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GST Sales in Tally.ERP9 - Nil Rated, Exempted, Sales involves Consignee and Buyer, Works Contract Service

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

  1. Nil Rated Sale of Goods and Services,
  2. Exempted Sales of Goods and Services,
  3. Sale of Works Contract Services
  4. Sale of Goods and Services to Consignee and Buyer

1. NIL Rated Sale of Goods and Service in Tally.ERP9

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

Sale following Goods of Nil Rated to Balasore Alloys Ltd.

(i) Apple 50 kgs @ Rs.110

(ii) Orange 80 Kgs @ Rs.60

(iii) Grave 10 Box @ Rs.250

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

CreatIng Nil Rated Sale Ledger in Tally.ERP9
(Fig-147)

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 Sales Voucher in Tally.ERP9

  • Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
  • Enter the following Nil Rated Sales Voucher as per given Example ...

Record of Nil Rated Sales Voucher in Tally.ERP9
(Fig-148)

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

2. EXEMPTED Sales of Goods and Service in Tally.ERP9

The Sales of EXEMPTED Goods to a Local or Interstate Customer does not attract GST, and can be recorded using a Sales 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 :

Sale following EXEMPTED Goods from Aditya Sales

(i) Rice 200 kgs @ Rs.50

(ii) Dal 100 Kgs @ Rs.80

(iii) Wheat 500 Kg. @ Rs.30

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

Creation of Exempted Sales Ledger in TallyERP9
(Fig-149)

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 Sales Voucher in Tally.ERP9

  • Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
  • Enter the following Exempted Sales Voucher as per given Example ...

Record Exempted Sales Voucher in TallyERP9
(Fig-150)

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

3. Sales 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 in/receipt note voucher if you have received the material from works contractor. Then record a sales invoice when you render the service. Under GST you need to report only the sales invoice for works contract.

Create a Sales Ledger (i.e. Renovation) for Sale of Works Contract Services under GST in Tally.ERP9

Ensure the Sales ledger has details as shown below:

Creation a Sales Ledger for Sale of Works Contract Services under GST in TallyERP9
(Fig-151)

1.  Go to Gateway of Tally > Accounting Vouchers > F8: Sales .

Sales Voucher of Works Contract Services under GST in TallyERP9
(Fig-152)

2.  In Party A/c name , select the customer ledger.

3.  Select the sales ledger and enter the amount.

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

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

Tax Analysis of Sales Voucher for Works Contract Services in TallyERP9
(Fig-153)

4. GST Sales involves Consignee (Ship To) and Buyer (Bill To) in Tally.ERP9

In Tally.ERP 9, you can record GST sales where a consignee and a buyer are involved. Here, the goods are sent to the consignee, and the bill is sent to the buyer.

Note : In this case, GST calculation depends only on the location of the buyer, and not the consignee.

♦  If the buyer is located in the same state: Central tax and state tax are applicable.

♦  If the buyer is located in a different state: Integrated tax is applicable.

To add buyer and consignee details in the same invoice, enable the following options:

  • Go to F11: Features > F1 : Accounting Features , and enable the option Maintain multiple mailing details for company and ledgers?
    F11-Featuers of Consignee and Buyer in TallyERP9
    (Fig-154)
  • Press F12 on the sales invoice, and enable the option Allow separate buyers and consignee names?
    F12: Configure of Sales Voucher for Consignee and Buyer in TallyERP9
    (Fig-155)
  • To record GST sales involving a consignee and a buyer

1.  Go to Gateway of Tally > Accounting Vouchers > F8: Sales .

GST Sales Invoice to Consignee (Ship To) and Buyer (Bill To) in TallyERP9
(Fig-156)

2.  In Party A/c name , select the buyer, and enter the relevant details in the Party Details screen.

o  In Consignee , click Alt+M to select the consignee ledger.

Selection of Consignee and Buyer Address  in GST Sales involves Consignee (Ship To) and Buyer (Bill To) in TallyERP9
(Fig-157)

3.  Select the sales ledger.

4.  Select the required items, and specify the quantities and rates.

5.  Select the relevant GST ledgers (state tax and central tax for local buyer; integrated tax for interstate buyer).

6.  Press Alt+P to print the invoice. The consignee and buyer details appear as shown below:

Print Preview of GST Sales involves Consignee (Ship To) and Buyer (Bill To) in TallyERP9
(Fig-158)

Note: Set the option Print Address in a continuous line? to Yes if the address is lengthy to print it clearly.

 
GST Purchases in Tally.ERP9 - Nil Rated, Exempt, Purchases wtih GST and TDS , Works Contract Service GST Using Tally.ERP9 Sale of Mixed & Composite Supplies under GST in Tally.ERP9


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