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GST Purchases in Tally.ERP9 - Nil Rated, Exempt, Purchases wtih GST and TDS , Works Contract Service

Once you activate GST in your company under Tally.ERP9 , you can record a variety of Purchase Transactions (Inward Supply) such as ..

  1. Nil Rated Purchases of Goods and Services,
  2. Exempt Purchases of Goods and Services,
  3. Works Contract,
  4. Purchases of Goods and Services with both GST and TDS.

1. Purchase Transactions of NIL Rated Goods and Service in Tally.ERP9

The purchase of Nil Rated Goods from a Local or Interstate Supplier does not attract GST, and can be recorded using a purchase voucher.

In the ledger masters of the goods or services classified as Nil Rated (0%),Taxability should be set to Nil Rated in the GST Details screen.

Example :

Purchase following Goods of Nil Rated from Aditya Sales

(i) Apple 50 kgs @ Rs.80

(ii) Orange 80 Kgs @ Rs.40

(iii) Grave 10 Box @ Rs.200

Step-1 : CreatIng Nil Rated Purchase Ledger in Tally.ERP9 as below :

CreatIng Nil Rated Purchase Ledger in Tally.ERP9
(Fig-134)

 

Step-2 : (Alternatively) Creating Nil Rated Items and Goods in Tally.ERP9 as below :

Creating Nil Rated Items and Goods in Tally.ERP9
(Fig-135)

>> Similary...Orage and Graves can be created with Nil Rated as above !

Step-3 : Nil Rated Purchase Voucher in Tally.ERP9

  • Go to Gateway of Tally > Accounting Vouchers > F9: Purchases .
  • Enter the following Nil Rated Purchase Voucher as per given Example ...


(Fig-136)

Depending on the location of the party, you can record a local or interstate nil rated purchase transaction.

2. Purchase Transactions of EXEMPTED Goods and Service in Tally.ERP9

The purchase of EXEMPTED Goods from a Local or Interstate Supplier does not attract GST, and can be recorded using a purchase voucher.

In the ledger masters of the goods or services classified as EXEMPTED (0%),Taxability should be set to EXEMPTED in the GST Details screen.

Example :

Purchase following EXEMPTED Goods from Aditya Sales

(i) Rice 200 kgs @ Rs.30

(ii) Dal 100 Kgs @ Rs.60

(iii) Wheat 500 Kg. @ Rs.25

Step-1 : CreatIng EXEMPT Purchase Ledger in Tally.ERP9 as below :

Creating Exempt Purchase Ledger in TallyERP9
(Fig-137)

 

Step-2 : (Alternatively) Creating EXEMPTED Items and Goods in Tally.ERP9 as below :

Creating EXEMPTED Items and Goods in Tally.ERP9
(Fig-138)

>> Similary...Orage and Graves can be created with Nil Rated as above !

Step-3 : Exempted Purchase Voucher in Tally.ERP9

  • Go to Gateway of Tally > Accounting Vouchers > F9: Purchases .
  • Enter the following Exempted Purchase Voucher as per given Example ...

Exempted Purchase Voucher Entry in TallyERP9
(Fig-139)

Depending on the location of the party, you can record a local or interstate nil rated purchase transaction.

3. Purchase of Works Contract Services under GST in Tally.ERP9

Works contract, by definition, is an agreement to carry out for cash, deferred payment, or other valuable consideration - building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property.

Under GST, works contract purely as a service and GST rate has been fixed at 18%.

Under the GST Regime , input tax credit is not available for works contract services when supplied for construction of immovable property (excluding plant and machinery), except that contractor can avail the ITC in respect of services availed from the sub-contractor.

You can record a material out/delivery note voucher if you have sent material to works contractor. Then record a purchase invoice when you receive the service. Under GST you need to report only the purchase invoice for works contract.

Create a Purchase Ledger (i.e. Fabrication) for Purchase of Works Contract Services under GST in Tally.ERP9

Ensure the purchase ledger has details as shown below:

Creation of Work Contract Service with GST Rate  in TallyERP9
(Fig-141)

1.  Go to Gateway of Tally > Accounting Vouchers > F9: Purchase .

Purchase of Works Contract Services invoice in TallyERP9
(Fig-140)

Supplier invoice no.: Displays the sales invoice no. of the supplying party.

Date: Displays the date on which the sales invoice was passed by the supplier.

2.  In Party A/c name , select the supplier's ledger.

3.  Select the purchase ledger and enter the amount.

4.  Select the GST ledgers (central and state, or integrated) based on the state selected for the supplier ledger.

You can view the tax details by clicking : Tax Analysis . Click F1 : Detailed to view the tax break-up.

Tax Analysis Report of Work Contract Services Voucher in TallyERP9
(Fig-142)

4. Purchase Voucher for Services Attracting GST and TDS in Tally.ERP9

You can record a purchase voucher for services that attract GST and TDS which requres the following Steps.

( Frist enable TDS option to Yes in F11: Features under F3: Statutory with all requierd informations )

Step-1 : Create Purchase Ledger for TDS and GST

Step-2 : Create Party Ledger for TDS

Step-3 : Create Tax Ledgers TDS, Cetral Tax, State Tax ( under Duties and Taxes)

Step-1 : Creating Purchase Ledger for TDS and GST both in Tally.ERP9.

(Fig-143)

Step-2 : Creating Party Ledger for TDS in Tally.ERP9.

Creating Party Ledger for Purchase of Services Attracting GST and TDS in Tally.ERP9
(Fig-144)

Step-3 : Creating TDS Leger in Tally.ERP9 ( Also create Central Tax and State Tax)

Creating TDS Ledger for Work Contract Services in TallyERP9

(Fig-145)

Step-4 : Record Purchase Voucher for Services Attracting GST and TDS in Tally.ERP9

Record Purchase Voucher for Services Attracting GST and TDS in TallyERP9
(Fig-146)

 
GST Reverse Charge on Advance Payment to Supplier against Purchase in Tally.ERP9 GST Using Tally.ERP9 GST Sales in Tally.ERP9 - Nil Rated, Exempt, Sales involves Consignee and Buyer, Works Contract Service


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