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GST ACTIVATION   1. Open the company. 2. Press F11 key. 3. Click on "Statuary and Taxation" 4. Enable Goods and Service Tax (GST) 5. Enable "Set/alter GST details" 6. Fill the following details. 7. Now save the settings. GST LEDGERS CREATION SALES LEDGER FOR GST Ledger name:  Sales @ 18% a/c Under:  Sales Accounts Is GST Applicable:  Applicable Types of Supply:  Goods SGST LEDGER Ledger name:  SGST @18% a/c Under:  Duties & Taxes Type of duty/tax:  GST Tax type:  State Tax Percentage of calculation:  9% CGST LEDGER Ledger name:  CGST @18% a/c Under:  Duties & Taxes Type of duty/tax:  GST Tax type:  Central Tax Percentage of calculation:  9% GST VOUCHER ENTRY 1. Click on "Accounting Voucher" 2. Click on "Sales" or either press "F8" 3. Enter party details. 4. Enter Sales ledger. 5. Enter stock item details...

GSTIN NUMBER FORMAT GSTIN stands "GST Identification Number" and this code consisted with 15 digits number format and it contains the following contents. 1. The first 2 digits in GSTIN number format, represent the state code. 2. The next 10 digits are PAN number of person or firm, that engaged in Business. 3. Last three digits represent the unique company code.  Let's have an example. GST CODE FOR STATE GST CODE STATE LIST 01 Jammu and Kashmir 02 Himachal Pradesh 03 Punjab 04 Chandigarh 05 Uttarakhand 06 Haryana 07 Delhi 08 Rajastan 09 UP 10 Bihar 11 Sikkim 12 Arunachal Pradesh 13 Nagaland 14 Manipur 15 Mizoram 16 Tripura 17 Meghalaya 18 Assam 19 West Bengal 20 Jharkhand 21 Orrissa 22 Chattisgarh 23 MP 24 Gujarat 25 Daman and Diu 26 Dadar and Nagar Haveli 27 Maharashtra 28 Andhra Pradesh 29 Karnat...

GST - INTRODUCTION GST stands for "Goods and Service Tax" its replaced all the indirect taxes and finished the Cascading Tax System. Cascading tax means a tax on tax and it operates by a GSP (GST Service Provider) application like Tally ERP-9 (Version 6.0) GST FEATURES 1. Replace almost all the indirect taxes. 2. Simple and secure. 3. Operated by GSP (GST Suvidha Provider) applications like Tally ERP9. 4. Ended the Cascading Tax System (Tax on tax). GST TAX SUBTYPES CGST (Central GST):  This tax collected by central government and use for "Service Tax"' SGST (State GST):  This tax collected by a state government and use for "VAT" and Entertainment tax. IGST (Integrated GST):  This tax use for "CST" (CST: Central Sales Tax) GST RATE STRUCTURE Tax Rate Name of Items 0 Essential items including foods 5 Commonly used items/products 12 Large amount of goods and services. It includes the fast moving consumer...

INTEREST CALCULATION INTEREST CALCULATION Interest calculation  is the mode of charge interest on whole or outstanding balance. There are two types of interest calculation:-              1)     Simple Interest Calculation              2)     Compound Interest Calculation Simple Interest Calculation : -  Simple Interest Calculation, interest is charged on outstanding balance at the same rate of interest. It is also of two types:-            a)      Simple   Outstanding Interest Calculation            b)      Simple   Invoicing Interest Calculation Compound Interest Calculation : - in Compound Interest Calculation, interest is charged on whole instalment at different rate of interest. It is also of two types:-      ...