GST Tally ledgers required from 1july

GST Tally ledgers required from 1july. New ledgers will be required in Tally from 1st of july 2017.In current system following ledgers shall be there:

Input excise duty

CENVAT credit 

Input Service tax 

Output Service tax

Input VAT

Output VAT

New ledgers in GST:

Input (state) CGST 

Input (state) SGST 

Input (state) IGST

Output(state) CGST

output (state) SGST 

Output(state) IGST

these will be the new ledgers required in GST. Also for the tax payable in reverse charge following ledgers shall be created

CGST payable(RC)

SGST payable(RC)

IGST payable(RC)

Adjustment of tax payable in reverse charge is available only from the cash ledger. Thus it is important to keep it separate from other payable.