Tally Solutions

In this episode we will understand, creating and managing of GST ledgers in Tally. You only need 4 types of ledgers for GST in Tally, Viz., IGST, CGST, SGST & Cess. Tally will take care of all percent

Accounting principles and concepts are the foundational guidelines for recording and preparing financial statements. Learn more about types & how Accounting Principle Works?

In this episode we will be discussion on the important aspect of configuring Party Masters in Tally and key fields to be filled properly to ensure the reports are automatically auto populated in the r

Managing sales portfolio is the process of developing a sales force, coordinating sales operations, and implementing sales techniques that allows a business to consistently hit.

Managing purchases in an organisation is concerned with the procurement of proper equipment, materials and supplies of the right quantities, at the right prices at the right time.

Point of sale or POS is the time & place where a retail transaction is completed. It is also the place where a customer makes a payment to the merchant in exchange for goods or service.

If we make an entry to a ledger that needs bill wise details, we have to give the details of the bill at the voucher entry itself.

Supplies of Goods and Services are clearly defined under GST, similarly the rates and place of Supply rules for each and every goods/services is finalised.

GST is a destination-based consumption tax, and the taxable event is supply as against the existing taxable events of sale, manufacture or provision of service.

CGST rate & SGST rate will be applicable on intra-state transactions. The proceeds of which will be attributable to the Centre and state. IGST rate will be applicable on inter-state transactions

All goods and services transacted in India under GST are classified under the HSN code system or SAC Code system.

FAQs on GST registration & other details are here. Broaden your horizon about GST & get one step closer to becoming GST compliant.