gst tutorial in tally lesson 7

VASU & CO PURCHASES

Dt: 18.10.2017:  Purchased Two LG MOBILES  @ 9,000 + GST 12%   (CGST 6% + SGST 6%)  & One MI Mobiles @ 8,000 + GST 12%   (CGST 6% + SGST 6%)   from M/s.Prakash Distributors  vide Invoice No: 48/2017-18.

In the Lesson-1 to 6 you already created ledgers, Group, Units of Measure and Stock Item. In addition you have to create the following Stock items for Lesson-7

Create Stock Items

• LG MOBILES (Under Group MOBILES)
• MI MOBILES (Under Group MOBILES)

HSN CODE: 85171210
GST RATE: 12%

Purchase Transactions Entry

> From Gateway of Tally Select Accounting Vouchers > F9: Purchases
> Enter Supplier Invoice No and Date (Invoice No: 48/2017-18, Dt: 18.10.2017)
> Party A/c name: Select: PRAKASH DISTRIBUTORS
> Purchase ledger: Select GST PURCHASES
> Name of Item: Select: LG MOBILES 
> Quantity: Enter 2
> Rate: Enter 9000
> Click Enter Two Times
> Name of Item: Select: MI MOBILES
> Quantity: Enter 1
> Rate: Enter 8000
> Click Enter Three Times
> Select: CGST  & CGST
> Click on Enter/Ctrl+A to save the Purchase Transaction.

VASU & CO SALES

Dt:20.10.2017: Sold Two LG MOBILE @ 11,000 + GST 12%   (CGST 6% + SGST 6 %)  & One MI Mobile @ 10,000 + GST 12% (CGST 6% + SGST 6%)  to M/s.SUNIL COMPUTER SERVICES (GST Dealer) Vide Invoice No: 8

Sales Transactions Entry

> From Gateway of Tally Select Accounting Vouchers -> F8: Sales
> Party A/c name: Select SUNIL COMPUTER SERVICES
> Sales ledger: Select GST SALES
> Name of Item: Select LG MOBILES
> Quantity: Enter 2
> Rate: Enter 11000
> Enter Two Times
> Name of Item: Select MI MOBILES
> Quantity: Enter 1
> Rate: Enter 10000
> Enter Three Times
> Select: CGST & SGST