Recording of GST Purchases from unregistered dealer in Tally ERP9

You can account for purchase of taxable goods or services from unregistered dealers under reverse charge, purchases against advance paid and purchase returns.

 

 

Sundry Creditor (Unregistered dealer) Ledger Creation

 

Path: Gateway of Tally -> Accounting Info -> Ledgers-> Create

 

 

Under: Sundry Creditors

 

Set/Alter GST details: Yes

 

In GST details screen, Select registration type – Unregistered

 

 

Registration type: Unregistered

 

Press enter to save the screen

 

 

 

Purchase from Unregistered Dealer Ledger Creation

 

Path: Gateway of Tally -> Accounting Info -> Ledgers-> Create

 

 

Under: Purchase Accounts

 

Is GST Applicable: Applicable

 

Set/Alter GST details: Yes, once enable this option then the below GST details for ledger screen will appear.

 

 

 

 

Nature of transaction: Purchase from unregistered dealer – Taxable

 

Taxability: Taxable

 

Is reverse charge applicable: Yes

 

During the same screen press F12 configure to enable reverse charge applicable option and set enable reverse charge calculation to: Yes

 

Integrated Tax: Set the GST rate @18%

 

Press enter to save the screen

 

 

 

Purchase invoice posting in Tally ERP9

 

Path: Gateway of Tally -> Accounting Vouchers -> Select F9 for Purchase

 

 

During the same screen, click on Tax Analysis (Right side) then the below screen will appear.

 

Click on detailed (Alt+F1) to view the GST tax details.

 

Press enter to save the screen

 

 

 

 

Recording of an entry to raise tax liability

 

Path: Gateway of tally -> Display -> Statutory Reports -> GST -> GSTR-3B -> Click on URD purchases

 

You have to raise tax liability for the below shown amount i.e.Rs.2160

 

 

 

 

To raise tax liability

 

Path: Gateway of Tally -> Accounting Vouchers -> F7 Journal -> Click on Stat Adjustment (Right side)

 

 

Type of duty/tax: GST

 

Nature of adjustment: Increase of Tax Liability

 

Additional details: Purchase from Unregistered dealer

 

 

 

Create Tax on Purchase from URD ledger under Current Assets.

 

Credit the GST Tax ledgers.

 

Press enter to save the screen

 

 

 

Recording of an entry for GST payment

 

Path: Gateway of Tally -> Accounting Vouchers -> F5 Payment -> Click on Stat Payment (Right side)

 

 

Tax Type: GST

 

Payment type: Select Recipient Liability

 

Period From:  1-Aug-2017 To 31-Aug-2017

 

 

 

Provide GST details: Yes, and provide the bank details like as shown below.

 

 

 

 

 

Claim the input tax credit on reverse charge liability

 

You can claim input tax credit as shown in the below report as liability booked.

 

Path: Gateway of tally -> Display -> Statutory Reports -> GST -> GSTR-3B -> Click on URD purchases.

 

 

 

 

Path: Gateway of Tally -> Accounting Vouchers -> F7 Journal

 

Click on Stat Adjustment (Right side)

 

 

Type of duty/tax: GST

 

Nature of adjustment: Increase of Input Tax Credit

 

Additional details: Purchase from Unregistered dealer

 

 

 

Press enter to save the screen

 

 

 

 

Related Topics

 

Sales to Unregistered Dealer in Tally ERP9

 

List of Shortcut Keys in Tally ERP9

 

GST Nil Rated Sales in Tally ERP9