↑
waytosimple
  • Accounting
  • Tally ERP9
  • Tax
  • Payroll
  • SAP FICO
  • Digital Marketing
  • Must Know
  • Services
  • E-Books
  • 0 items₹0.00

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

 

 

 

Related Pages

  • How to Post TDS Receivable Entry in Tally ERP9
  • List of Shortcut Keys in Tally ERP9
  • Enable TDS in Tally ERP9
  • GST Classifications in Tally ERP9
  • Import of Goods under GST in Tally ERP9
  • Sales to Unregistered Dealer in Tally ERP9
  • Input Service Distributor under GST in Tally ERP9
  • How to Activate GST in Tally ERP9
  • How to Enable TDS in Tally ERP9
  • TDS on Professional Charges in Tally ERP9
  • GSTR-1 Report in Tally ERP9
  • GSTR-2 Report in Tally ERP9
  • GSTR-3B Report in Tally ERP9
  • What is Tally ERP9
  • How to Create Company in Tally ERP9
  • List of Ledgers and Groups in Tally ERP9
  • How to Create, Display, Alter and Delete Ledgers in Tally ERP9
  • How to Create, Display, Alter and Delete Group in Tally ERP9
  • Sales Voucher in Tally ERP9
  • Purchase Voucher in Tally ERP9
  • Home
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • E-Books

Copy Right © 2023 waytosimple.com All Rights Reserved.