How to Handle Multiple GST Rates with Single Ledger in TallyPrime Rel 3.0
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.
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