changing hsn code in tally prime

How to Change HSN Code in Tally Prime?

In the dynamic world of accounting software, Tally Prime has emerged as a reliable companion for businesses.

With its ability to change the HSN code, crucial for GST compliance, Tally Prime provides a seamless solution for accurate tax reporting.

This article serves as a step-by-step guide on how to navigate Tally Prime and modify HSN codes, empowering businesses to stay up-to-date with ever-evolving regulations.

By following these instructions, readers will gain the knowledge needed to effectively manage their HSN codes and ensure compliance in their operations.

Key Takeaways

  • Press Alt+G and select GST Rate Setup
  • Press Alt+G and select Create/Alter GST Classification
  • Specify relevant details under HSN/SAC & Related Details and GST Rate & Related Details sections
  • Select Specify Details Here option in the fields

Press Alt+G and Select GST Rate Setup

To access the GST Rate Setup in Tally Prime, press Alt+G and select the option 'Select GST Rate Setup'.

This feature allows you to change the HSN code in Tally Prime, which is essential for understanding the HSN code in GST. The HSN code, or Harmonized System of Nomenclature, is a globally recognized code for classifying goods and services. It plays a crucial role in the GST system as it determines the tax rate applicable to a particular product or service.

By navigating to the GST Rate Setup, you can modify the HSN code and ensure accurate tax calculations. This step is particularly useful when there are changes in the classification of your products or when you need to align with the latest GST regulations.

Understanding how to change the HSN code in Tally Prime empowers you to maintain compliance and streamline your tax processes efficiently.

Press Alt+G and Select Create/Alter GST Classification

Continuing from the previous subtopic, navigate to the GST Rate Setup in Tally Prime by pressing Alt+G and select the option 'Create/Alter GST Classification' to proceed with changing the HSN code. This step is crucial in ensuring accurate GST compliance and maintaining updated records in Tally Prime.

By selecting this option, you can specify the relevant details under the HSN/SAC & Related Details and GST Rate & Related Details sections. Tally Prime provides a user-friendly interface that allows you to easily make changes to the HSN code as needed.

Changing the HSN code in Tally Prime offers several benefits, including streamlined GST compliance, improved accuracy in invoicing and reporting, and enhanced efficiency in managing your business's goods and services.

Specify Relevant Details Under Hsn/Sac & Related Details and GST Rate & Related Details Sections

Moving ahead with the process of changing the HSN code in Tally Prime, it is essential to provide the necessary information under the HSN/SAC & Related Details and GST Rate & Related Details sections.

Understanding the importance of accurate HSN codes in Tally Prime is crucial for GST compliance. The HSN/SAC & Related Details section requires entering the appropriate HSN code or SAC code for the goods or services. This code helps in identifying the specific nature of the product or service being supplied.

In the GST Rate & Related Details section, it is necessary to specify the applicable GST rate for the item.

Incorrect HSN codes can have a significant impact on GST compliance, leading to penalties and legal repercussions. Therefore, it is vital to ensure accurate and up-to-date HSN codes in Tally Prime to maintain compliance with GST regulations.

Select Specify Details Here Option in the Fields

To specify the details, select the 'Specify Details Here' option in the fields. This step is crucial when changing HSN codes in Tally Prime. Accurate HSN codes are essential for proper GST filing, as they determine the tax rates applicable to goods and services.

By choosing the 'Specify Details Here' option, you can enter the correct HSN code that corresponds to the item or service you are dealing with. This ensures that your GST returns are accurate and compliant with the regulations. However, changing HSN codes in Tally Prime can also present some challenges.

It is important to double-check the codes to avoid any errors that could lead to incorrect tax calculations or penalties. Additionally, updating HSN codes for a large number of items or services can be time-consuming. Therefore, it is advisable to have a systematic approach and allocate sufficient time for this task.

Save the Changes

After specifying the details, the next step is to save the changes made to the HSN codes in Tally Prime. To do this, simply click on the 'Save' button located at the top of the screen. This will ensure that all the modifications made to the HSN codes are saved and applied to the system.

Saving the changes is crucial as it ensures that the updated HSN codes are accurately reflected in your Tally Prime software. It allows you to maintain accurate and up-to-date records of your business transactions, making it easier to generate GST reports and comply with tax regulations.

Furthermore, it is important to note that the Tally Support Subscription (TSS) renewal plays a significant role in the smooth functioning of Tally Prime. By renewing your TSS, you gain access to regular updates, bug fixes, and technical support from the Tally team. This ensures that you can make use of the latest features and enhancements in Tally Prime, including any updates related to HSN codes or GST compliance.

Tally Prime Pricing and Subscriptions

Tally Prime offers various pricing options and subscription plans for users to choose from. Unlike Tally ERP 9, Tally Prime follows a one-time purchase model with an annual Tally Support Subscription (TSS) renewal requirement. Renewing TSS ensures continuous support and updates for the software. Tally Prime does not require any additional payments or subscriptions, providing users with lifetime access to the software.

In terms of pricing, Tally Prime Gold is priced at ₹54,000 + 18% GST. This version includes additional features and functionalities and is suitable for businesses with larger requirements. On the other hand, Tally ERP 9 for Windows 10 is available in Single User and Multi-User editions. The price for Tally ERP 9 Single User is ₹18,000 + 18% GST, while the price for Tally ERP 9 Multi-User is ₹54,000 + 18% GST.

Users should consider their specific needs and budget when choosing between Tally Prime and Tally ERP 9.

Price of Tally Prime Gold

Continuing the discussion on Tally Prime pricing and subscriptions, the price of Tally Prime Gold, which offers additional features and functionalities, is ₹54,000 + 18% GST. Tally Prime Gold is designed for businesses with larger requirements and provides added benefits compared to the standard version. Some of the key features of Tally Prime Gold include multi-user access, advanced inventory management, and enhanced security controls.

When considering the cost comparison between Tally Prime Gold and other editions, it's important to weigh the benefits and requirements of your business. While Tally Prime Gold may have a higher upfront cost, it offers greater flexibility and scalability for growing businesses. Additionally, Tally Prime Gold comes with lifetime access to the software, eliminating the need for additional payments or subscriptions.


Changing the HSN code in Tally Prime is a crucial task for businesses to ensure accurate tax reporting and compliance with GST regulations.

By following the step-by-step guide provided in this article, businesses can seamlessly update their HSN codes in Tally Prime.

Staying up-to-date with the ever-evolving GST regulations is essential for businesses to avoid penalties and maintain smooth operations.

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