Managing GST Profile in TallyPrime: 6 Steps + 2 Easy Examples

Managing your GST profile in TallyPrime ensures that all GST-related transactions comply with tax regulations.

It involves configuring GST details for your business, updating GST rates, and maintaining tax-related records systematically.

Table of Contents

Step 1: Enable GST in TallyPrime

1. Open TallyPrime

Go to Gateway of Tally.
Press F11 (Features) → Select Statutory & Taxation.

2. Enable GST

Set Enable Goods and Services Tax (GST): Yes.
Enter the GST Registration Type (e.g., Regular, Composition, SEZ, Exempt).
Enter the GSTIN/UIN (15-digit GST Identification Number).
Set Applicable from (Start date of GST implementation for your business).
Configure other GST settings as required.

Press Ctrl + A to Save the settings.

Step 2: Configure GST Details for Your Company in TallyPrime

Once GST is enabled, set up tax details applicable to your business.

1. Company GST Details

Navigate to Gateway of Tally → Alter → Company.
Enter the correct State, GSTIN, and Registration Type.
Enable e-Invoicing, if applicable.
Set up Connected GST API access if you want to file GST returns directly from TallyPrime.

2. Press Ctrl + A to Save.

Step 3: Configure GST for Ledgers in TallyPrime

A. GST in Sales and Purchase Ledgers

1. Create or Alter Sales Ledger

Go to Gateway of Tally → Accounts Info → Ledger → Create/Alter.
Set Type of Ledger: Sales.
Enable GST Applicable: Yes.
Select the Nature of Transaction (Interstate, Intrastate, SEZ Sales, etc.).
Enter GST Rate applicable for the sales items.
Press Ctrl + A to Save.

2. Create or Alter Purchase Ledger

Follow the same steps as the sales ledger but set the type as Purchase.
Enable GST Applicable: Yes and enter the tax rate.
Press Ctrl + A to Save.

B. GST in Stock Items

For inventory-based businesses, you need to define GST for stock items.

Go to Gateway of Tally → Inventory Info → Stock Item → Create/Alter.
Set GST Details
- Enable GST Applicable: Yes.
- Enter HSN Code and applicable GST rate.
- Press Ctrl + A to Save.

Step 4: Manage GST Tax Ledgers in TallyPrime

To record GST transactions accurately, create separate ledgers for CGST, SGST, IGST.

Go to Gateway of Tally → Accounts Info → Ledgers → Create.
Enter the Ledger Name (e.g., CGST Payable, SGST Payable).
Under Group, select ‘Duties & Taxes’.
Set Type of Duty/Tax: GST.
Select the GST Tax Type (CGST, SGST, IGST, or Cess).
Press Ctrl + A to Save.

Step 5: Record GST Transactions in TallyPrime

Once GST is configured, you can record sales, purchases, and tax payments.

Example 1: Recording a GST Sales Invoice

ABC Traders sells goods worth ₹10,000 at 18% GST to a customer in Maharashtra.

Go to Gateway of Tally → Accounting Vouchers → F8 (Sales).
Select Customer Ledger.
Choose the Sales Ledger (e.g., ‘Sales 18% GST’).
Select the Stock Item (GST rate auto-applies).
Tally calculates GST automatically (CGST @9% = ₹900, SGST @9% = ₹900).
Press Ctrl + A to Save the invoice.

Example 2: GST Tax Payment

You need to pay ₹5,000 in GST liability.

Go to Gateway of Tally → Accounting Vouchers → F5 (Payment).
Select the Bank Account for payment.
Choose the GST Ledger (CGST, SGST, IGST).
Enter the Amount and transaction details.
Press Ctrl + A to Save.

Step 6: View and File GST Returns in TallyPrime

TallyPrime allows easy GST return filing and reconciliation.

Go to Gateway of Tally → Display More Reports → GST Reports.
Select GSTR-1 or GSTR-3B based on your filing requirement.
Review the tax summary and transactions.
Use ‘Export’ or ‘Connected GST’ to file returns.

7. Conclusion

Managing a GST profile in TallyPrime involves:
✔ Enabling GST in company settings
✔ Configuring tax details for ledgers and stock items
✔ Recording GST-compliant sales, purchases, and tax payments
✔ Filing GST returns efficiently

By following these steps, you ensure seamless GST compliance and accurate tax reporting in TallyPrime.