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You can enable the TDS (Tax Deducted at Source) feature in Tally.ERP 9, provide TDS details, record TDS related transactions and generate the required TDS Reports and TDS Returns. 1. Enabling TDS in TallyERP9 1.            Go to Gateway of Tally > F11: Features > Statutory & Taxation 2.            Set Enable Tax Deducted at Source (TDS) to Yes in the Company Operations Alteration screen as below : 3.            Enable …

TallyERP9 Tutorial Part-25: TDS (Tax Deducted At Source) Read More »

Cost Centre A cost centre is any unit of an organisation to which transactions (generally, revenue) can be allocated. When only costs or expenses are allocated to these units, they are referred to as Cost Centres.  Transactions are allocated to cost centres. This enables accounting all transactions for that particular cost centre.  You can view …

TallyERP9 Tutorial Part-24: Cost Centre and Cost Category Read More »

1. Price Levels in Tally.ERP9 In Tally.ERP 9, you can create different Price Levels and assign different Price Lists to these Price Levels. For example, you can create Wholesaler, Corporate and Retail as Price Levels and assign applicable Price Lists to these Price levels, as per your requirements, so that only the relevant prices and …

TallyERP9 Tutorial Part-23: Price Levels & Price List Read More »

A Bill of Materials is a list of constituent items along with quantity details that can be allotted for the manufacture of a  certain product, by-product or likewise. This facilitates immediate reduction in stock of the item automatically. This process of listing the items that make up another item is made possible in Tally by enabling the …

TallyERP9 Tutorial Part-22: Bill of Materials (BoM) Read More »

In your business, if you are following the process of raising a sales order for each sales transaction, you can do the same in Tally.ERP 9. You can record a sales order, raise a delivery note and link it to this order, and then link them to the sales invoice. You can use the reports …

TallyERP9 Tutorial Part-21: Sales Order Processing Read More »

When the order is placed with the suppliers for the supply of goods, the items, quantities, date of receipt, and so on, details are given with the Purchase Order Number. Later, when these goods are received, the Purchase Order is tracked for the Order Details either in the receipt note or in the purchase Invoice. The Outstanding …

TallyERP9 Tutorial Part-20: Purchase Order Processing Read More »

1.  GST on Advance Received from Customer if Turnover is more than Rs. 1.5 Crores You need to pay GST for any advance received from Customer for supply of goods or services, if the supply is not fulfilled in the same period. Provided the Turnover of your business is over and above Rs. 1.5 Crores. When …

TallyERP9 Tutorial Part-19: GST on Advance Received from Customer Read More »

Reverse Charge Mechanism (RCM) is the process of payment of GST by the receiver instead of the supplier. In this case, the liability of tax payment is transferred to the recipient/receiver instead of the supplier. But the limit is Rs.5000 per day. Therefore if a total purchase of less than Rs. 5,000 is made in one day from …

TallyERP9 Tutorial Part-18:GST on Reverse Charge Mechanism (RCM) Read More »

Effective from 1st April 2018, all registered dealers need to generate e-Way Bill for the movement of goods if the total of taxable value and tax amount in the invoice exceeds Rs. 50,000. Tally.ERP 9 supports the latest e-Way Bill JSON Preparation Tool. In Tally.ERP 9, you can enter e-Way Bill details only when such transactions …

TallyERP9 Tutorial Part-17: e-Way Bill using TallyERP9 Read More »

The GST Annual Computation GSTR-9 Report provides you with a brief view of business transactions recorded during the financial year.  The Tax Liability and Input Credit from all the vouchers included in the annual computation is displayed here along HSN/SAC details for outward and inward supplies. How does this Annual Computation Report help in Filing Annual Returns GSTR-9 ? …

TallyERP9 Tutorial Part-16: GSTR-9: GST Annual Computation Report Read More »