Ledger Creation for GST 💼 | Input + Output GST Ledgers 📘
Ledger Creation for GST 💼 | Input + Output GST Ledgers 📘
Under the GST system, businesses must maintain ledgers to record all tax-related transactions. These include Input Tax (paid on purchases) and Output Tax (collected on sales). Separate ledgers help in proper tax tracking, return filing, and avoiding errors.
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📘 List of Essential GST Ledgers (Manual or Tally):
Ledger Name Under Group Type Usage
Input CGST Duties & Taxes GST (Input) GST paid on intra-state purchases
Input SGST Duties & Taxes GST (Input) GST paid on intra-state purchases
Input IGST Duties & Taxes GST (Input) GST paid on inter-state purchases
Output CGST Duties & Taxes GST (Output) GST collected on intra-state sales
Output SGST Duties & Taxes GST (Output) GST collected on intra-state sales
Output IGST Duties & Taxes GST (Output) GST collected on inter-state sales
GST Payable Current Liabilities - To track net GST payable after ITC
GST Receivable/Input ITC Current Assets - ITC (Input Tax Credit) Balance
GST RCM Payable Duties & Taxes GST (Output) GST liability under Reverse Charge
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🔧 Ledger Creation in Tally Prime (Steps):
1. Gateway of Tally → Accounts Info → Ledgers → Create
2. Name: Input CGST
3. Under: Duties & Taxes
4. Type of Duty/Tax: GST
5. GST Type: Central Tax
6. Applicable Rate: 9% (adjust as per tax slab)
Repeat this for:
• Input SGST (State Tax)
• Input IGST (Integrated Tax)
• Output CGST, SGST, IGST
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📌 GST Ledger Creation | Full Setup for Input & Output GST in Tally Prime & Manual Books
Learn how to create all necessary GST ledgers (Input/Output CGST, SGST, IGST, GST Payable, and more) in Tally Prime and manual accounting systems. This video is ideal for accounting students, business owners, and GST practitioners who want clear steps on GST ledger creation and setup.
🎯 Topics Covered:
• What is a GST Ledger?
• Input vs Output GST Ledgers
• How to create GST Ledgers in Tally Prime
• Manual Ledger format for GST
• GST Ledger under Duties & Taxes
• CGST, SGST, IGST setup
• GST Payable and Receivable Ledgers
📘 Bonus: Get a downloadable Excel format of GST ledgers for offline accounting!
💡 Best for:
✅ CA/Commerce Students
✅ Small Business Owners
✅ Accountants & Tally Users
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Tags:
GST ledger creation, CGST SGST IGST ledger, Tally Prime GST setup, GST payable ledger, GST ledger Tally, Input output GST, GST in Tally Prime, GST ledgers in Excel, GST accounting entries, GST setup India
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#GSTLedgerCreation #TallyGST #CGST #SGST #IGST #GST2025 #AccountingBasics #GSTBooks #TallyPrime #GSTTutorial