How to record Intra State Purchases under GST in TALLY PRIME ?

ABOUT PURCHASE VOUCHER

  • Purchase Voucher Key is F9
  • Use CTRL + H to change the mode to Item Invoice / Accounts Invoice / Voucher Mode
  • Use Item Invoice to record the purchases with items.
  • Use Accounts Invoice to record the purchases with services.
  • Use Voucher mode to record the purchases in debit and credit mode.

WHAT IS INTRA STATE PURCHASE ?

  • Intra State purchase means, when our company purchases goods / services with in state, then it is called as Intra state purchase.
  • GST Tax Slab Rates 2021 :
    0%, 5%, 12%, 18%, 28%
  • Tax Calculation:
    • For Example, If the GST tax of goods is at 18%, then 9% of tax will be collected in the name of CGST (Central Goods and Service Tax), and remaining 9% tax will be collected in the name of SGST (State Goods and Service Tax).

WHAT IS INTER STATE PURCHASE?

  • Inter State Purchase means, when purchases take place between two states, then it is called as Inter state purchase.
  • GST Tax Slab Rates 2021:
    0%, 5%, 12%, 18%, 28%
  • Tax Calculation:
    • For Example, If the GST tax of goods is at 18%, then the total tax amount will be collected in the name of IGST (Integrated Goods and Service Tax).

ASSIGNMENT ON PURCHASE (G.S.T – INTRASTATE)

  1. Purchase the following goods with ref no: TSS/400 from TSS Industries (State: AndhraPradesh) and stored at Rajam godown and GST is at 18%. HSN Code: 4202. Dated : 01-05-2021
S.NONAME OF THE ITEMQUANTITYRATE
1Sports Bag200 Pcs1500
2Wallets100 Pcs1250
3Purses250 Pcs120
4Shopping Bags450 Pcs2000
5Camera Cases650 Pcs190
6Brief Cases720 Pcs2400
7Suit Cases540 Pcs2100
8Executive Cases658 Pcs1000
9Gutiar Cases100 Pcs650
10Trunks52 Pcs720

SOLUTION

ACTIVATING G.S.T. TAXATION

  • Press F11 for company features
  • Taxation:
    Enable Goods and Service Tax : Yes
    Press enter
  • GST DETAILS:
    • State : Andhra Pradesh
    • Registration Type : Regular
    • Assessee of Other Territory : No
    • GST Applicable from : 1-Apr -2021
    • GST IN/UIN : Enter the GST Identification Number / Unique Identification Number
    • Periodicity of GSTR1 : Monthly
    • e-Way Bill Applicable : Yes
      • Applicable from : 1- Apr – 2021
      • Threshold limit includes: Invoice Value
      • Threshold Limit : 50,000
      • Applicable for intrastate : Yes
      • Threshold Limit : 50,000
    • Skip the remaining details
    • Press enter
    • Press CTRL + A to Accept the total screen

CREATING LEDGERS

  • Gateway of Tally
    • Masters
      • Create
        • Accounting Masters
          • Ledger
  • Name : TSS INDUSTRIES
    Under : Sundry Creditors
    Maintain Balances Bill By Bill : yes
    Mailing Details:
    Select the state “Andhra Pradesh”
    Country : India
    Tax Registration Details:
    Enter the details of PAN, GST IN and Registration Type etc.
    Accept_Yes
  • Name : Purchase A/C
    Under : Purchase Accounts
    Inventory Values Are Affected: Yes
    Statutory Details :
    Is GST Applicable : Yes
    Set / Alter GST Details : Yes
    HSN / SAC Details :
    HSN / SAC : 4202
    Is Non – GST goods : No
    Nature of Transactions : Purchase Taxable
    Tax Details:
    Taxability : Taxable
    Tax Type : Rate
    Integrated tax 18%
    Central Tax 9%
    State Tax 9%
    (Note: If HSN Details and Tax Details not displays , then press F12 for configuration and active the below options
    Allow HSN / SAC details : Yes
    Show all GST Tax Types : Yes)
    Press Enter
    Type of Supply : Goods
    Press CTRL + A to accept the ledger
  • Name : CGST
    Under : Duties & Taxes
    Type of Duty / Tax : GST
    Tax Type : Central Tax
    Percentage of Calculation : 9%
    Press Enter
    Accept_ Yes
  • Name : SGST
    Under: Duties & Taxes
    Type of Duty / Tax : GST
    Tax Type : State Tax
    Percentage of Calculation : 9%
    Press Enter
    Accept_ Yes

CREATING ITEMS

  • Gateway of Tally
    Masters
    • Create
      • Inventory Masters
        • Stock Item
  • Name : Sports Bag
    Under : <Create>
    Accessories
    Units : <Create>
    Type : Simple
    Symbol : Pcs
    Unit Quantity Code : PCS – Pieces
    Press Enter
    Accept_ Yes
  • Similarly, Create the remaining items

CREATING GODOWN

  • Gateway of Tally
  • Masters
  • Create
  • Inventory Masters
  • Godown
  • Name : Rajam
  • Press Enter
  • Accept_yes

CREATING PURCHASE VOUCHER (INTRA STATE)

  • Gateway of Tally
    • Vouchers
      • Press F9 for Purchase Voucher
  • Press F2 to change Date : 01-05-2021
  • Press CTRL + H to change mode to Item Invoice
  • Supplier Invoice No : TSS/400
  • Party A/c Name : TSS Industries
  • Purchase Ledger : Purchase A/c
  • Name of Item: Select the item from the list , Press enter
  • Godown: Rajam
  • Quantity : 200 Pcs
  • Rate : 1500
  • Amount : 3,00,000
  • Now enter the remaining items same as above
  • Total Assessable Value : ₹ 51,00,940.00
  • Now select CGST and SGST from the list of ledgers
  • Tax value automatically calculates
  • CGST : 4,59,084.60
  • SGST : 4,59,084.60
  • TOTAL PURCHASE VALUE : 60,19,109.20
GST INTRASTATE

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