When you purchase of goods or services from other state supplier then integrated tax will attract (IGST).
Path: Gateway of Tally -> Accounting Info -> Ledgers-> Create
Ledger Name: Interstate Purchase@18%
Name of Ledger: Interstate Purchase@18%
Under: Purchase Accounts
Inventory values are affected: Yes
Is GST Applicable: Select Applicable
Set/alter GST details: Yes, once enable this option then the below GST details for ledger screen will appear
Type of Supply: Goods (If related to services select Services)
Nature of Transaction: Select the related business transaction from the nature of transactions like, Interstate Purchase Taxable.
Is reverse charges applicable: No (If applicable select Yes)
Integrated Tax: Specify the GST Tax rate like, 18%
Click on Yes to accept and save the entry
Vendor Name: Bhavan Traders
Under: Sundry Creditors
Maintain balances bill by bill: Yes
Inventory values are affected: No
Address: Enter supplier address
Country: India
State: Karnataka
Pin code: 560067
PAN/IT No: DFHCT6789P (Supplier PAN Number)
Set/alter GST details: Yes, once enable this option then the below GST details screen will appear.
Click on Yes to accept and save the entry
Registration Type: You have to select supplier registration type “Regular” (In case the supplier registered under composition or unregistered dealer accordingly you need to select)
GSTIN/UIN: Enter supplier GSTIN number
Path: Gateway of Tally -> Accounting Vouchers -> (F9) Purchases
Example: Purchased 10 Dell computers each@50000 from Bhavan traders, Bangalore.
Tax Classification details: Select “Interstate Purchase Taxable” during the purchase voucher (F9) screen.
Supplier Invoice No: 678 (Enter supplier invoice number)
Invoice Date: 2.08.2017 (Enter invoice date)
Party Name: Bhavan Traders
Name of Item: Dell Computers
Quantity: 10 (Enter quantity as per vendor invoice)
CGST and SGST will be calculated automatically based on GST classification and GST rate.
Click on Yes to accept and save the entry
During the same screen, click on Tax Analysis then the below screen will appear and click on detailed (Alt+F1) to view the GST tax details.
Recording of GST Local Purchases in Tally ERP9
Bank Reconciliation Statement in Tally ERP9
Fixed Assets Process in Tally ERP9
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