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Relevant Groups and Ledgers in Tally for GST Entries
How to Pass GST Entries in Tally
Last updated at April 16, 2024 by Teachoo
Accounting Entries in GST
GST - Goods and Services Tax, India
GST Computation & Accounting
Transcript
Purchase Local Purchase Local 5% -- Purchase Account Input SGST 2.5% -- Duties & Taxes Input CGST 2.5% -- Duties & Taxes To Party -- Sundry Creditors Purchase Central Purchase Central 5% -- Purchase Account Input IGST 5% -- Duties & Taxes To Party -- Sundry Creditors Sale Local Party -- Sundry Debtors To Sale Local 5% -- Sales Account Output SGST 2.5% -- Duties & Taxes Output CGST 2.5% -- Duties & Taxes Sale Central Party -- Sundry Debtors To Sale Central 5% -- Sales Account To Output IGST 5% -- Duties & Taxes
