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Saturday, July 21, 2018
gst new rules w.e.f.27 july 2018

gst new rules w.e.f.27 july 2018


GST COUNCIL 28th MEETING (21.07.2018)  HIGHLIGHTS  w.e.f: 27.07.2018

> lower rates for over 3 dozen items 
> Decision to cut rates on several general-use items like TV, washing machines and refrigerators. It set to get cheaper 
> Simpler returns filing process approved
> Turnover Of up to 5 cr taxpayers to file Quarterly returns.
> Turnover of 5 cr & above taxpayers to file Monthly returns.
> Tax on bamboo flooring reduced to 12%
> 17 Items out of 28% GST slab
> Stone, Marble and wood deities get GST exemption
> Coir-compost, sal leaves, a raw material for broom 100% exempted
> Knitted caps or otherwise below 1000 brought down to 5%
> GST Rates cut to 18% for special purpose vehicles, work truck, trailers from 28%
> GST Rates cut for mixer, juicer, vacuum cleaner, grinder to 18% from 28%
> No decision was taken on sugar cess
> Sanitary napkins, small handicraft items and rakhis exempted from GST
> Council has approved rate reduction for several items in 28 slab





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gst bank receipt entry in tally - lesson 25

gst bank receipt entry in tally - lesson 25



GST TALLY LESSON-25

Dt: 01.12.2017:  VASU & CO Received Rs.52,080/ Cheque (HDFC Bank, Cheque No: 000021) from  SUNIL COMPUTER SERVICES  against bill No: 1 (Balance Amount) & 7 

There are two ways to enter receipt voucher in tally.

Method-1 
> From Gateway of Tally Select Display > Account Books > Ledger 
> Select SUNIL COMPUTER SERVICES
> From right side panel Select B: Bill-wise
> Select Bill No 1 & 7 (Use the Space key to select bills) 
> Tally shows total amount for selected bills. i.e: 52,080
> From right side panel click on B:Bill Settlement
> Enter Voucher Date: 01.12.2017
> Account: Select AXIS CURRENT A/C
> Enter Narration and Press Enter
> Press Enter and Enter
> In the Bank Details Window, Enter Cheque Date, No, Bank Name etc.
Hint: Press F12: Configure Button from Right Side panel to alter bank options.
> Press Ctrl+A to save receipt entry.

Method-2
> From Gateway of Tally Select Accounting Vouchers > F6: Receipt
> Press F2 and Enter Date: 01.12.2017
> Account: Select AXIS CURRENT A/C
> Particulars: Select SUNIL COMPUTER SERVICES
> Enter Received Cheque Amount: 52080
> In the Bill wise Details, Slect Agst Ref and select Bill Numbers (i.e: 1 & 7)
> In the Bank Details Window, Enter Cheque Date, Cheque No, Bank Name etc.
Hint: Press F12: Configure Button from Right Side panel to alter bank options.
> Enter Narration and Press Ctrl+A to save Receipt Voucher.

receipt voucher entry in tally
How to Enter Bank Receipt voucher in tally




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