Export Sales under GST in Tally ERP9

You can easily record the export of goods by using a sales voucher in Tally ERP9.

 

Taxes will be applicable based on the type of export.

 

Taxable export: Integrated tax will attract on export of goods, and you need to select export taxable as a nature of transaction while creating of sales ledger.

 

Exempt export: No Tax will be applicable on exempt export, and you need to select export 

exempt as a nature of transaction while creating sales ledger.

 

Export under LUT/bond: While creation of a sales ledger, you need to select Exports LUT/Bond as a nature of transaction for exports under LUT/Bond.

 

Export LUT/Bond is applicable when you have signed up a letter of undertaking with the department for the export of goods without payment of duty.

 

Also, in the company GST details screen, enable the option provide LUT/Bond details: Yes and you have to enter the details in LUT/Bond details screen.

 

 

Path: Gateway of Tally -> F11 Features -> Statutory and Taxation

 

You have to enable the following options in Statutory and Taxation features.

 

Enable Goods and service tax (GST): Yes

 

Set/alter GST details Yes

 

Provide LUT/Bond details: Yes

 

 

 

 

Ledgers Creation

 

Path: Gateway of Tally -> Accounts info -> Ledgers -> Create

 

 

Name: Jack & Co

 

Under: Sundry Debtors

 

Country: UAE

 

Press enter to save the screen

 

 

 

Ledger Name: Export Sales

 

 

 

Under:  Sales Accounts

 

Is GST Applicable: Applicable

 

Set/alter GST details: Yes, once enable this option then the below GST details screen will appear.

 

Press enter to save the screen

 

 

Nature of transaction: Exports Taxable

 

Taxability: Taxable

 

Integrated Tax: 18%

 

 

 

 

Record Export Sales in Tally ERP9

 

Path: Gateway of Tally -> Accounting Vouchers -> F8 Sales

 

 

 

Party A/c name: Select party a/c name

 

Select the sales ledger. (You can create separate sales ledgers for export sales taxable, export sales

 

exempt and export sales under LUT/Bond)

 

Select integrated tax ledger

 

Provide GST details: Yes, once enable this option then the below screen will appear

 

 

 

 

 

Exports -LUT/Bond Sales Ledger Creation

 

Path: Gateway of Tally -> Accounts info -> Ledgers -> Create

 

 

Name: Exports-LUT/Bond Sales

 

Under: Sales Accounts

 

Is GST Applicable: Applicable

 

Set/alter GST details: Yes, once enable this option then the below GST details screen will appear.

 

Press enter to save the screen

 

 

 

Nature of transaction: Exports LUT/Bond

 

 

 

How to record exports under LUT/Bond sales

 

Path: Gateway of Tally -> Accounting Vouchers -> F8 Sales

 

 

Party A/c name: Enter party a/c name

 

Select the sales ledger

 

Provide GST details: Yes

 

Press enter to save the screen

 

 

 

How to print invoice in Tally ERP9

 

During the sales voucher screen press AlT+P to print invoice.

 

 

 

 

 

 

Related Topics

 

Adjustments Against Tax Credit under GST in Tally ERP9

 

Export Data from Tally ERP9 to Excel or PDF

 

Input Service Distributor under GST in Tally ERP9