The sale of goods or services to a party in Special Economic Zone (SEZ) will be recorded by using a sales voucher in Tally.
Taxable SEZ Sales: Integrated tax will be applicable for both local and intestate parties.
Exempt and nil rated SEZ sales: Tax is not applicable.
SEZ sales under LUT/bond: Tax is not applicable on SEZ sales under LUT/bond. When you have given up a letter of undertaking with the department for the sale of goods or services without making payment of duty.
To enter details of LUT/bond, enable the following option using the below path
Path: Gateway of Tally -> F11 Features -> Statutory & Taxation
Set/alter GST details: Yes, once enable this option then the below GST details screen will appear.
Path: Gateway of Tally -> Accounts Info -> Ledger -> Create
Name: SEZ Sales
Under: Sales Accounts
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: Sales to SEZ – Taxable
Integrated Tax: Set the GST rate 18%
Path: Gateway of Tally -> Accounting vouchers -> F8 Sales
Provide GST details: Yes, enable this option to enter additional details about export transaction.
During the sales voucher screen press Alt+P to print GST Tax Invoice.
GST Sales with Discount at Item Level in Tally ERP9
Export Sales under GST in Tally ERP9
Debit Note and Credit Note in Tally ERP9
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