ASSIGNMENT
- Company purchased the following items including GST Taxation from Techno Companies (State : Andhra Pradesh) with ref no : Pur/Tech/3400 and stored at Rajam Godown
S.No | Item Name | Quantity | Rate | GST% |
---|---|---|---|---|
1 | Item – A | 20pcs | 1500 | 5 |
2 | Item – B | 15pcs | 2200 | 18 |
3 | Item – C | 35pcs | 1400 | 18 |
4 | Item – D | 60pcs | 1000 | 12 |
5 | Item – E | 26pcs | 1650 | 5 |
6 | Item – F | 19pcs | 1250 | 12 |
7 | Item – G | 10pcs | 1156 | 28 |
8 | Item – H | 16pcs | 1675 | 28 |
SOLUTION
ACTIVATING FEATURES
- Press F11 for Company Features
- Taxation:
Enable Goods and Service Tax : Yes <Press enter>
Now specify the details of GST - GST DETAILS:
State : Andhra Pradesh
Registration Type : Regular
Assesse of other Territory : No
GST Applicable from : 01-04-2021
GST IN / UIN : enter the identification number of GST
Periodicity of GSTR1 : Monthly
e-way of applicable : Yes
Applicable from : 01-04-2021
Threshold limit includes : Invoice value
Threshold Limit : 50,000
Applicable for Intrastate : Yes
Threshold Limit : 50,000
Press Enter
Accept _ Yes
CREATING LEDGERS
- Gateway of Tally
- Masters
- Create
- Ledgers
- Create
- Masters
- Name : Techno Companies
Under : Sundry Creditors
Maintain Balances Bill-By Bill : Yes
Press enter
Now enter the mailing details and tax registration details of party
Press enter
Accept_ Yes - Name : Purchase A/C
Under : Purchase Accounts
Inventory Values Are Affected: Yes
Press Enter
Accept _ Yes - Name : CGST
Under : Duties & Taxes
Type of Duty / Taxes : GST
Tax Type : Central Tax
Percentage of Calculation : 0%
Press Enter
Accept _ Yes - Name : SGST
Under : Duties & Taxes
Type of Duty / Taxes : GST
Tax Type : State Tax
Percentage of Calculation : 0%
Press Enter
Accept_ Yes
CREATING STOCK ITEMS(WITH G.S.T.)
- Gateway of Tally
- Masters
- Create
- Stock Item
- Create
- Masters
- Name : Item – A
Under : Primary
Units : Pcs - Statutory Details :
GST Applicable : Applicable
Set / Alter GST Details : Yes
HSN / SAC Details :
enter the details of HSN / SAC
Tax Details :
Calculation Type : On Value
Taxability : Taxable
Tax Type : Integrated Tax
Rate : 5%
press enter
Automatically distributes CGST and SGST taxes <press enter>
Note : If HSN and GST details not displays, Press F12 for configuration , activate the below features
Allow HSN / SAC details : Yes
Show all GST Tax Types : Yes
Type of Supply : Goods
Press CTRL + A to accept - Now Create the remaining items also and specify the GST rates as instructed above
ENTERING PURCHASE INTRASTATE VOUCHER
- Press F9 for purchase voucher
- Press CTRL + H for change mode and select “Item Invoice” in it, press enter
- Party’s A/c Name :
Techno Companies <Press Enter>
Receipt Details:<Skip & press enter>
Party Details : <Press Enter> - Purchase Ledger : Select “Purchase Ledger ” in it and press enter
(Note : If Purchase Ledger, not displays Press F12 for configuration, activate the option “Select Common Ledger Account for Item Allocation) - Name of Item :
Select “Item – A” > Press Enter - Quantity:
20 Pcs - Rate:
1500 - Amount :
30,000 - Press enter
- Enter the remaining items same as above, Press Enter
- Select “CGST” and “SGST”, Press enter
- Tax Automatically Updates
- Press Enter
- New Ref : Name : pur/tech/3400
- Amount : 3,22,808.80
(Note : If Billwise details not displays, Press F12 for configuration – Select Default Billwise details for Bill Allocation: NO) - Accept _ Yes
PRINTING GST INVOICE
- Gateway of Tally
- Transactions
- Day Book
- Transactions
- Select the Voucher, press enter
- Press CTRL + P for Print
- Click on Configure
- Click on show more options to display the all features
- Voucher Details:
Enable the voucher details which you requires
Example:
Show Bill-Wise Details : Yes
Show rate : Yes - Statutory Details :
Show item wise GST details : Yes
Show HSN / SAC details : Yes
Show GST Details : Yes
Show e-way bill no: Yes - Activate remaining details, as per your requirement (Header Information, Company details, Party details, Order and dispatch details, Footer information
- Printer Settings
Select the Printer and Specify No. of copies you requires - Press ESC to go back
- Click on Preview if you want Print Preview
- Press ALT + Z to zoom the preview
- Press ESC to go back
- Now click on Print to print the GST invoice