In this video, we shall learn the tricks to handle multiple GST rates for a single ledger. The use case is, let’s say a company wants to maintain a single ledger for their expenses, where they are eligible to claim input tax credit.
Example, expense ledger like stationery items, where on certain input, the items they procure will have multiple GST rates such as GST @ 12%, GST @ 18% and GST @ 28%. Instead of creating separate ledgers for each of the GST rates, in TallyPrime the user can create a single ledger and in single voucher can handle multiple GST rate.
This is possible through specifying the GST rate of each item during the voucher entry. This technique will allow to account for their inward supply with multiple GST rates in the single voucher.
Previous Videos
Highlights of TallyPrime Rel3.0 and How to Migrate to Rel 3.0 – 27th June 2023 - https://youtu.be/GJ__Ciljv3E
How to Setup Multi GST Registration in TallyPrime Rel 3.0 - https://youtu.be/GIDZCo2fT6E
How to Setup GST Rates in TallyPrime Rel 3.0 - https://youtu.be/DcKBvQv8xXY
How to Handle RCM (Reverse Charge) on Outward Supply in TallyPrime Rel 3.0 - https://youtu.be/Bb69qyJos6w
How to Handle RCM (Reverse Charge) under GST as Recipient TallyPrime Rel 3.0 - https://youtu.be/0mTEK_taZOQ
How to Set Ineligible ITC at Company Level for Restaurants in TallyPrime Rel 3.0 – https://youtu.be/6XEYvq6bAL8
How to Handle Ineligible ITC for Regular Dealer in TallyPrime Rel 3.0 – https://youtu.be/sGibGxxDKRY
