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
Path: Gateway of Tally -> Accounts info -> Ledgers -> Create
Name: Jack & Co
Under: Sundry Debtors
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.
Nature of transaction: Exports Taxable
Integrated Tax: 18%
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
Name: Exports-LUT/Bond Sales
Under: Sales Accounts
Nature of transaction: Exports LUT/Bond
Party A/c name: Enter party a/c name
Select the sales ledger
Provide GST details: Yes
During the sales voucher screen press AlT+P to print invoice.
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
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