How to file GST through Tally?

Goods and Services Tax (GST) is a value-added tax that was introduced in India to replace several indirect taxes. It is mandatory for businesses that have an annual turnover of more than Rs. 40 lakhs to register for GST. Tally is one of the most popular accounting software in India and can be used to file GST returns easily. In this blog, we will guide you through the steps to file GST through Tally.

1. Step 1: Create a Company in Tally To file GST through Tally, you must first create a company in Tally. Go to the Gateway of Tally, click on ‘Create Company’, and enter the relevant details.
2. Step 2: Enable GST in Tally Once the company is created, you must enable GST in Tally. Go to the F11: Features option, select F3: Statutory & Taxation, and then select GST.
3. Step 3: Enter GST Details Enter your GSTIN and other details under the GST section in the company creation screen.
4. Step 4: Create Ledger Accounts for all your transactions. You can do this by going to the ‘Accounting Info’ section under the ledger account and selecting the GST details.
5. Step 5: Record Transactions Record all your transactions in Tally with the relevant GST details.
6. Step 6: Generate GST Returns After recording your transactions, generate your GST returns in Tally. Go to the Gateway of Tally, select ‘Display’, and then select ‘Statutory Reports’. Click on ‘GST Returns’ to generate your returns.
7. Step 7: Verify and File GST Returns Verify your GST returns and file them online through the GST portal. You can do this by logging in to the GST portal, selecting the relevant return, and clicking on ‘File Return’.

In conclusion, Tally makes it easy for businesses to file their GST returns. By following the above steps, you can easily file your GST returns through Tally.> It is important to keep in mind that GST returns must be filed on time to avoid penalties. So, make sure you file your returns before the due date.