Thursday, October 26, 2017

how to enter gst purchsae transactions in tally


GST PURCHASES TRANSACTION ENTRY IN TALLY

(EXAMPLE-1)

Dt: 01.10.2017:  One Lenovo Laptop purchased from M/s.Prakash Distributors  @ 24,000 + GST 18%   (CGST 9% + SGST 9 %)  vide Invoice No: 008/2017-18.

STEP-1:

For the above transaction, you need to first create the following Ledgers, Stock Groups, Stock Items and Units of Measures.

1) Sundry Creditors Ledger (Eg: Prakash Distributors Ledger)

Follow STEP-2 after completed the creation of all above Ledgers, Stocks Groups, Items and Units of Measure.

STEP-2

> From Gateway of Tally Select Accounting Vouchers
Shortcut Key V

> From Leftside Panel Click on F9: Purchase
Shortcut Key F9

In the Accounting Voucher Creation Window fill the following information.

> From Left side panel Click on F2: Date and Enter Invoice Date: i.e: 01.10.2017

Shortcut Key F2

> Enter Supplier invoice no & Date: 

> Party A/c name: Select: Prakash Distributors and click on enter

Check and Enter Supplier's Details (Supplier Name, Address, Country, State & GST No) and Press Ctrl+A to save Supplier details.
Hint: You Can edit Supplier Details.
Note: Edited details not reflected in original Supplier Ledger. This Edited detail is only affected in this Purchase transactions.

> Purchase ledger: Select GST PURCHASE
> Name of Item: Select LENOVO LAPTOPS 
> Quantity: Enter 1
> Rate: Enter 24000
> Click Enter four Times
> Select: CGST  (Tally will display CGST Amount based on Stock Item)
> Select: SGST  (Tally will display SGST Amount based on Stock Item)

Important Point: Your Business Location In Telangana and you have purchased goods in Telangana, so select CGST and SGST. Select IGST if you purchased goods in another state.
Note: Just verify CGST and SGST Amounts.

Narration: Enter narration for your future reference. (Eg: goods received date, Courier Name & Ref number etc.,)

> Click on Enter/Ctrl+A to save to the Transaction.



Date
Particulars
Vch No.
Debit Amount
Credit Amount
01/10/2017
PRAKASH DISTRIBUTORS
1
28,320
   GST PURCHASES
24,000
   CGST
2,160
   SGST
2,160
Total
28,320
28,320


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