You can record advance payment to an unregistered dealer in payment voucher, raise tax liability, recording of purchase invoice against advance payment made, claim input tax credit and reverse the tax liability on advance.
Example 1: Advance payment made to unregistered dealer and total order completed in the same month. In this example buyer (registered dealer) should pay tax (GST reverse charge on purchase from unregistered dealers) and claim the same in subsequent month.
Path: Gateway of Tally -> Accounting Info -> Ledgers-> Create
Set/alter GST details: Yes, once enable this option then the below screen will appear
Select registration type “Unregistered”
Registration type: Unregistered
Press enter
Path: Gateway of Tally -> Accounting Vouchers -> F5 Payment
During the payment voucher screen click on advance payment under reverse charge
Date: Enter date
Account: Select Bank
Party Name: Select party name “K S Enterprises”
During the above screen click on F12 Configure to enable the below options
Allow to provide rate of stock items: Yes, to enter/alter the slab rate of stock item.
Allow to provide quantity for calculation of cess and quantity: Yes, to enter the cess rate and cess rate per unit.
Allow modification of tax details: Yes, to override the GST and cess rates in the voucher
Particulars: Select stock item/ledger against which you made an advance payment
You can view the advance payment details with tax on the above screen
Press Ctr+A to save the screen
Select the type of reference as advance and enter the reference details
Press enter to accept the payment voucher screen
During the payment voucher screen press Alt+P to print advance payment receipt and enable the below option.
Print GST Advance Payment: Yes
Path: Gateway of Tally -> Accounting Vouchers -> F7 Journal and click on J Stat Adjustment
Type of duty/tax: GST
Nature of adjustment: Increase of Tax Liability
Additional details: Advances paid under reverse charge
Press enter
Create the Tax on Advance ledger under Current Asset group
Provide GST details: Yes
Ledger Name: K S Enterprises
Place of supply: Telangana
Registration type: Unregistered
Press enter to save the screen
Path: Gateway of Tally -> Display -> Statutory Reports -> GST -> GSTR2
While recording of purchase invoice, you need to adjust with advance paid reference number and for the remaining balance enter a new reference number.
Path: Gateway of tally -> Display -> Statutory Reports -> GST -> GSTR-3
Path: Gateway of tally -> Accounting vouchers -> F7 Journal
Click on Stat Adjustment
Type of duty/tax: GST
Nature of adjustment: Increase of Tax Liability
Additional details: Purchase from Unregistered dealer
Press enter
Debit the tax on purchase from URD and credit the input tax GST ledgers
Provide GST details: Yes and set the type of input like, Capital Goods or Goods or Services
Press Enter to save the screen
Path: Gateway of Tally -> Accounting Vouchers -> Payment (F5)
Click on stat payment
Tax Type: GST
Period: 1-Jul-2017 To 31-Jul-2017
Payment Type: Recipient Liability
Press enter
Press enter to accept and save the entry
Path: Gateway of tally -> Display -> Statutory Reports -> GST -> GSTR2 URD Purchases
Click on stat adjustment
Type of duty/tax: GST
Nature of adjustment: Increase of Input Tax Credit
Additional details: Purchase from Unregistered dealer
Press enter
Debit the GST input tax ledgers and credit the tax on purchase from URD
Press enter to save the screen
Observe the below screen shot of GSTR-3B (Click on URD purchases) after recording of Input tax credit claim entry.
Path: Gateway of Tally -> Accounting Vouchers -> Journal F7
Click on stat adjustment
Nature of adjustment: Decrease of tax liability
Additional details: Purchase against advance payment
Debit the GST input tax ledgers and credit the tax on advance.
Press enter to save the screen
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