This topic lists the important FAQ on GST.
In the GSTR-1 report, the first 4 boxes are pre-filled with information related to the company and the return period. Return details begin from box 5.
Since information related to boxes 1-4 are already available on the GSTN Portal, they are not required to be uploaded again. The GSTR-1 excel file does not have fields to capture information from box 1 to box 4. Therefore, Tally.ERP 9 does not provide this information on the GSTR-1 report.
If you proceed with the transaction after this warning appears, then the transaction will appear in the Summary of Exceptions in GSTR-1 (for sales transaction) or GSTR-2 (for purchase transactions), where you can correct the exceptions in the vouchers before exporting GST returns.
In case of supply to a godown outside the state, it is recorded as a taxable outward supply, since the same GSTIN cannot be used for business operations in two different states.
The tax paid on procuring certain services and goods is not eligible for input credit. Services such as renting of motorcab, supply of tour operator services and items that are used in manufacturing of exempt goods fall under this ineligible for input credit category. You can not claim credit for tax paid for these items.
In Tally.ERP 9 you can set goods or services as ineligible for input credit by enabling the option Is ineligible for input credit? to Yes in the GST Details screen of the item master or purchase ledger. This option can be activated by enabling Set ineligible input credit? to Yes under F12: Configure.
You can manage your job work entries using the existing features of job work in Tally.ERP 9. When the GST rules related to job work are finalised, necessary changes will be incorporated, and made available in Tally.ERP 9.
Open your company in Release 6.0.1 and follow the on-screen instructions. For more information, refer to Upgrading to Tally.ERP 9 Release 6.
After installing Tally.ERP 9 Release 6.0.1, select Configure your existing license in the Startup screen and enter your existing license details. For more information, refer to Configuring Tally.ERP 9 License.
Refer to Renewing TSS for Tally.ERP 9 and Upgrading to Tally.ERP 9 Release 6 for detailed information.
Data migrated to a later version of Tally.ERP 9 is not reverse compatible. This means, if you have migrated your data to the latest release, you cannot open the same data using an earlier release of Tally.ERP 9. Therefore, it is recommended that before migrating your data, take a backup or copy of your data and open the backed up data in the earlier release, if needed.
In Tally.ERP 9, enable the option Use separate actual and billed quantity columns under F11 > Inventory Features. Now, enter separate billed quantity and actual quantity including the quantity of free supplies/samples while recording the transactions. The value of invoice will be based on billed quantity and quantity of free supplies/samples will be added at zero value.
In case a separate invoice is created for free supplies/samples, record the invoice with zero value.
The actual tax liability and input credit for your business will be available in GSTR-3 on the GSTN portal.
In Tally.ERP 9, the tax liability based on the transactions recorded can be ascertained from GSTR-1. In the default view, the Total Tax Amount in the Total Outward Supplies section is the tax liability of your business for the period.
Similarly, the Total Tax Amount in the Total Inward Supplies section of GSTR-2 is the input credit available to your business for the period.
In Tally.ERP 9 Release 5.0 and later versions, recording inclusive-of-tax transaction is simplified. Earlier you had to create a voucher class with inclusive-of-tax percentages to record inclusive-of-tax transactions.
Now, this can be done by enabling the option Allow entry of rate inclusive of tax for stock item? under F12: Configure in sales or purchase invoice.
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Click F12: Configure and enable the option Allow entry of rate inclusive of tax for stock item?
The column Rate (Incl. of Tax) appears in the invoice.
Rate (incl. of Tax): Enter the rate of the item including tax in this column. The actual rate will appear in the Rate column. The tax amount will appear automatically on selecting the tax ledgers.
It is required to show GST calculation in the delivery challan. A delivery challan can only be used for the transfer of stock between branches operating with the same GSTIN number within a state.
The GST details recorded in the delivery challan will not have an impact on GSTR-1.
You can generate your returns for the transactions recorded till 30th June 2017, in Release 6.x.
Upgraded from Release 5.x - Generate returns in 6.x, following the procedure used in Release 5.x.
From Release 4.x and below, to Release 6.0.2 with installation in a new folder
From Release 4.x and below, to Release 6.x with installation in the same folder
Note: If you had been sharing the backup of your data or MS Excel files of purchase and sales registers with your chartered accountant earlier, you can continue to do the same in Release 6.x.
If you have transactions of TDS and TCS in the data maintained in Release 4.x, after upgrading to Release 6.x, you need to: