How to record purchases under GST – Intrastate, Interstate in TALLY ERP 9?

Tally allows users to record purchases and sales transactions under GST taxation. The transaction cab be intrastate, interstate, or fixed assets. Intrastate trade means the purchase or sales taken place in the same state. Interstate transaction means the purchase or sales made place between two different states.

How to record intrastate purchases in Tally ?

STEP : 01 (Setting-Up Features)

Purchase the 10no.s of computers @ Rs. 20,000/- from ABC Technologies (State: Andhrapradesh) with ref no: Pur/ABC/400. GST @ 18%

  • Press F11 for Company Features
  • Press F3 for Statutory & Taxation
  • Enable Goods and Service Tax: YES
  • Set / Alter GST Details: YES
  • GST DETAILS:
  • State: Andhra Pradesh
  • Registration Type: Regular
  • GST IN / UIN: <enter the Tax identification number of your company>
  • Applicable from: <Enter the applicable date> ex: 01-04-2020
  • Periodicity of GSTR1: Monthly
  • e-way bill applicable: Yes
  • Applicable from: 01-04-2020
  • Threshold Limit Includes: Invoice Value
  • Threshold Limit: 50,000
  • Applicable for intrastate: Yes
  • Enable GST classifications: YES

Press ENTER Accept the total Screen

STEP : 02 (Creating Ledgers)

  • Gateway of Tally > Accounts Info > Ledgers > Single Ledger > Create
  • Name: ABC TECHNOLOGIES
    Under: Sundry Creditors
    Maintain Balances Bill By Bill: Yes
    State: Select the applicable state to calculate GST during voucher entry.
    Press Enter_Accept- yes
  • Name: Purchase – Local
    Under: Purchases A/c
    Inventory values are affected: YES
    Statutory information :
    Is GST Applicable: Applicable
    Set / Alter GST Details: Yes < Press Enter >
    Nature of Transaction: Purchase Taxable
    Tax Type:
    Integrated Tax: 18%
    Central Tax: 9%
    State Tax: 9%
    (If central tax and state tax not displaying, then activate these option: Press F12 – configuration – show all GST tax types? YES)
    Type of supply: GOODS
    Press ENTER_Accept – yes
  • Name: C .G.S.T.
    Under: Duties & Taxes
    Type of Duty/tax: GST
    Tax Type: Central Tax
    Percentage of Calculation: 9%
    Press ENTER_Accept – Yes
  • Name : S .G.S.T.
    Under: Duties & Taxes
    Type of Duty / Tax: GST
    Tax Type: State Tax
    Percentage of Calculation: 9%
    Press ENTER_Accept – Yes

Step : 03 (Creating Items with GST)

  • Gateway of Tally > Inventory Info > Stock Items > Create
  • Name: Computers
    Under: Primary
    Units: PCS < Select Unit Quantity Code – Pieces from the list when creating unit PCS)
    GST Applicable: Applicable
    Set / Alter GST Details: Yes
    Calculation Type: On Value
    Taxability: Taxable
    Integrated tax: 18%
    Central Tax: 9%
    State Tax: 9%
    Type of Supply: Goods
    Press Enter _ Accept – Yes

step : 05 (Recording intrastate purchase voucher)

  • Gateway of Tally > Accounting Vouchers
  • Press F9 for Purchase
  • Press ALT + I for ITEM INVOICE
  • supplier invoice No: pur / ABC / 400
  • Purchase Ledger: Select Purchase – Local Ledger
  • Name of Item: Computers
  • Godown: <select godown if requires>
  • Quantity: 10pcs
  • Rate: 20,000
  • Amount: 2,00,000
  • Press Enter
  • Select CGST and SGST from list of ledgers
  • CGST: 18,000
  • SGST: 18,000
  • Total Purchase Value: 2,36,00
  • Provide GST / e-way bill details: Yes
  • Now enter e-way details, transporter details, and consignor details, etc.
  • Press Enter
  • New Ref: pur / abc / 400
  • Accept-yes

How to record Interstate purchases in Tally ?

Purchase 10no.s of computers @ Rs. 21,000/- with GST @ 18% BBC Technologies (State : Tamil Nadu) with ref no: pur / bbc/ 400.

Step : 01 (Creating GST Ledgers):

  • Gateway of Tally > Accounts info > Ledgers > Single Ledger > Create
  • Name: Interstate Purchase
  • Under: Purchase Accounts
  • Inventory values are affected: Yes
  • Is GST Applicable: Applicable
  • Set / Alter GST Details: yes
  • Nature of Transaction: Interstate purchase taxable
  • Integrated tax: 18%
  • Central tax: 9%
  • State tax: 9%
  • Type of supply: Goods
  • Press enter_Accept – Yes
  • Name: I.G.S.T.
  • Under: Duties & Taxes
  • Type of Duty / Tax: GST
  • Tax Type: Integrated Tax
  • Percentage of calculation: 18%
  • Press enter _ Accept – Yes.
  • Name: BBC Technologies
  • Under: Sundry Debtors
  • Maintain Balances bill by bill: Yes
  • State: Tamil Nadu
    (Select the applicable state to calculate GST during voucher entry )
  • Press enter – Accept_Yes

Step : 02 (Creating interstate purchase voucher)

  • Gateway of Tally > Accounting Vouchers > Press F9 for purchase voucher
  • supplier invoice number: pur / bbc / 400
  • Party’s A/c Name: BBC Technologies
  • Purchase Ledger: Interstate Purchase
  • Name of Item: Computers
  • Quantity: 10pcs
  • Rate: 21,000
  • Amount: 2,10,000.00
  • press enter
  • Select IGST > Press enter
  • IGST Amount: 37,800
  • Provide GST / e-way bill details: Yes
  • Now fill the e-way bill details, transporter details, and consignee details
  • Press enter
  • New Ref: pur / bbc / 400
  • Amount: 2,47,800.00
  • Accept the total voucher

REPORTS:

  • Gateway of Tally > Display > statutory reports > GST Reports > GSTR 2

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