Page 3 - Practice Assessment_GST

3. Verify GST Input:

o Go to Display → Statutory Reports → GST → GSTR-2.
o Ensure the GST Input Credit of ₹9,000 is shown under Integrated
Tax.

Practice Assignment 2: Input Credit for a Local Purchase

Learning Outcome:

By completing this assignment, the learner will understand how to:

• Record GST input for local purchases involving CGST and SGST.

• Use multiple GST ledgers (CGST and SGST) in Tally Prime.
• Verify GST Input Credit in statutory reports.

Scenario:

You purchased stationery worth ₹10,000 (plus 12% GST) from a registered
supplier in your state (Local Purchase).

Details:

• Invoice Date: 10th July 2024

• Supplier Name: XYZ Stationery Suppliers
• GSTIN of Supplier: 27XYZ5678H1Z2
• Purchase Ledger: Office Stationery
• GST Ledgers: CGST @ 6% and SGST @ 6%
• Payment Mode: Cash

Instructions to Complete This Assignment:

1. Create Ledgers (if not already created):
o Supplier Ledger: Name → XYZ Stationery Suppliers, Type → Sundry
Creditors, GSTIN → 27XYZ5678H1Z2.
o Purchase Ledger: Name → Office Stationery, Type → Purchase
Account, GST Applicable.
o CGST Ledger: Name → CGST @ 6%, Type → Duties & Taxes → GST

→ Central Tax → 6%.
o SGST Ledger: Name → SGST @ 6%, Type → Duties & Taxes → GST
→ State Tax → 6%.