SOP 1 : [ COMPURISED ACCOUNTING WITH GST Practical ] Mr.

Ravindrakumar started business by the name M/s Bitwise

Trading Company in the year 2019.
STEP 1: Creation of Company
Company Creation:
 Open Tally ERP9 >> Tap on “W: Work in Educational Mode”
 Company Info>> Click on Create Company
 Create a company in the name of M/s Bitwise Trading Company with the given details.
 Enter the details such as Name, Address, State, Website, Email-Id and Financial year begins on 01/04/2020.
 Click on Enter, it will ask to Accept the details of the Company
 Click on “YES” to Accept and save the details.

Enabling the Features:

 Go to Features or Click F11
 Inside “Company Features”>> Click on “Accounting Features”
 Click on “Accounts with Inventory” >> Type Yes
 Click on Enter, it will ask to Accept the changes
 Click on “YES” to Accept and save the changes.

STEP 2: Creation of Ledger

 Inside Gateway of Tally

 In the Masters>> Click on “Account Info”
 Click on Ledger>>Under “Single Ledger” Category select “Create”
 Create the Ledgers with following List of Groups:
Ledger Under Groups
Capital A/c Capital Account
Purchase A/c Purchase Account
Sharda Steel A/c Sundry Creditors
Salary A/c Indirect Expense
Bank A/c Bank Accounts
Sales A/c Sales Account
Interest A/c Indirect Income

To view the list of ledgers: Account Info>>Ledger>>Single Ledger>>Display

STEP 3: Voucher Entries

 To view the list of vouchers types: Masters >> Account Info>> Voucher Types >> Display
Date Voucher Type Particular Entries Debit Credit
Amount Amount
Dr. Cash 5,00,000
01/04/2019 Receipt Cr. Capital A/c 5,00,000
Dr. Purchase A/c 20,000
01/04/2019 Purchase Cr. Sharda Steel A/c 20,000
Dr. Salary A/c 5,000
02/05/2019 Payment Cr. Cash 5,000
Dr. Bank of India A/c 50,000
01/06/2019 Contra Cr. Cash 50,000
Dr. Cash 25,500
02/06/2019 Sales Cr. Sales A/c 25,500
Dr. Purchase A/c 10,000
02/07/2019 Purchase Cr. Cash 10,000
Dr. Cash 2,000
02/12/2019 Receipt Cr. Interest A/c 2,000
STEP 4: To view various reports
 To view TrialBalance - Display > Trial Balance > Detailed Trial Balance

 To view Profit and Loss A/c – Reports >> Profit & Loss A/c

 To view Balance Sheet - Reports >> Balance Sheet >> Detailed

 To view Day Book - Display > >Day Book > >Detailed (Alt + F1)
 SOP 2: With the help of any open source or free education version accounting
software create a company using following details:
Company Name: M/s Bags and Baggage Traders
Company Address : J. M. Ratna Road, Near Maruti Mandir,
Ratnagiri, Maharashtra Pin Code 415612
Website: www.bagsandbaggagetraders.com
Email id: contact us@@ bagsandbaggagetraders.com
GSTIN: 27STUVW1234C2Z1
Books Beginning: 01/04/2019

Enter the following transactions in appropriate vouchers using by applying GST.

Print GST computation Report and Tax Invoice
1) On 01/08/2019 purchased 150 pieces of Leather Handbags @ Rs.2500 per piece,
with GST 28% from Genuine Leather Bags, Sai Baba Nagar, D.P.Road, Navi
Mumbai, Maharashtra, Pin code 400039 with GSTIN 27LMNOP5678V2Z2
2) On 02/09/2019 Sold 80 pieces of them @Rs.3500 per piece, GST 28%, to M/s
Shoppers Stock Pari Industrial Estate, Chiplun, Maharashtra, Pin code 415605
with GSTIN 27JKLMN4321C1Z2
Print GSTR-2 and Sales Tax Invoice
Solution: The above transactions clearly indicate that the purchase and sale both are within Maharashtra State.

Therefore 28% GST is applicable as 14% SCST and 14% CGST

Step 1: Create new company
Create a new company in the name of M/s Bags and Baggages Traders with the
given address and pin code, financial year begins on 1/04/2019.
(ii) Enable GST features by selecting > Features (F11)→ Statutory and Taxation >>
Enable Goods and Service Tax (GST)-> yes Set/alter GST details > Yes.
Type State-> Maharashtra, GSTIN->27 STUVW1234C2Z1

Step 2: Create the following Ledger Accounts

Accounts Info-> Ledger > Single > Create

Ledger Group Details to be filled

Purchases Purchases Accounts Accounts GST Details - 'Yes', Nature of transaction
Leather - Purchase Taxable', (from configuration make yes to
Handbags Show all GST tax types') type- Integrated tax as "28%
A/c then Central Tax and State Tax will automatically
reflects as '14% and 14% respectively; Type of
supply-'Goods')
After Set/Alter GST Details - Yes', GST Details Screen will appear select Nature
of transaction - Purchase Taxable"
GST Details-> Nature of Transaction->Purchase Taxable Show all GST tax types-> Yes

Tax type-Integrated Tax-28%; then Central Tax and State Tax will automatically
reflect as '14%' and '14% respectively. Cess 0% and then press Enter Key

Ledger Group Details to be filled

Sales Sales Account Is GST Applicable - 'Applicable', Set/ Alter GST
Leather Details
Handbags - 'Yes' Nature of transaction Sales Taxable' (from
A/c configuration make yes to 'Show all GST tax types')
type- Integrated tax as '28%' then Central Tax and
State
Tax will automatically reflects as '14%' and '14%
respectively; Type of supply -'Goods'
Same Steps to be followed for creating Sales CCTV Ledger A/c
SGST A/C Duties and Taxes Type of Duty/Tax- 'GST', Tax Type - State
Tax', Percentage of Calculation -'0%'.
CGST A/C Duties and (Type of Duty/Tax - GST', Tax Type - 'Central
Taxes Tax', Percentage of Calculation -0%'.
M/s Shoppers Sundry Fill the details with PIN code
Stock A/c Debtors
Genuine Sundry Fill the details with PIN code
Leather A/c Debtors

Step 3: Create Inventory details

(a) Create Units of Measure Unit/UT.
(b) Create Stock groups or Category as 'Bags'.
(c) Create Stock Item/Product as 'Leather Handbags' with GST rate 28%.

Note: GST rates applicable for each commodity are given at the time of creation of stock items/products. For the creation
of inventory items/products, following
are the steps:
Step 3.1 Create Unit of Measure: Inventory/Inventory Info > Unit of
Measure/ Measurement -> Give unit name/symbol as PCS > Formal
Name/description as Units ->Select applicable Unit Quantity Code (UQC) from
the pop up list(optional). -> Accept/Save the details.
Step 3.2: Create Stock groups or Category: Inventory/Inventory Info -> Stock
groups or Category as Camera -> Accept/Save the details without changing
any field.
Step 3.3: Create Stock Items/Product: Inventory /Inventory Info>Stock Items/
Product Type the name of the item/product CCTV -> Select the Under
Group/Category as Camera -> Select Unit of Measurement/ Measure as UT ->
Set / Alter GST Details: Yes (then give all the GST details for that Stock Item like
HSN, Taxability, IGST %, CGST%, SGST%, etc.)Type of supply 'Goods'
Accept/Save the details.

Step 4: Create Purchase and Sales Vouchers

1) Purchase Voucher: Accounting Vouchers (Purchase Voucher) Type Voucher
Date as 1/08/2019 > Supplier Invoice No. Party's name field :-> Enter Genuine
Leather Bags > Purchase Ledger field Select Purchase Leather Handbags A/c
Select Name of the item/product as Leather Handbags >Enter Quantity as 150
and Rate Rs.2500 Select 'SGST'>Select 'CGST -> Save/Accept.
2) Sales Voucher: Accounting Vouchers-> Select Sales Voucher >> Enter Voucher
Date> Party's name field: M/s Shoppers Stock Sales Ledger field - Select Sales
Leather Handbags
Select Name of the item/product as Leather Handbags
Enter Quantity 80 pcs and Rate Rs.3500 Select 'SGST > Select 'CGST'>
Save/Accept

Step 5: Display Reports

Tax Invoice i.e. Sales Invoice - Reports->Display ->Day Book ->Sales Voucher
For Purchase Order - Reports >Display->Day Book->Purchase Voucher
2) GST Reports
(i) Display -> Statutory Reports-> GST-> GSTR2
(ii) GST Annual Computation-> in Pdf form(print mode)
SOP 3: With the help of any open source or free education version accounting
software enter the following transactions in appropriate vouchers by creating a
company. Company details are as below.
Company Name: M/s Swastik Garment Suppliers
Company Address: M. G. Road, Industrial Estate, Aurangabad,
Maharashtra Pin Code 431001
Website: www.swastikgarments.com
E mail id: [email protected]
GSTIN: 27KI MNA4321V1Z2
Book Beginning: 01/04/2017

1) On 01/07/2017 Purchased 150 pieces of T-shirts &Rs. 450 per piece with CST
12% from M/s. Jalaram Textiles, 1/05 Sector B. Gandhi Nagar, Ahmadabad,
Gujarat Pin code 382010.
2) On 02/07/2017 Sold 100 T-shirts Rs.600 per piece with GST 12% to M/s Dress
Align Garments, Shirdi. Ahmednagar, Maharashtra - 423107.
Print GST computation Report and Sales Tax Invoice

Solution:
The above transactions clearly indicate that the purchase is out of Maharashtra
State. Therefore only IGST is applicable i.e. Integrated GST.
Sales is within Maharashtra State. Therefore 12% GST is applicable as 06% SGST and
06% CCST.

Step 1:
(1)Create a new company in the name of M/s Swastik Garment Suppliers, College
Road, Nashik, Maharashtra 422005, financial year begins on 1/04/2017.
(ii)Enabling GST: Features-> Statutory & Taxation -> Enable Goods and Services Tax
(GST) - Yes Set/alter GST details Yes
(iii) Fill State and GSTIN details

Step 2: Create following Ledger accounts

Account Info-> Ledgers-> Single-> Create
Ledger Under Group
Inter-State Purchase Purchase Accounts
Is GST Applicable - Applicable Set/Alter GST Details
Yes' Nature of transaction – Inter-State Purchase Taxable
Type of supply-Goods

M/s. Jalaram Textiles Sundry Creditor

Sales T-Shirts Is GST Applicable - 'Applicable', Set/Alter GST Details.

'Sales Taxable
(from configuration make yes to 'Show all GST tax types')
type- Integrated tax as '28%' then Central Tax and State
Tax will automatically reflects as '14%' and '14%
respectively; Type of supply - "Goods'

M/s Dress Align Garments Sundry Debtor

SGST Duties and Taxes

Type of Duty/Tax-"GST', Tax Type - State
Tax', Percentage of Calculation - 0%'.

CGST Duties and Taxes

(Type of Duty/Tax- 'GST', Tax Type - "Central
Tax', Percentage of Calculation - 0%'.

IGST Duties and Taxes

Type of Duty/Tax-GST Tax Type - Integrated Tax
Percentage of Calculation - 0%'

Step 3: Create Inventory details

(a) Create Units of Measure- PCS- Pieces.
(b) Create Stock group/category-T-Shirt
(c) Create Stock Items/products:
(i) T-Shirts - Type GST Rate 12% in the field 'Integrated Tax'...
(ii) T-Shirts - Type GST Rate 12%.
Note: GST rates applicable for each commodity are given at the time of creation of
stock items/products. For the creation of inventory items/products, steps to be
followed are:
Step 3.1: Create Units of Measure: Inventory/Inventory Info -> Units of
Measure/ Measurement > Give unit name/symbol as Pcs Formal
Name/description as Number Select applicable Unit Quantity Code (UQC)
from the pop up list PCS- Pieces-> Accept/Save the details.
Step 3.2: Create Stock groups or Category: Inventory/Inventory Info>Stock
groups or Category as T-shirt > Accept/Save the details without changing
any field.
Step 3.3: Create Stock Items/Product: Inventory /Inventory Info>Stock
Items/Product Type the Item/Product name T-Shirts > Select the Under
Select Unit of Measurement/ Measure as
Nos -> Set/Alter details: Yes ->type of supply - Goods > Accept/Save the
Group/Category as Garments
details.

Step 4: Create Purchase and Sales Vouchers

1) Purchase Voucher: Accounting Vouchers > Select Purchase Voucher -> Type
Voucher Date ->
Supplier Invoice No. >Party's name field : M/s Jalaram Textiles >
Purchase Ledger field - Select Inter-state Purchase → Select Stock Item/ Product T-
Shirts →>> Enter Quantity as 150 Pcs and Rate Rs.450 -> Select IGST' -> Save/Accept.
2) Sales Voucher: Accounting Vouchers -> Select Sales Voucher -> Enter Voucher
Date> Party's name field: M/s Dress align Garments-> Sales Ledger field ->
Select Name of the item/product T-Shirts > Enter Quantity 100 Pcs and Rate
Rs.600 > Select 'SGST'> Select
>> Save/Accept.
Step 5: Display GST Reports
(i) Display -> Statutory Reports -> GST-> GSTR-2
(ii) Display -> Statutory Reports > GST-> GST Annual Computation.