GST rules comprise two types of Invoices. Tax Invoice: Tax invoice under GST is an invoice issued by a registered person at the time of removal of goods or in case of movement of goods. Or at the time of delivery or making it available to recipient in any other case.( Where there is no movement of goods involved and In case of Service). GST Act also makes it mandatory that any registered person buying goods or servicesfrom unregistered person shall issue a payment voucher as well as a tax invoice. Bill of Supply: A registered person selling exempted goods and services( GST rate zero) or availing composition scheme shall issue Bill of Supply.Learn More About: Sale Voucher Entry What is Local sale (intra state) and Interstate sale?Local sale: Local sale or intra-state sale is where the seller is registered and place of supply of goods are in same state. Local sale attract taxes CGST & SGST. CGST shall be deposited to central government and SGST shall be deposited to state government.Interstate Sale: A sale is called interstate when the location of supply and place of delivery is in different states.
This types of sale attract tax called IGST. This tax revenue is shared by both state government and Central government. How to enter Local Sale entry under GST?Before we start, GST Tax rate and HSN codes can be set at various levels of tally erp 9.IN THIS TUTORIAL WE ARE SETTING UP TAX RATE AT STOCK ITEM LEVEL But you have the following options. If you have the same HSN or SAC and tax rate for all the goods and services, then all you need to do is simply set these values at the Company level once and it is done. If a specific group of items attract a rate different from the one specified at company level then you can also configure the HSN/SAC at the Stock Group level. The rate specified at the group level is applicable to all the items in that group. If just a few items in a stock group attract a different rate, then set up rates and HSN/SAC at the stock item level for those stock items.
Tally Multi State Gst Module
This will override the rates specified at the stock group level. If you would like to apply the same HSN/SAC and tax rate for different type of transactions, you can specify HSN/SAC and rate at ledger group level for Sales, Purchase, Expense and groups. For specific scenarios like transfer of exempt goods to branches within the state, you may want to change the tax applicability in a transaction to exempt type. Then you can configure these details at ledger level. Or when you want to segregate sales or purchase of items or services for types of transactions.
Using the same set of items and ledgers, you can modify the Nature of Transaction at the transaction level.EXAMPLE GST SALE ENTRYIn below example we are setting up gst rate at stock item level assuming few items in a stock group attract different tax rate & hsn.On; ABC Ltd Sold 100 Pieces of Wrist Watches @ Rs 1200 ( HSN:9102) GST Rate: 18% to Time Center. Does driving school certificates expire texas. Press enter and save the screen to come back to sales voucher. Select Sales ledger as created: ‘ Local sale ‘ Press enter, A tax classification details will appear.Press enter and save. Select items selling: Wrist watch. Enter Quantity, Rate, The amount will be auto calculated, Hit enter Key twice from Amount field after selecting all items. Select GST Tax ledger CGST & SGST, The tax amount automatically calculated.Press Enter Key and accept the voucher.Before saving,Lets print the GST local sale invoice/bill. How to print GST sale Invoice/Bill?GST law makes some fields in Invoice mandatory,they are, Invoice Number, Date,Name of customer,Billing Address, Shipping Address, GSTIN of Buyer and seller.
Place of supply, HSN Code/SAC Code. Item details, Taxable value, discount if any, Tax Amount. No of copies of InvoiceThree copies are required for sale of goods Original for Buyer, Duplicate for transporter and triplicate for Seller. In case of s upply of service; two copies are required, Original For Service Receiver and duplicate for Service provider. How to Print GST invoice?Click on Print Button of GST sales voucher or Press Alt+P, (Access the sales voucher in alteration mode if you have already saved the voucher).The Voucher Printing Dialogue box will appear.To get more printing options Click F12 Configure button, the printing configuration screen will open in-front of you.You can see so many GST related options in the configuration screen, If you Press F12 Configuration once again you will get more optionsActivate the GSTIN, HSN/SAC,Taxable Values, and other options as required by GST law. Press enter and accept the screen. You will get back to printing dialogue box.
Use Multiple Addresses for Ledger Account in Tally.ERP 9To create multiple addresses for a single ledger:.Go to Gateway of Tally Accounts Info Ledgers Create.The Ledger Creation screen appears.Click button or press F12.The Master Configuration screen appears.Under Ledger Configuration, set the option Use MULTIPLE Addresses to Yes, as shown:Img-92.Save the settings.Note: The option Use Multiple Addresses can also be enabled from Gateway of Tally F12: Configure Accts / Inventory Info.Type the name of the Party in the Name field (E.g. Supplier A).Select the group from the list of groups (E.g. Sundry Creditors).Set / Fill the other required fields.Set the option to Yes.Img-93.Press Enter.The screen for the ledger being created appears.Type the name of the Party’s Location (E.g. Disclaimer:Tally, Tally 9, Tally9, Tally.ERP, Tally.ERP 9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt.
How To Maintain Multiple Gst In Tally
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Tally Single Company Multi State Gst
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