GST Project
GST Project
GST Project
Projects on GST
GST Project
Project Objective
After completion of this project, you will be able to:
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GST Project
Project Guidelines
Special Notes:
These projects are an extended part of Tally.ERP 9 & GST;
Need to prepare these projects in Tally.ERP9;
Be careful regarding payment of GST;
If you have any query regarding this project, kindly give your valuable feedback / suggestion to your
concerned Faculty.
For any clarification or any suggestion, feel free to contact the undersigned.
Regards,
Research & Development Team (R&D)
ICA – H.O. (Kolkata)
Email: - rnd@icagroup.in
Phone: - 033-40006000
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GST Project
Project 1
Digi World
You are running a business of purchasing and selling computers & computer parts. Create a company in Tally
with the below mentioned details and pass necessary entries of the following transactions (Keep in mind the
provisions of GST, wherever applicable):
Address : Your home address
PAN : Your PAN [If you do not have any PAN, take any PAN of your choice]
GSTIN : XXPPPPP0000P1Z5 [First two digits - your state code, next ten digits - PAN]
Financial Year : 2017-18
Following is the Balance Sheet of the business:
Balance Sheet as on 30th June, 2017
55,18,300 55,18,300
Note: Please search HSN Code of the goods and put the same while creating items.
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1. Following goods were purchased in the month of July 2017.
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GST Project
02/07/2017 Priya Dey Your state Your state Apple MacBook Air Cheque 1 58,200
02/07/2017 Sweta Paul Your state Your state Apple MacBook Air Cheque 1 58,200
AGS Infotech Dell Inspiron 5548
02/07/2017 J&K Jammu Cheque 10 57,600
Ltd. Laptop
02/07/2017 Do J&K Srinagar HP 15-r243TX Laptop Cheque 6 31,700
Lenovo G50-80 Cheque
02/07/2017 Do J&K Pahalgam 1 24,300
Laptop
Note:
a. In case of cheque payment, amounts were realized on the 1st day of next month;
b. On 02.08.2017, Company paid GST liability to the Government after adjusting Input Tax Credit with
Output Tax.
31/08/2017 Dell India Ltd Your state Your state Dell 3000 Laptop 8 19,200
Dell Inspiron 5558
12 27,000
Laptop
Dell Inspiron 15
10 16,200
Notebook
Comp Your state Your state
31/08/2017 Acer S1001 Laptop 7 26,300
Solutions
Note:
a) All goods are subject to GST @ 18%;
b) Company paid all the dues on the 1st day of next month through Account Payee Cheque.
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4. Following goods were sold in the month of August’ 2017.
HP 15-AC125TU
01/08/2017 Priya Dey Your state Your state Cheque 1 29,300
Laptop
Ramesh Lenovo G50-80
01/08/2017 Your state Your state Cheque 1 27,500
Chandra Laptop
Lenovo Ideapad
01/08/2017 Vodafone Your state Your state Cheque 10 21,400
Laptop
Arunachal
01/08/2017 Takam Tuki Tawang Asus Laptop Cash 1 21,500
Pradesh
Ruchi
02/08/2017 Your state Your state Acer S1001 Laptop Cheque 1 32,100
Sharma
Lenovo G50-80
02/08/2017 Ankit Mishra J&K Pahelgaon Cheque 1 27,500
Laptop
02/08/2017 Peea Abung Nagaland Naga Bazar Acer S1001 Laptop Cheque 1 32,100
02/08/2017 Ravi Kumar Your state Your state Asus Laptop Cash 1 21,500
Pinkey Lenovo G50-80
31/08/2017 Your state Your state Cheque 1 27,500
Goswami Laptop
DTDC HP 15-ab029TX
31/08/2017 Your state Your state Cheque 8 45,200
Courier Laptop
Dell Inspiron 15
Cheque 10 22,400
Notebook
ICA Edu Lenovo G50-70
31/08/2017 Your state Your state Cheque 12 40,300
Skills Pvt Ltd Laptop
Rajani Arunachal Lenovo G50-80
31/08/2017 Bomdila Cheque 1 27,500
Tayeng Pradesh Laptop
31/08/2017 Kuldip Singh Your state Your state Asus Laptop Cash 1 21,500
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GST Project
Rajnath HP 15-AC125TU
31/08/2017 Your state Your state Cheque 5 29,300
Singh Laptop
Chandra Lenovo G50-80
31/08/2017 Your state Your state Cheque 14 27,200
Traders Laptop
31/08/2017 Riya Kumar Your state Your state Acer S1001 Laptop Cheque 1 32,100
Samsung Galaxy S5
Cash 2 28,699
LTE Mobile
Note:
a) In case of Cheque payment, amounts were realized on the 1st day of next month.
b) On 01.09.2017, Company paid GST to the Government after adjusting Input Tax Credit with Output
Tax.
5. Generate GST return for the relevant periods.
6. Go to the website student.icajobguarantee.com and file GST Return for the relevant period.
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GST Project
Project 2
Computer World Pvt. Ltd.
Your company is running a business of providing maintenance services of computers. Create a company
in Tally with the below mentioned details and pass necessary entries of the following transactions (Make
necessary assumptions wherever required):
Address : Your home address
PAN : Your PAN [If you do not have any PAN, take any PAN of your choice]
GSTIN : XXPPPPP0000P1Z5 [First two digits - your state code, next ten digits - PAN]
Financial Year : 2017-18
Following is the Balance Sheet of the business:
BALANCE SHEET AS AT JUNE 30, 2017
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Pass the following transactions and generate & export Form GSTR 1, GSTR 2 and GSTR 3:
1. Provided AMC Services to the following clients and received through Axis Bank cheque:
Sl. Date of Name of the Location of Place of supply Amount (Rs.) Amount
No. Invoice Client recipient received on
I. 01.07.2017 Raj Computers Your state Your state 1,72,000.00 02.07.2017
II. 01.07.2017 Wipro Ltd. Your state Your state 1,20,200.00 02.07.2017
III. 01.07.2017 Network Neighbouring Capital of 1,45,000.00 02.07.2017
Solution Ltd. state neighbouring state
IV. 02.07.2017 Galaxy Pvt. Ltd Your state Your state 92,000.00 02.07.2017
Note: Amount exclusive of GST @ 18%. Please search SAC Code of the services and put the same while
creating services.
2. On 01.07.2017, Company received telephone bill amounting ` 14,756 + GST from TATA DoCoMo (Billing
state – Karnataka) and paid the bill on the next day by cheque of Axis Bank.
3. On 01.07.2017, Company availed advertisement service from Third Eye Pvt. Ltd. (Billing state – Your state)
of ` 75,600 plus GST and paid the entire due on 02.07.2017 by cheque of Axis Bank.
4. The office is taken at a monthly rent of ` 12,000 plus Service Tax. It pays rent on the 2nd day of every month
to the landlord, Mr. B.B. Banerjee (unregistered person).
5. On 02.07.2017, Company availed courier services from DTDC Courier Agency [Your state] amounting `
1,020 inclusive of GST and paid the entire amount on the same day.
6. Company paid GST liability to the Government after adjusting input tax credit with output tax liability via
Axis Bank NEFT on 01.08.2017.
7. On 01.08.2017, Company availed Interior Decoration service from Angel Decoration Ltd. [Billing state –
Goa] of ` 62,000 plus GST and paid the entire dues on 31.08.2017 by cheque of Axis Bank.
8. On 01.08.2017, Company received telephone bill amounting ` 16,182 + GST from TATA DoCoMo and paid
the entire bill on the next day by cheque of Axis Bank.
9. On 02.08.2017, Company availed Corporate Training from ICA Edu Skills Pvt. Ltd. [19AABCI2340L1Z5] of
` 35,000 + GST and paid the entire amount by cheque of Axis Bank.
10. During the month of Aug 2017, Company provided the following services:
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GST Project
11. On 31.08.2017, Company availed Audit Services from D B Desai and Associates, Kolkata and got a bill of `
58,000 + GST and paid the entire dues on the same day.
12. On 1.9.2017, Company paid the net GST liability through Axis Bank NEFT.
13. During the month of Sept 2017, Company has provided the following services:
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GST Project
Project 3
Arihant Compu Solutions Pvt. Ltd.
Your company is running a business of selling and providing maintenance services of computers. Create a
company in Tally with the below mentioned details and pass necessary entries of the following transactions
(Make necessary assumptions wherever required):
Address : Your home address
PAN : Your PAN [If you do not have any PAN, take any PAN of your choice]
GSTIN : XXPPPPP0000P1Z5 [First two digits - your state code, next ten digits - PAN]
Financial Year : 2017-18
Following is the Balance Sheet of the business:
BALANCE SHEET AS AT JUNE 30, 2017
Particulars As at June 30, 2017 As at June 30, 2017
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds
a) Share Capital 5,00,000.00
b) General Reserve 3,00,000.00
c) Profit & Loss Account 1,34,780.00 9,34,780.00
2. Non-Current Liabilities
a) Loan From Bandhan Bank 2,00,000.00 2,00,000.00
3. Current Liabilities
a) Provisions for Depreciation 89,312.00
b) Trade Payables 3,16,798.00 4,06,110.00
TOTAL 16,40,890.00
II. ASSETS
1. Non-Current Assets
a) Fixed Assets
(i) Tangible Assets
Air Conditioner 1,00,000.00
Computer 50,000.00
Electrical Fittings & Appliances 55,000.00
Machinery 6,00,000.00
Furniture & Fixture 2,00,000.00 10,05,000.00
b) Non-current Investments
Fixed Deposit with Bandhan Bank 1,50,000.00 1,50,000.00
2. Current Assets
Cash in hand 1,17,890.00
Bandhan Bank 3,68,000.00 4,85,890.00
TOTAL 16,40,890.00
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Pass the following transactions and generate & export the Return Forms. Also fill up the relevant GST
Forms manually:
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GST Project
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NOTES
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