of Transaction to Sales Taxable).
Create separate ledgers for 5%, 12%, 18%, 28% and Nil Rated purchases.
Follow same process for Sales Ledger (change Nature of Transaction to Sales Taxable).
How to Create Sales GST Ledger in TallyPrime
To record GST sales transactions correctly, you must create separate Sales Ledgers
for different GST slabs like 5%, 12%, 18%, 28% and Nil Rated.
Create Sales GST Ledgers (5%, 12%, 18%, 28% & Nil)
Follow the same process for each GST rate. Only the tax percentage will change.
🎯 Example: Creating Sales 18% Ledger
🔹 Step 1: Open Ledger Creation
- Method 1: Gateway of Tally → Create → Ledger
- OR
- Method 2: Alt + G → Create Master → Ledger
🔹 Step 2: Basic Details
- Name: Sales 18%
- Under: Sales Account
- Inventory Values are Affected? → Yes
🔹 Step 3: GST Details
- Is GST Applicable? → Applicable
- Set/Alter GST Details? → Yes
- GST Classification: Undefined
- Nature of Transaction: Sales Taxable
- Type of Supply: Goods
🔹 Step 4: Tax Rate Setting
- Integrated Tax (IGST): 18%
- ❗ Do NOT change other valuation rates
🔹 Step 5: Save
- Press Ctrl + A to Accept & Save
🟢 IN = Input Tax
• Used in Purchase
• Tax Paid to Supplier
• Considered as Asset for Business
• Available as Input Tax Credit (ITC)
• Tax Paid to Supplier
• Considered as Asset for Business
• Available as Input Tax Credit (ITC)
🔵 OUT = Output Tax
• Used in Sales
• Tax Collected from Customer
• Considered as Liability for Business
• Payable to Government
• Tax Collected from Customer
• Considered as Liability for Business
• Payable to Government
Important:
Within State → CGST + SGST
Out of State → IGST
Net GST Payable = Output GST – Input GST
Within State → CGST + SGST
Out of State → IGST
Net GST Payable = Output GST – Input GST
Remember:
Sales Ledger → Generates Output GST
Purchase Ledger → Generates Input GST
Net GST Payable = Output GST – Input GST
Sales Ledger → Generates Output GST
Purchase Ledger → Generates Input GST
Net GST Payable = Output GST – Input GST
