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Change in Assessable Values of Purchases and Sales in GST using Debit or Credit Note in TallyERP9

You can account for any change in consideration, including increase or decrease in purchase and sale price, with GST in debit or credit note.

(A) : Increase in Purchase Price in GST using Credit Note in Tally.ERP9

To record an increase in assessable value for purchase :

1.  Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8 (Credit Note) .

2.  Press Ctrl+V for voucher mode.

Increase in Purchase Price in GST using Credit Note in Tally.ERP9
(Fig-184)

3.  Enter the Original invoice no. and Original invoice Dt. of the purchase against which you are recording the increase in assessable value.

4.  Credit the party ledger from whom the original purchase was made, and enter the amount including GST.

5.  Debit the purchase ledger.

6.  Select the stock item against which the increase is being recorded. Enter only the increase in assessable value without the quantity, as only the differential amount has to be paid.

7.  Debit the tax ledgers.

8.  Press Enter to save.

(B) : Increase in Sale Price in GST using Debit Note in Tally.ERP9

1.  Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9 (Debit Note).

2.  Press Ctrl+V for voucher mode.

Increase of Sales Value in GST using Debit Note in TallyERP9
(Fig-185)

3.  Enter the Original invoice no. and Original invoice Dt. of the sale against which you are recording the increase in assessable value.

4.  Debit the party ledger to whom the original sale was made, and enter the amount including GST.

5.  Credit the sales ledger.

6.  Select the stock item against which the increase is being recorded. Enter only the increase in assessable value without the quantity, as only the differential amount has to be charged.

7.  credit the tax ledgers.

8.  Press Enter to save.

(C) : Decrease in Purchase Price in GST using Debit Note in Tally.ERP9

In this situation Debit Note is recorded as Item Invoice but without Quanity ( only Value has to be mentioned)

1.  Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9 (Debit Note) .

Debit Note towards Decrease in Purchase Price in GST  in TallyERP9
(Fig-186)

2.  Enter the Original invoice no. and Original invoice Dt. of the purchase against which you are recording the decrease in assessable value.

3.  Select the Party’s A/c Name , party from whom the original purchase was made.

4.  Select the stock item and enter only the Amount .

5.  Select the tax ledgers.

6.  Press Enter to save.

(D) : Decrease in Sales Price in GST using Credit Note in Tally.ERP9

In this situation Credit Note is recorded as Item Invoice but without Quanity ( only Value has to be mentioned)

1.  Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8 (Credit Note) .

Credit Note towards Decrease in Sales Price in GST in Tally.ERP9
(Fig-187)

2.  Enter the Original invoice no. and Original invoice Dt. of the sale against which you are recording the decrease in assessable value.

3.  Select the Party’s A/c Name , party to whom the original sale was made.

4.  Select the stock item and enter only the Amount .

5.  Select the tax ledgers.

6.  Press Enter to save.

Purchase Return (Debit Note) under GST in Tally.ERP9 GST Using Tally.ERP9 Sale of Fixed Assets under GST in TallyERP9


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