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Recording GST Local Sales and Printing Invoices in Tally.ERP9 |
Once you activate GST in your company, you can record the sale of goods and services (outward supply) that attract GST using a sales voucher. Ensure that you provide unique voucher numbers for your sales vouchers, and use a new series of voucher numbering. |
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Recording IGST-Inter-State Sales (Outside Sale) in Tally.ERP9 |
Once you activate GST in your company, you can record the sale of goods and services (outward supply) that attract GST using a sales voucher. Ensure that you provide unique voucher numbers for your sales vouchers, and use a new series of voucher numbering. |
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Nil-Rated GST Sales in Tally.ERP9 |
The sales of nil-rated goods to a local or interstate customer does not attract GST, and can be recorded using a sales voucher. In the masters of the goods or services classified as nil rated (0%), Taxability should be set to Nil Rated in the GST Details screen. |
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Exempted GST Sales in Tally.ERP9 |
The local or interstate sale of goods or services exempted from GST can be recorded using a sales voucher. In the masters of the exempted goods or services, Taxability should be set to Exempt in the GST Details screen. |
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Deemed Export under GST in Tally.ERP9 |
Deemed exports are defined as transactions in which the supply and manufacture of goods takes place within India. Essentially, deemed exports refer to the supply of goods to end-exporters |
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Sales of Mixed Supply Under GST in Tally.ERP9 |
You can record the sales of a mixed supply using a sales invoice. For this, create a new stock item to account for the bundle of items. The tax of the highest-rated item in the bundle is applicable for this bundled unit. |
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Reverse Charge on Sales of Goods and Services under GST in Tally.ERP9 |
You can record the sale of goods and services categorised as reverse charge supplies without any tax implications. In the sales invoice printout, you can view the tax break-up in the tax analysis section, with a note regarding the invoice value being subject to reverse charge. The transactions will be captured in the B2B invoices section of the GSTR-1 report, with the tax break-up of the buyer's liability. |
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Tax Liability on Advance Receipts against GST Sales in Tally.ERP9 |
When advance is received and an invoice is not recorded against the advance in the same period, the taxable person has to pay tax on the amount of advance received. Over a taxable period, keeping track of the advance received and creating tax liability for such an amount will be a difficult task.
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