Tally.ERP 9 tutorials http://www.tallyerp9tutorials.com Wed, 13 Mar 2019 13:16:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.2 How to enter composite sale (supply) under gst in tally erp 9 ? http://www.tallyerp9tutorials.com/taxation/gst-tally/enter-composite-sale-supply-gst-tally-erp-9/ http://www.tallyerp9tutorials.com/taxation/gst-tally/enter-composite-sale-supply-gst-tally-erp-9/#respond Wed, 28 Feb 2018 17:34:52 +0000 http://www.tallyerp9tutorials.com/?p=4098   In normal course business we sells goods and service as a combination or bundle.Such as combination of goods or combination of services or combination of both goods and services as part of the primary goods. For example A Insurance policy is selling along with a Two wheeler. Here primary or predominant  part of sale…

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In normal course business we sells goods and service as a combination or bundle.Such as combination of goods or combination of services or combination of both goods and services as part of the primary goods. For example A Insurance policy is selling along with a Two wheeler. Here primary or predominant  part of sale is Two wheeler Secondary or ancillary part is Insurance service. These Kind of naturally bundled sale is called composite sale  or composite supply as per GST rule. The primary part of this kind of sale is called Principal supply and the

How to find out the tax rate of Composite sale?

As per GST law, each and every taxable products and service has its own rate. But in the case of a composite sale we sell more than goods/services as a part of principal supply ,In single bill we sell different product and services or its combinations.Hence the rate of principal supply is applicable to all products and services in a composite sale bill. So to fix the tax rate of composite sale you must know the principle supply. As per GST rule section 2(90) of CGST Act defines principle supply as the supply which constitutes the predominant element of composite supply and to which any other supply forming a part of that composite supply is ancillary”.  But if you are finding difficulty to find out the principal supply you can bill each products or services in a different invoice.

Composite supply in Tally ERP 9

Earlier we had a detailed tutorial on GST sale entry.  We recommend to read this post to get an idea about how to enter gst sale voucher in tally erp 9.  In this tutorial we describe how to enter composite supply or composite sale under gst.

Example : ABC Ltd sells the following items to SLV Constructions along with Transportation charges.

1000 No TMT Steel Rebar 12MM @ 400/No

300 Bundles Steel footing 1.45 m 12 MM @  Rs 1450 Bundles.

Transportation Charges Rs 3000.00

Follow the below steps as described in our previous post GST Sale voucher entry

  1. Activate GST in Tally ERP 9
  2. Create Sales Ledger for GST
  3. Create Party Ledger for GST
  4. Create the GST tax ledger CGST, SGST & IGST
  5. Create Stock item for GST
  6. Set GST rates & HSN SAC Codes
  7. Create a service ledger transportation for composite supply, This is the secondary supply or ancillary supply ledger to participate in the composite sale or supply.

How to create secondary supply service ledger for composite supply.

Go to Gateway of Tally > Accounts Info. > Ledgers > Create .Transportation ledger creation

Name: Transportation charges

Under: Indirect Expense.

Is GST Applicable? – Not Applicable .  A new option will appear “Include in assessable value calculation “.

Include in assessable value calculation for  : GST .

Appropriate to : Goods (If the principal supply is goods then select goods here,If the principal supply is service then select service.

4. Press Ctrl+A to accept.

Now we are ready to enter the composite supply in tally erp 9.

How to enter composite Supply /Sale ?

  • Go to Gateway of Tally> Accounting Voucher > F8 Sales
  • Select the date of voucher entry by pressing F2 Date
  • Party A/c Name:  SLV Constructions.
  • Sales Ledger: Select the sales ledger you want to post the transaction.
  • Enter name of items, rate ,amount & enter twice
  • Now select Transportation charges, TAx ledger ,for local sale CGST & SGST and for interstate sale IGST Ledger.
  • The final sale voucher of composite supply look like this.

sale voucher of composite supply

Press enter key to save the composite sale voucher.

View GST details from sale voucher

You can get the gst tax details from sale voucher by pressing shortcut key ALT+A,  (: Tax Analysis)

Now click detailed button or ALT+F1 to get the detailed tax analysis report as shown below.

Detailed tax analysis of composite supply

Hope you got how to enter a composite supply sale voucher in tally erp 9.

 

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How to create party ledger (sundry debtors & crditors) for GST? http://www.tallyerp9tutorials.com/taxation/gst-tally/create-party-ledger-sundry-debtors-creditors-gst/ http://www.tallyerp9tutorials.com/taxation/gst-tally/create-party-ledger-sundry-debtors-creditors-gst/#respond Wed, 28 Feb 2018 16:20:20 +0000 http://www.tallyerp9tutorials.com/?p=4100 You can create party ledgers with whom you purchase and sell goods and services, with the GST registration details. From Release 6.3.2, you can set GST rates in the ledger grouped under non-revenue accounts, for example, Current Assets and Current Liabilities . If you have created the party ledgers under groups other than Sundry debtors, Sundry creditors, Bank, Cash,…

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You can create party ledgers with whom you purchase and sell goods and services, with the GST registration details.

From Release 6.3.2, you can set GST rates in the ledger grouped under non-revenue accounts, for example, Current Assets and Current Liabilities . If you have created the party ledgers under groups other than Sundry debtors, Sundry creditors, Bank, Cash, and Branch/divisions:

● Open the ledger in alteration mode.

● Set the option Is GST Applicable? to Not Applicable , to consider it as a party ledger.

● Accept the ledger.

Supplier Ledger

To create a supplier ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the supplier’s ledger.

3. Select Sundry Creditors from the List of Groups in the Under field.

4. Set the option Maintain balances bill-by-bill? to Yes .

5. Enter the Default credit period , if any.

6. Set the option Inventory values are affected? to Yes , if required.

7. Enable the option Set/Alter GST Details? to open the GST Details screen.

o Select the relevant Registration Type from the List of registration Types .

o Set the option Assessee of Other Territory? to Yes if the party is belongs to Exclusive Economic Zone (other territory).

o Enter the 15-digit GSTIN or UIN issued by the tax authority.

o If the supplier is an e-commerce operator, then enable the option Behave as e-Commerce Operator?

The GST Details screen appears as shown below:

GST Party details

Press Ctrl+A to accept.

The Ledger Creation screen appears as shown below:

supplier ledger creation screen

Customer Ledger

To create a customer ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the customer’s ledger.

3. Select Sundry Debtors from the List of Groups in the Under field.

4. Set the option Maintain balances bill-by-bill? to Yes .

5. Enter the Default credit period , if any.

6. Enable the option Set/Alter GST Details? to open the GST Details screen.

  •  Select the relevant Registration Type from the List of registration Types .
  •  Set the option Assessee of Other Territory? to Yes if the party is belongs to Exclusive Economic Zone (other territory).
  •  Enter the 15-digit GSTIN or UIN issued by the tax authority.
  • If the supplier is an e-commerce operator, then enable the option Behave as e-COmmerce Operator?

The GST Details screen appears as shown below:

GST Details of customer

  • Press Ctrl+A to accept.

The Ledger Creation screen appears as shown below:

Sundry Debtor Creation for gst

 

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GST Composition accounting & create bill of supply in tally erp9 http://www.tallyerp9tutorials.com/taxation/gst-tally/create-bill-supply-composition-scheme-gst-tally-erp-9/ http://www.tallyerp9tutorials.com/taxation/gst-tally/create-bill-supply-composition-scheme-gst-tally-erp-9/#comments Wed, 14 Feb 2018 04:34:18 +0000 http://www.tallyerp9tutorials.com/?p=4072 Composition scheme is the tax payment scheme introduced by GST council in order to reduce the tax burden of small business owners with the annual turnover of less than 1 (one) crore. ( In north  eastern states and Himachal pradesh limit is less; it is 75 lakhs) By implementing composition scheme government  expect minimal evasion…

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Composition scheme is the tax payment scheme introduced by GST council in order to reduce the tax burden of small business owners with the annual turnover of less than 1 (one) crore. ( In north  eastern states and Himachal pradesh limit is less; it is 75 lakhs) By implementing composition scheme government  expect minimal evasion of tax.  How ever there are lots of disadvantages for business choosing this scheme. The business cannot eligible to avail Input tax credit, cannot trade out of state,and he cannot sell exempt goods.Service providers are not eligible for this scheme. A composition dealer is liable for the payment of tax under reverse charge at normal rate of supplies. He is not eligible for input tax credit against the tax paid In this chapter we will learn

  • How to create composition company  in tally
  • GST composition ledger creation
  • GST composition entries in tally erp 9

Tax rates for composition scheme

For manufacturer’s and traders of goods Total 1 %  Central tax 0.5 % and State tax 0.5%

For Restaurants not serving alcohol Total 5% Central tax 2.5% and state tax 2.5%

Returns to be submitted by  Composition Scheme opted dealers.

GSTR-4 is the return to be submitted by the composition dealer.This is the quarterly return, The date of quarterly return submission is the next month 18th of ending the quarter. Also GSTR-9A is the annual return to be submitted by a composite dealer.The last date of filing annual return is the 31 December of next financial year.

Invoice of Composition scheme or bill of supply

The composition dealers are not allowed to collect tax in the invoice. To identify the invoice of composite dealer.Department has given a separate name called ‘bill of supply’ Also mention ‘Composite Dealer Not Eligible to Collect Tax‘ as sub heading.

Use tally for composition dealer

Tally provides two options for GST Accounting .One is regular and the second one is composition.In earlier version you cannot find composition accounting option. From Tally ERP 9, release 6.4 you will find gst composition. You need to keep the track of total turnover you achieved during the year. Once you crossed the turnover 1.5 crore,The registration type automatically changed to Regular and you can charge tax in the invoice and can avail Input tax credit.

Activate Composition scheme in tally erp 9

To activate composition scheme go to

F11 Features>F3 Statutory&taxation

Enable goods and service tax (GST): Yes

Set/alter GST details: Yes

In the GST details screen fill as shown below

Activate gst composition scheme

Press enter key and save all screens.

By enabling the option “Enable tax rate for purchase“: will help you to enter tax rate in the service ledgers and stock items for calculating tax. This will help you in calculating reverse charge during certain purchases and there are taxes in the invoices of purchase from a regular dealer, you can input all those along with purchase amount.

Creating Stock items and ledgers for GST composition

Stock item creation for composition scheme

Gateway of tally>Inventory info>stock item>Create

GST Composition scheme stock item creation

Set/alter GST Details to enter gst rates for purchase entry .

GST Details for composition stock item

If not all the options mentioned above is

Note:The rate entered is only meant for auto calculating the tax in the purchase voucher, This rate will not be applicable when you are entering Composition sale entry.

Select the tax ability as Taxable if it is taxable under GST or Exempt or Nil rated as applicable in GST Rule.

Create Suppliers Ledger for composition dealer accounting in tally erp 9

A composition dealer can purchase from

  1. Local composition dealer.
  2. Local Registered dealer.
  3. Interstate registered dealer.
  4. Local  & Interstate unregistered dealer.

Supplier ledger creation local composition

local composition supplier

In the same manner, for creating

Local registered dealer

The Registration type should be selected regular, state should be the same state of your gst registration.

Interstate registered dealer

Registration type , regular & state should be selected other than the state of your business registered in GST.

Local Unregistered dealer 

Registration type : Unregistered , & state same state of your company.

Sales ledger creation for composition dealer

To create sales ledger go to

Gateway of Tally>Accounts Info>Ledger Create

Do as in the screen shot below

Is GST Applicable: Yes

Set/alter GST Details:Yes

Taxability :Select taxable ,Exempt,Nil Rated.

Purchase Ledger creation for composition dealer

To creating Purchase ledger

Gateway of Tally>Accounts Info>Ledger Create

  1. The tax rate set in this ledger will be used for the auto calculation of purchase tax purchased from registered regular dealers ( accounted as expense in composition scheme) and
  2. Calculating tax for reverse charge purchase tax payable to government.

Create purchase ledger for composition scheme

Is GST Applicable: Applicable

Set/alter gst details: Yes

Select taxability

Enter integrated tax and save.

Create Party Ledger,  customer ledger for Composition dealer

A composition dealer can make sale to

  1. Local Composition dealer.
  2. Local Registered dealer.
  3. Local Unregistered dealer.

Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

To create Local Registered customer

local registered customer

Creating Local un registered customer ledger

The registration type shall be : Un registered, the state must be the same state of your company registered.

Creating local composition dealer customer ledger

Registration type: Composition  , State: Same state of your business.

Select the registration type of party & enter GSTIN/UIN

Create GST Tax ledger for Composition

As in composition scheme you cannot collect tax in the invoice and at the same time you are not allowed to take input tax credit.Hence Tax paid at the time of purchase treated as expense. As it is an addition to purchase we can put this tax under Direct expense.

To create GST tax ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

Create tax ledger for composition scheme

Make sure that you put the tax ledger under direct expense

Appropriate tax values in purchase invoice: Yes, This will add the tax amount along with purchase  in profit and loss account.

Enter Key and save

Similarly Create CGST & IGST ledgers.

Create expense or income ledger for GST composition

Some times we may need to add some expenses like transportation, packing charges in the invoices that forms the part of the item or service value.

To create Expense or income ledger 

Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

Expense ledger for gst

Type of ledger:  Not Applicable

Is GST Applicable: Not Applicable

Include in assessable value calculation for : GST.

 Appropriate to:

  • Goods, for additional expenses or incomes on goods.
  • Services, for additional expenses or incomes on services.

Press enter and save the screen.

Discount Ledgers for stock item and services for composition

Some times we may sell or buy goods or services with discount in invoice.The discount may given based on quantity or value or both. Let’s see how to create a discount ledger for goods.

Discount ledger creation  for stock item for composition accounting

Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

GST Composition stock item

In the under field select direct expense or indirect expense if you want to allow discount in the sales invoice and select direct income or indirect income if you want to enter discount in the purchase invoice.

Type: of ledger: Discount

Press enter key to save the screen.

Discount ledger creation of services for composition dealer

Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

Discount edger for service composition

select indirect expense or income in the under field

Make sure that TYPE OF LEDGER is selected Not Applicable.

Is GST applicable: Not applicable.

Include in assessable Value calculation for :GST

Appropriate to :Services.

Press enter and save the screen

How to Pass sales transactions under composition scheme

Composite dealers are allowed to sell within the state they are registered. Cannot make any interstate sale.Composite dealer is not allowed to collect the tax in the invoice. They can sell Local Unregistered, local registered, local composition  & to end customers.All the sales transactions are passed in the same way.

Sale to local Registered dealer.

When a GST composition dealer is selling goods to local registered dealer, No tax can be charged to the bill,he cannot issue a tax invoice and can only issue bill of supply.Let’s take the following example of sale entry .

Sold 10 No Aluminium ladder @ 4425/no ,Discount allowed is 4250

To pass composite sale entry  go to

Gateway of Tally>Accounting Vouchers>F8 Sales

Party A/c Name: Enter party name ( sundry debtor) local registered dealer ledger here.

Sales Ledger: Select the ledger created for composition.

Select stock item,,enter quantity,rate.

For providing discount,enter twice ,select discount ledger created;and  in the amount column  type (-) amount for example -2250.

sale to a local registered dealer

Press enter and save.

How to print bill of supply & change the title and sub title of invoice

After saving sales voucher

  1. Press Alt + P to open the print screen.
  2. print dialogue box
  3. Click F12: Configure.
  4. Bill of Supply will display automatically, and enter Composite Dealer Not Eligible to Collect Tax in the field Sub Title (if any), as shown below:

bill of supply title changing

4.Change any other details if you want in the configuration screen and save the configuration by pressing enter or shortcut key Ctrl+A.

Now you will back to print dialogue box, press enter or click on Yes,The composition invoice will have started printed.

bill of supply for composition dealer

Sale to local unregistered dealer

Sale to unregistered dealer is just similar to the above, no need to input any tax details.

sale to local unregistered

Sale to local composition dealer

This is also the same, here is an entry for your reference.

sale to local composition customer

How to enter Purchase Invoice of composition dealer.

As explained earlier let’s learn the purchase entry of composition dealer bought  goods and services from different types of suppliers of GST.

Purchase from local composition dealer

As you know, the composition dealer cannot charge any tax in the invoice.Hence purchase from a composition dealer is non taxable. Meaning no taxes are included in the purchase invoice. While entering invoice, you won’t need to include any tax ledger.See below example

50 Nos aluminium ladders are purchased from a local composition dealer @ 4000/ no

Accounting Voucher > F9 Purchase

Purchase from local composition dealer

Purchase from a local registered dealer

As you know purchase from a local registered dealer includes GST tax ledger like CGST & SGST. let’s enter this example .

Purchase 10 No Aluminium Ladder @ 3900 + 9 % CGST & 9 % SGST.

Aluminum Ladder   10  No      3900                      39000

SGST                          9 %                                              3510

CGST                          9%                                               3510

Total                                                                      46020

This purchase invoice can entered as follows.

purchase from local registered dealer

Purchase from interstate registered supplier.

When purchase from an interstate supplier ,IGST is charged in the taxable invoice. Let’s see how to enter this purchase by a composition dealer.

Here is the voucher of purchasing from interstate registered supplier.

purchase from interstate registered dealer

Purchase from Local Un registered dealer

Now that you have to enter a purchase from local un registered dealer. Unregistered dealer do not charge any tax in the invoice, But a composition dealer purchasing from unregistered dealer is attracting reverse charge ,That is purchasing a supply from unregistered dealer is liable to pay tax by the purchaser in the normal rate of supply.

In the stock item creation, you have activate the option

Set/alter GST details: Yes

In the GST Details screen.

Is reverse charge applicable: Yes

While making entry you don’t need to do any thing, just enter the purchase invoice without tax as shown below. The system will automatically detect that it is a reverse chargeable entry and displayed in the return.

Purchase from unregistered dealer

GSTR- 4 ,The composition dealer quarterly return.

GSTR-4 is the quarterly return of composition dealer, filed through GST Portal. In tally erp 9 you will Find GSTR-4 Report in

Display >Statutory Reports> GST> GSTR-4

GSTR-4 Report

You can file GSTR-4 Using tally erp 9. by exporting the report to json format.

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How to file File GSTR-1 using Tally ERP 9 http://www.tallyerp9tutorials.com/taxation/gst-tally/how-to-file-file-gstr-1-tally-erp-9/ http://www.tallyerp9tutorials.com/taxation/gst-tally/how-to-file-file-gstr-1-tally-erp-9/#respond Thu, 07 Dec 2017 11:26:47 +0000 http://www.tallyerp9tutorials.com/?p=3991 Every registered tax payer under GST regime selling taxable goods shall file GSTR-1 return through GST Portal. All the details of outward supply of goods shall be furnished through the GSTR-1 return.The businesses having turnover up to 1.5 crore can opt for a quarterly GSTR-1 return and business with more than one crore shall be…

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Every registered tax payer under GST regime selling taxable goods shall file GSTR-1 return through GST Portal. All the details of outward supply of goods shall be furnished through the GSTR-1 return.The businesses having turnover up to 1.5 crore can opt for a quarterly GSTR-1 return and business with more than one crore shall be filed monthly GSTR-1 return.  Filing GSTR-1 is mandatory to all registered tax payers making outward supply of goods and services even if there is no business in a month. When there is no sales Nil return shall be submitted by the dealer.  The due date for filing GSTR-1 return is on or before 10 of succeeding month. For example the return of June 2018 should be filed by 10th July.

GSTR-1 return filing using tally erp 9

Tally erp 9 has a report called GSTR-1 Report, by using which we can file GSTR-1 to GST Portal. GSTR-1 Report contains all outward supply data. like B2B Invoices, B2C invoices, Credit notes and debit notes, exempt and nil rated sales with its taxable value, state tax, central tax ,integrated tax mount,cess amount, Total Invoice Values etc. By using GSTR-1 Report in tally you can verify each vouchers, and can make corrections if required.

There are three options by using which you can file GSTR-1 Return using Tally ERP 9.

  1. The first one is Generating a JSON File using Tally ERP 9.
  2. By using an offline tool ( excel tool ) provided by GST portal
  3. You can File GSTR-1 Directly on GST Portal.

Watch below video to know more about GSTR1 Filing outward supplies.

 

Prerequisites for filing GSTR-1

For filing GSTR-1 Internet connectivity is a must for downloading Offline excel tool from GST Site and for uploading Json file generated from Tally ERP 9.

Microsoft Excel 2007 or later ,If you have older versions of Microsoft Excel, like 2003 or prior version please upgrade to Microsoft 2007 or later versions. This is required only if you are using the GST Offline Tool

Important Notes for Tax liability on advance receipts

As you all know,Businesses with less than 1.5 crores turnover need not pay tax on advance receipt from customer,Tally ERP 9 Disabled the tax calculation of advance receipt from customer is disabled from release 6.1.1.  Such advance receipt will only displayed under “Not relevant for return in GSTR-1 Report.

For Business with Turnover above 1.5 crore can enable tax calculation on advance receipt using Following option

F11 Company Features > Statutory & Taxation > Go to company GST Details screen and activate the option ‘Enable tax liability on advance receipts’

GSTR-1 Filing By generating JSON file from Tally.ERP 9

Let’s discuss the first method by Generating  GSTR-1 returns in the JSON format, to do this

  1. Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1
  2. Select the Month for which return need to be files by using option  F2: Period:
  3. F12: Configure: To view the export options for HSN/SAC details, enable Show HSN/SAC Summary?
  4. Now click on export button at the top of the screen or press Press Ctrl+E. The exporting options screen will displayed.

Export _ Gstr1

  • In the exporting option screen Select Format as JSON (data interchange)
  • Make sure the you have enabled the option ‘Export HSN/SAC details even if UQC is not available’? – Yes, to export transactions where UQCs are not available. For such transactions, you have to map the units of measurement of the stock items to related UQCs in the MS Excel or CSV file.
  • Also enable Export HSN/SAC details not included for other reasons? – Yes, to export transactions that are not included in the HSN/SAC Summary due to various reasons. Make sure that you are entering these excluded data directly on GST portal while filing GST Return.

Note: The options Export HSN/SAC details even if UQC is not available? and Export HSN/SAC details not included for other reasons? will be visible to you only when you activate  Show HSN/SAC Summary? is set to Yes in the GSTR-1 report. The HSN Summary column in the export file will be blank if you exported GSTR-1 Without activating HSN/SAC Summary.

  •  Allow Export of:

All Vouchers: Select this option to export all the transactions that have been already filed on the GST portal.

Only New Vouchers: Select this option to export the transactions that are not filed on GSTN portal.

5.Press Enter to export. Your file will have exported in the specified location.

Now You have to compress the JSON files in ZIP format and upload it to the GST portal.

How to File GSTR-1 returns in GST portal

  • Go to  GST portal. and log in with your company’s user name and password.gst_portal
  • Now go to the Menu  Services > Returns > Returns Dashboard.return dash board
  • Select the Financial Year, Month of Return Filing,then click Search.

return filing period

You will see new options like ‘details of outward supplies of goods or services’ Just below of this option You will see Prepare Online & Prepare offline.

  • Click PREPARE OFFLINE button.Prepare Online

Now in the OFFLINE Upload page, Click Choose File  option to select the JSON file generated from Tally.ERP 9 or the offline tool from the local computer.

import json file generated option

Once your JSON file is uploaded successfully, you will be notified by a message. You json file has been uploaded successfully.The GST System will now validate uploaded data as shown in the below image.

Upload success message

  • The verification may take some time ,you have to wait till then as displayed in the screen,After that start verify the uploaded data in the GSTR Screen.Meanwhile you can enter the details of nil rated supplies and documents manually issue by referring table-wise format of GSTR-1 as these details will not upload directly to the portal.
  • Now Go to the Return dash board in the GST Portal to do this go to  Services > Returns > Returns Dashboard, and click Prepare Online.  refer below image.

GSTR Prepare onlineNow Lets enter the details of Nil rated supplies, click on to the 8A, 8B, 8C, 8D – Nil Rated Supplies page, and enter the details manually.and save the screen.

8A, 8B, 8C, 8D - Nil Rated Supplies page

Next stage is to go to Documents issued page and enter the details like Invoice of outward supply, Invoice for inward supply from unregistered person,Revised Invoices,Debit Note, Credit Note, Receipt Voucher,Payment Voucher,Refund voucher,Delivery challan etc.

13 - Documents Issued page

The final step is to submit your returns Then sign the return Digitally.

GSTR-1filing by using the GST Offline Tool – Method II

  • To do GSTR-1 filing using offline excel tool You have to Export  returns in the MS Excel or CSV format,to export this.
  • Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1.
  • Select the month of return to be filed by pressing F2: Period button.
  • Now press F12: Configure button to change the export options for enabling  HSN/SAC summary ?
  • Now Press Ctrl+E or click on Export button at the top of the screen to export

Exporting GSTR-1

  • Make sure that you have chosen Excel (Spreadsheet) or CSV (Comma delimited) Format in the export option.
  • There are transactions in your tally where UQC is not available, In such case  also you can and have  to Export GSTR-1 report. Make HSN/SAC details even if UQC is not available? – Yes, in export options. But make sure that you have mapped the units of measure to UQC in the Excel or CSV sheet. How to map UQC to existing Unit of measures and how to covert existing  Units to UQC are mentioned at the end of this post  as a chart please check.
  • Also enable option HSN/SAC details not included for other reasons? – Yes, to export transactions that are not included in the HSN/SAC Summary due to various reasons. But Later you can enter the data directly on GST Portal.
  • Allow Export of:

 All Vouchers: Select this option to export all the transactions that have been already filed on the GST portal.

Only New Vouchers: Select this option to export the transactions that are not filed on GSTN portal. To avoid overwriting the existing files with the new transactions, use a different MS Excel file name.

  • Press Enter and accept  to export the GSTR-1 Report.

 

Tally ERP 9 will generate separate csv file each table in GSTR-1,This file we can imported into GST offline tool provided by GST portal

How to Resolve Dollar $ symbol appears after exporting data from Tally ERP 9 ?

Some times,If you have exported in excel, a $ symbol found in the data exported, better choose csv format. Still you want to export in excel sheet

Click on MS Excel office button (File)> Excel Options > Trust centre >Trust enter settings >Trusted location 

Click on add new location and add the location in your hard drive where Tally ERP 9 installed on your computer

For example : C:\Program Files\Tally\Tally.ERP9

Check the option Sub folder of this location are also trusted.

 

Import data and generate the JSON file

Before we start you need to download and install latest version GST Offline tool from GST Portal, To download this tool go to

https://www.gst.gov.in/

Download Menu > Offline tools > Returns Offline Tools

Download Offline Tools

Extract the downloaded zip file,  and install GST offline tool application.

 

  • Start the GST offline Tool by double clicking on the icon in the desktop, the application will open in a browser.
  • Click on NEW button.

GST Offline Tool

Fill up the details asked like GSTR return type,GSTIN of supplier, Financial Year, Tax period, aggregate turnover details etc.as shown below.Then click on proceed button.

OFFLINE TOOL PROCEED WITH NEXT PAGE

In the next page Click IMPORT FILES button on the top left.

iMPORT FILES Then Click on IMPORT EXCEL button , and select your file exported from tally erp 9.

IMPORT EXCEL, and select your file

Note:  While importing, the offline tool may show warning messages like “Are you sure you want to save Data ?  This happens when the sheet is omitting transactions in the given sections.  You can ignore it and proceed by clicking on ‘YES’. 

IMPORT Data Using csv files

If you have return data’s in CSV Files, Follow the below path

  • Upload new invoice /other data for return
  • Click on New Button & enter the details asked & click proceed.
  • Now click on Import files
  • Select section under import returns -one selection at a time. ( For example B2B Invoices – 4A,4B,4C,6B,6C )
  • After selection a new button appears “IMPORT CSV” Click on it and select appropriate csv files you have exported from Tally ERP 9.
  • Again the system may ask a warning message you can ignore it by clicking Yes.

The successful import message will display.

By using this import method, you have to import each section individually.

After importing excel file or csv file Click on VIEW SUMMARY Button

 warning messageThe next step is Click on GENERATE FILE button to create json file.

GENERATE FILE

This will create a JSON file in your local computer, In the download folder. namely something like “returns_05122017_R1_32AAEFO1405F1ZY_offline.json

Log in to the GST portal and file your GSTR-1 returns.

Important Note For e-commerce operators

The GST department has not issued GSTIN/UIN for e-commerce operators. Currently, when data is exported from Tally.ERP 9 to MS Excel or CSV files, the GSTIN/UIN entered in the e-commerce party ledger is captured as E-Commerce GSTIN in b2b, b2cl, and b2cs worksheets. After exporting data to MS Excel or CSV files:

1.    Delete the GSTIN/UIN captured in the column E-Commerce GSTIN.

2.    Set the Type as OE in the b2cs worksheet.

3.    Generate the JSON file.

Method 3: By filing your returns directly on the GST portal

The third method to file GSTR-1 mentioned is filing GSTR-1 Directly on the GST Portal. You can add maximum 500 invoices using this feature. The number of entry is restricted up to 500 invoices through direct entry in the portal. If you have more than 500 invoices to enter into a return please use offline tool as explained earler. Let’s see how to do this.

  • Log in to the GST portal Using user name and password provided by the department.
  • Go to the menu Services > Returns > Returns Dashboard, and click PREPARE ONLINE button.

 

Select the period in which you want to file GSTR-1 Return, Now click on search button as mentioned in the below image.

Return Filing Period, and click SearchOpen each GSTR-1 table, like 4A,4B,4C,6B,6C – b2b invoices & 5A &5B B2C Large invoices and enter the data manually from Tally ERP 9 GSTR-1 report.

After filling up all required tables, Submit the returns and e-sign it.

 

Mapping the unit of measurement (UOM) when the UQC is not available

The list of Unit Quantity Code (UQC) provided by the department does not have the representative code for brass, carats, litres, running foot, and so on. To handle this situation:

  • Based on your business requirement, map the unit to the related UQC and export it to MS Excel or CSV files. For example, you can map litres to KLR-KILOLITRE.
  • In the hsn worksheet of the template or CSV file, convert the quantity as per the mapped UQC. For example, if litre is mapped to KLR-KILOLITRE, multiply the quantity by 0.001 in the hsn worksheet of the template or CSV file to convert litre to kilolitre.
  1. Upload the modified MS Excel template or CSV file to the GST Offline tool.
  2. Generate the JSON file.

Examples of mapping units to the related UQCs with the conversion factors are given below:

Unit of Measure Nearest UQC Conversion of Quantity in Template
Litres KLR-KILOLITRE Multiply by 0.001
MLT-MILILITRE Multiply by 1000
Carat KGS-KILOGRAMS Multiply by 0.0002
GMS-GRAMMES Multiply by 0.2
Brass SQF-SQUARE FEET Multiply by 100
CBM-CUBIC METERS Multiply by 2.835
Running foot MTR-METERS Multiply by 0.3048
Cubic inches MLT-MILILITRE Multiply by 16.3871
Hanks YDS-YARDS For cotton, multiply by 840
For woolen, multiply by 560
Inches MTR-METERS Multiply by 0.0254
CMS-CENTIMETERS Multiply by 2.54
Pounds TON-TONNES Multiply by 0.000453592
KGS-KILOGRAMS Multiply by 0.453592
GMS-GRAMMES Multiply by 453.592
Lots TON-TONNES Multiply by 0.0000128
KGS-KILOGRAMS Multiply by 0.0128
GMS-GRAMMES Multiply by 12.8
Milligrams GMS-GRAMMES Multiply by 0.001
Decameter square SQY-SQUARE YARDS Multiply by 119.599
SQF-SQUARE FEET Multiply by 1076.39
Square inches SQM-SQUARE METERS Multiply by 0.00064516
SQY-SQUARE YARDS Multiply by 0.000771605
SQF-SQUARE FEET Multiply by 0.00694444
Tola GMS-GRAMMES Multiply by 11.6638125

Note:  The tax amount  is automatically calculated by the e-return system in the portal .You need not enter the tax amount in the return ,you will only have the provision to enter the taxable value and tax rate. The tax is calculated automatically based on tax rate and place of supply.

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How to record e-Sugam for Karnataka in sales voucher & print in invoice under GST http://www.tallyerp9tutorials.com/taxation/gst-tally/record-e-sugam-karnataka-sales-voucher-print-invoice-gst/ http://www.tallyerp9tutorials.com/taxation/gst-tally/record-e-sugam-karnataka-sales-voucher-print-invoice-gst/#respond Thu, 10 Aug 2017 10:11:02 +0000 http://www.tallyerp9tutorials.com/?p=3975 The e-Sugam feature under GST is provided for Karnataka. When you obtain the e-Sugam number for a transaction, you can enter it in the invoice or in the e-Sugam report. The e-Sugamnumber can also be printed in the invoice. Recording a sales invoice with e-sugam number 1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales. 2.    In Party A/c name, select the customer…

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The e-Sugam feature under GST is provided for Karnataka. When you obtain the e-Sugam number for a transaction, you can enter it in the invoice or in the e-Sugam report. The e-Sugamnumber can also be printed in the invoice.

Recording a sales invoice with e-sugam number

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    In Party A/c name, select the customer ledger or the cash ledger.

3.    Select the sales ledger.

4.    Select the required items, and specify the quantities and rates.

5.    Select the central and state tax ledgers.

6.    Set the option Provide GST details to Yes. In the GST Provide Details screen, enter the transport details.

7.    Save the invoice.

Once you obtain the e-Sugam number, enter the same in the e-Sugam report, or in the field e-Sugam Number of Statutory Details screen of the invoice (displayed on enabling the option Provide GST details) as shown below:

e-sugam entry screen

8.    Press Ctrl+A to save e-Sugam Details.

9.    Press Ctrl+A to save the invoice.

10.  Press Alt+P to print the invoice. The e-Sugam number appears as shown below:

Note: Ensure the option Print E-sugam No.? is set to Yes in the Invoice Print Configuration screen.

To view the vouchers having e-Sugam details

1.    Go to Gateway of Tally > Display > Statutory Reports > GST >  e-Sugam.

2.    Select the period using F2: Period.

3.    Select the required voucher, and click S: Set e-Sugam No to enter the e-Sugam number.

esugam-vouchers

4.    Press Enter to save.

Configuration options

Click F12: Configure in e-Sugam Vouchers report.

     Set the option Show tax types in separate columns? to Yes to view the breakup of taxes and cess.

     As per e-Sugam rules, sales transactions of Rs. 50,000 and above are displayed in the e-Sugam Vouchers report. To capture transactions of values below Rs. 50,000, click F12: Configure and set the transaction limit.

e-sugam-configuration-screen

Based on the transaction limit set in the Configuration screen, the sales transactions will appear in the e-Sugam Vouchers report.

 

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What is Form GSTR-3B ,How to generate GSTR-3B and file return in Tally erp 9 http://www.tallyerp9tutorials.com/taxation/gst-tally/form-gstr-3b-generate-gstr-3b-file-return-tally-erp-9/ http://www.tallyerp9tutorials.com/taxation/gst-tally/form-gstr-3b-generate-gstr-3b-file-return-tally-erp-9/#respond Thu, 10 Aug 2017 09:59:34 +0000 http://www.tallyerp9tutorials.com/?p=3970 Form GSTR-3B  is an interim return form to be used by GST dealers with regular registration for filing returns for the month of July and August. GSTR-3B is an online form where dealers will enter details directly on the GST portal. This report can be printed from Tally.ERP 9 with all transaction details in the required…

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Form GSTR-3B  is an interim return form to be used by GST dealers with regular registration for filing returns for the month of July and August. GSTR-3B is an online form where dealers will enter details directly on the GST portal. This report can be printed from Tally.ERP 9 with all transaction details in the required format. The details from the printed report can be used to fill in the online form on the GST portal.

In Tally.ERP 9, GSTR-3B can be viewed in the report format with tax computation details. This report can be changed to the table-wise format (department format) with the click of a button.

To view GSTR-3B

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR–3B.

The GSTR-3B report appears as shown:

Form -3B

The different sections of the report are:

Returns Summary: This section displays a snapshot of business operations in the given period. Displays the Total number of vouchers for the period, vouchers Included in returns, vouchers Not relevant for returns and vouchers with Incomplete/Mismatch in information (to be resolved) for the reporting period.

Drill down from any row to view the list of vouchers under the respective category. You can resolve the exceptions for voucher under Incomplete/Mismatch in information (to be resolved) to include them in the returns.

Particulars (computation details): This section displays the taxable value and tax amount from outward supplies and inward supplies considered in the returns. The format of this section can be changed from Default View to Table-wise View and vice versa.

Default View

The Default View provides the tax computation details with taxable value and tax break-up for local and interstate supplies under taxable, exempt, and nil-rated categories.

Table-wise View

The Table-wise View displays the values using the actual Form GSTR-3B format. The values are captured under different sections of the form.

Generate GSTR-3B and File Returns

Ensure that all exceptions regarding incomplete/mismatch in information are resolved before filing and submit return.

In Tally.ERP 9, you can export data in the JSON format and upload it to the portal for filing the returns.

File GSTR-3B

Ensure that all exceptions regarding incomplete/mismatch in information are resolved before printing or exporting the GSTR-3B report. File GSTR-3B in either of the following methods:

Method 1: By Generating the JSON file from Tally.ERP 9

To generate GSTR-3B returns in the JSON format

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B.

2.    F2: Period – select the period for which returns need to be filed.

3.    Press Ctrl+E.

exporting gstr-3b

4.    Select JSON (Data Interchange) as the Format.

5.    Press Enter to export.

Note: If you have made purchases attracting reverse charge from registered dealers outside the state, enter the values mentioned below in the JSON file:

♦   In 3.1.d of JSON file, under “isup_rev”: { enter the taxable amount in “txval” and integrated tax amount in “iamt”.

♦   In 4 a 3 of JSON file, under “ty”: “ISRC”, enter the integrated tax amount in “iamt”.

For further details, refer to calculating integrated tax on reverse charge purchases from registered dealers.

Upload the JSON file to the portal for filing returns.

To submit and file GSTR-3B returns

1.    Log in to the GST portal.

login page of gst portal

2.    Go to Dashboard > RETURN DASHBOARD.

gst portal dashboard

3.    Select the Return Filing Period, and click Search.

return filing period selection

4.    Under Monthly Return GSTR3B, click PREPARE OFFLINE > UPLOAD tab > click CHOOSE FILE to import the GSTR-3B JSON file generated from Tally.ERP 9. Once your JSON files are uploaded successfully, you will be notified with a message. Once the file is successfully uploaded the Error Report displays NA.

offline upload for gstr 3b

5.    Click BACK > Monthly Return GSTR3B, click PREPARE ONLINE. The values get posted in the relevant tables of GSTR-3B.

6.    Click the declaration check box and click SAVE GSTR3B.

save offline data to gstr 3b

7.    Make payments towards GSTR-3B to file your GSTR-3B returns.

8.    Click PREVIEW AND SUBMIT GSTR3B to submit GSTR-3B returns.

9.    Click FILE GSTR-3B WITH DSC or FILE GSTR-3B WITH EVC based on the mode you prefer to sign the returns.

Note: Once you click the Submit button, GSTR-3B cannot be revised.

Method 2: By using the GSTR3B Excel Offline Utility Tool

To download the tool

1.    Go to the GST portal.

2.    Click Downloads > Offline Tools > GSTR3B Offline Utility.

Download link of gstr-3b

3.    Click Download.

4.    Click PROCEED. A .zip file containing the GST Excel Utility will be downloaded. Some important information about the tool, and the system requirements for using the tool are also available on the download page.

5.    Extract the file GSTR3B_Excel_Utility_V3.0.xlsm from the .zip file and copy it to the location where Tally.ERP 9 is installed.

To export GSTR-3B returns to the MS Excel template

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B.

Note: Ensure to use a fresh template each time before exporting the GSTR-3B data.

2.    F2: Period – Select the period for which returns need to be filed.

3.    Press Ctrl+E.

4.    Select Excel (Spreadsheet) as the Format. If the template GSTR3B_Excel_Utility_V3.0.xlsm is not available in the Export Location, the message appears as shown:

5. Ensure the template GSTR3B_Excel_Utility_V3.0.xlsm is available in the Export Location. Press Enter to export the data.

The Microsoft Excel template opens with the data updated in the relevant fields.

gstr data in excel

Note: If you have made purchases attracting reverse charge from registered dealers outside the state, refer to calculating integrated tax on reverse charge purchases from registered dealers.

6.    In the template:

     Click Validate to view the status of the sheet.

     Click Generate File. The JSON file gets generated in the folder GSTR on the desktop.

7.    Upload this JSON file on the GST portal. Click here for the procedure of submitting and filing GSTR-3B.

Note: If the status is Validation Failed, correct the errors mentioned in the template, and then click Validate.

For more details on the information captured in each column of the e-return template, click here.

Method 3: By filing your returns directly on the GST portal

To print GSTR-3B

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B.

2.    Press Ctrl+P to print the form.

Note: Ensure the MS Word application is available in your computer to view the form.

3.    In the Print Report screen, press Enter. GSTR-3B is created in the word format.

4.    Press Ctrl+S to save the word file.

You can print the word file and use the hard copy to fill information online or directly copy and paste the values from the MS Word file to the online form.

To file GSTR-3B

1.    Log in to the GST portal.

login page of gst portal

2.    Go to Dashboard > RETURN DASHBOARD.

gst portal dashboard

3.    Under Monthly Return GSTR-3B, click PREPARE ONLINE.

4.    Select the required options in the GSTR-3B dashboard to view the relevant sections of GSTR-3B in the next screen. Click NEXT to proceed.

5.    Click each table and manually fill the details by referring to the GSTR-3B printed from Tally.ERP 9 in the MS Word format. Click CONFIRM in each table after providing the details.

6.    Click the declaration check box and click SAVE GSTR3B.

7.    Make payments towards GSTR-3B to file your GSTR-3B returns.

8.    Click PREVIEW AND SUBMIT GSTR3B to submit GSTR-3B returns.

9.    Click FILE GSTR-3B WITH DSC or FILE GSTR-3B WITH EVC based on the mode you prefer to sign the returns.

Note: Once you click the Submit button, GSTR-3B cannot be revised.

Integrated tax on reverse charge purchases from registered dealers

If you have made purchases attracting reverse charge from registered dealers outside the state, you need to manually enter the integrated tax amount in the JSON or MS Excel file generated from Tally.ERP 9 before filing your returns.

To identify the values and enter it in the JSON or MS Excel file

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B.

2.    Under Reverse Charge Liability to be booked, press Enter on Reverse Charge Inward Supplies.

3.    Click E: Export from Purchase of Reverse Charge Supplies – Reverse Charge Liability report.

4.    Select the Format as Excel (Spreadsheet), and export the data.

5.    Filter for all the transactions on which Integrated Tax has been charged, and arrive at the total tax amount.

6.    Manually add this tax amount to the value of Table 3.1 d. Inward Supplies (liable to reverse charge) and 4A (3) Inward supplies liable to reverse charge (other than 1 & 2 above) in the data exported in JSON or MS Excel format from Tally.ERP 9.

Making Payments towards GSTR-3B

After successfully filing GSTR-3B, you can easily make payments to GST by creating a challan. The GST ITC amount will be updated in the credit ledger in the GST portal, and will be carried forward to the subsequent month.

To match the GST amount payable with your books of accounts, you can adjust the GST liability with the tax credit. Refer to Recording Journal Vouchers for Adjustments Against Tax Credit under GST for the procedure to record the transaction.

If the above example is taken, GST payable is as shown below:

To make payments towards GSTR-3B

1.    Log in to the GST portal.

2.    Go to Services > Payments > Create Challan.

3.    Under Tax Liability, enter the required values.

4.    Under Payment Modes, select the required method of payment. If you have chosen NEFT/RTGS as the mode of payment, you also have to select your preferred Remitting Bank.

5.    Click GENERATE CHALLAN.

GENERATE CHALLAN.

The Beneficiary Details appear according to the Remitting Bank selected.

selection of remitting bank

6.    Click DOWNLOAD to generate the challan. Using this challan, you can make the payment through net banking or cash/cheque payment in the bank. When you complete the payment, money gets transferred to your e-Cash ledger.

Note: If the tax amount is less than Rs. 10,000 you can make cash payment in the bank with the challan.

7.    Log in to the GST portal and make the tax payment.

8.    After the payment, submit your GSTR-3B returns.

This completes your GSTR-3B filing.

The post What is Form GSTR-3B ,How to generate GSTR-3B and file return in Tally erp 9 appeared first on Tally.ERP 9 tutorials.

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Calculation of GST Based on Price Range or Cess on Quantity http://www.tallyerp9tutorials.com/taxation/gst-tally/calculation-gst-based-price-range-cess-quantity/ http://www.tallyerp9tutorials.com/taxation/gst-tally/calculation-gst-based-price-range-cess-quantity/#respond Mon, 17 Jul 2017 05:49:13 +0000 http://www.tallyerp9tutorials.com/?p=3961 You can define the percentage of GST for a particular price range, or the cess amount per unit, in the stock item master. These rates will get applied while recording the purchase or sale of the stock items. Defining the GST rates based on slab rate or price range Defining cess amount based on quantity…

The post Calculation of GST Based on Price Range or Cess on Quantity appeared first on Tally.ERP 9 tutorials.

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You can define the percentage of GST for a particular price range, or the cess amount per unit, in the stock item master. These rates will get applied while recording the purchase or sale of the stock items.

Defining the GST rates based on slab rate or price range

Defining cess amount based on quantity

Defining the GST rate based on slab rate or price range

To configure a stock item for GST calculation based on the slab rate or price range

1.    Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter.

2.    Specify the required details in fields NameUnder, and Units.

3.    Set the option GST Applicable to Applicable.

4.    Enable the option Set/alter GST Details? to open GST Details screen.

o     Specify the Description and HSN/SAC.

o     Select On Item Rate as the Calculation Type. Enter the price range under Rate, and the percentage of Integrated Tax Rate.

o     Press Ctrl+A to accept, and return to the GST Details screen.

5.    Press  Ctrl+A to accept the Stock Item Creation screen.

To record a sales invoice for a stock item configured with GST on price range

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    If you are selling the same stock item at a different price per unit depending on the stock available, you can select the same stock item twice in the invoice and enter the applicable rate per unit.

3.    Select the GST ledgers. The taxes are calculated based on the price range defined in the stock item master.

4.    Click A: Tax Analysis.

5.    In the Tax Analysis screen, click F1: Detailed to view the tax break-up for the stock items selected in the invoice.

6.    Press Esc to return to the sales invoice.

7.    Press Ctrl+A to save.

Tax rate calculation for change in rate slab

If the rate slab of your stock items changes due to any applicable discounts, you can override the tax rates at the transaction level. To override tax rate defined for the stock items, in the invoice

1.    Press F12: Configure, and set

o     Use common ledger account for item allocation – No

o     Allow modification of tax details for GST? – Yes

Note: Retain Use common ledger account for item allocation as Yes, if you want to set a common tax rate for all the stock items selected at the invoice level.

2.    On selecting the stock item, in the Tax Classification Details screen , set F12: Configure > Override tax rate – Yes, and press Enter.

3.    Enter the tax rate applicable based on the rate slab of the stock item.

Defining cess amount based on quantity

To configure a stock item for calculating cess based on quantity

1.    Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter.

2.    Specify the required details in fields NameUnder, and Units.

3.    Set the option GST Applicable to Applicable.

4.    Enable the option Set/alter GST Details? to open GST Details screen.

5.    Click F12: Configure and set the option Select valuation type?to Yes, and accept the Configuration screen.

6.    In the GST Details screen

o     Specify the Description and HSN/SAC.

o     Set the Calculation Type as On Value.

o     Set the Valuation Type of Cess as Based on Quantity, and enter the Rate per unit.

o     Press Enter to save, and return to the Stock Item Creation screen.

7.    Press Ctrl+A to accept.

To record a sales invoice for a stock item configured with cess amount charged per unit

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Select the GST ledgers. The taxes are calculated based on the rates defined in the stock item master.

3.    Select the cess ledger. The cess is calculated based on the rate per unit defined in the stock item master.

4.    Click A: Tax Analysis.

5.    In the Tax Analysis screen, click F1: Detailed to view the tax break-up for the stock items selected in the invoice.

6.    Press Esc to return to the sales invoice.

7.    Press Ctrl+A to save.

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How to Generate VAT, Excise, Service Tax, TDS, TCS Returns up to 30th June 2017 in Tally http://www.tallyerp9tutorials.com/taxation/generate-vat-excise-service-tax-tds-tcs-returns-30th-june-2017-tally/ http://www.tallyerp9tutorials.com/taxation/generate-vat-excise-service-tax-tds-tcs-returns-30th-june-2017-tally/#respond Sat, 15 Jul 2017 12:32:03 +0000 http://www.tallyerp9tutorials.com/?p=3957 You can generate your returns for the transactions recorded till 30th June 2017, in Release 6.x. Upgraded from Release 5.x – Generate returns in 6.x, following the procedure used in Release 5.x. From Release 4.x and below, to Release 6.0.2 with installation in a new folder Case 1: Resolve exceptions in Release 6.0.2, and generate returns.…

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You can generate your returns for the transactions recorded till 30th June 2017, in Release 6.x.

Upgraded from Release 5.x – Generate returns in 6.x, following the procedure used in Release 5.x.

From Release 4.x and below, to Release 6.0.2 with installation in a new folder

Case 1: Resolve exceptions in Release 6.0.2, and generate returns.

Case 2: Restore the data backed up while moving to Release 6.x in Release 4.x to a different folder, and generate returns. Release 4.x installation continues to be in the old folder.

From Release 4.x and below, to Release 6.x installation with in the same folder

Case 1: Started using Release 6.x before 1-Jul-17, resolve exceptions in Release 6.x, generate returns.

Case 2: Started using Release 6.x after 30-Jun-17, you can generate returns from Release 4.x.

For this, you install Release 4.93 in a different folder, configure license, restore the data backed up while moving to Release 6.x in a different folder, and generate returns.

Note: If you had been sharing the backup of your data or MS Excel files of purchase and sales registers with your chartered accountant earlier, you can continue to do the same in Release 6.x.

Generating Returns in Release 6.x

VAT

To view the VAT/CST reports and generate the return

1.    Go to Gateway of Tally > Display > Statutory Reports > VAT/CST > select the required report.

After you upgrade from Release 4.x to Release 6.x, you may find your transactions listed under Incomplete/mismatch in information (to be resolved).

2.    Select Incomplete/mismatch in information (to be resolved) and press Enter.

3.    Resolve all exceptions to include the transactions in the return.

4.    Once all exceptions are resolved, you can print the return (press Ctrl+P) or export data to the return formats provided by the state selected for VAT compliance.

Excise for Manufacturers

To view the excise reports and generate the return

1.    Go to Gateway of Tally > Display > Statutory Reports > Excise Forms > select the required report.

After you upgrade from release 4.x to Release 6.x, you may find your transactions listed under Uncertain Transactions.

2.    Select Uncertain Transactions and press Enter.

3.    Resolve all exceptions of Form ER1 or ER3 or ER8 or ER8-Jewel to include the transactions in the return.

4.    Once all exceptions are resolved, save the report, print the return (press Ctrl+P), and export it in xml format to file your excise returns.

Excise for Traders (Dealer/Importer)

To view the excise report for dealer/importer and generate the return

1.    Go to Gateway of Tally > Display > Statutory Reports > Excise Forms > Dealer > Form-2.

2.    Select the excise tax unit to view the report.

After you upgrade from release 4.x to Release 6.x, you may find your transactions listed under Uncertain Transactions.

3.    Select Uncertain Transactions and press Enter.

4.    Resolve all exceptions to include the transactions in the return.

5.    Once all exceptions are resolved, save the report, and export the data in xml format or to e-return template for filing returns.

Service Tax

To view the service tax report and generate the return

1.    Go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Form ST3.

2.    After you upgrade from Release 4.x to Release 6.x, you may find your transactions listed under Uncertain Transactions.

3.    Select Uncertain Transactions and press Enter.

4.    Resolve all exceptions to include the transactions in the return.

5.    Once all exceptions are resolved, save the report and file your returns.

TDS and TCS

If you have transactions of TDS and TCS in the data maintained in Release 4.x, after upgrading to Release 6.x, you need to:

     Resolve the exceptions of TDS and TCS transactions.

     File returns for TDS and TCS.

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Guidelines for Managing HSN Codes/SAC and Tax Rates in Tally ERP 9 http://www.tallyerp9tutorials.com/taxation/gst-tally/managing-hsn-codes-sac-tax-rates-tally-erp-9/ http://www.tallyerp9tutorials.com/taxation/gst-tally/managing-hsn-codes-sac-tax-rates-tally-erp-9/#comments Tue, 11 Jul 2017 12:56:31 +0000 http://www.tallyerp9tutorials.com/?p=3948 You can specify HSN code/SAC details and tax rates at different levels for the goods or services provided by your business. This is a flexibility provided for ease of use to accommodate your business needs. Recommended Reading : Why HSN Code & SAC is not getting printed in the invoice and its solution It is recommended to specify the…

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You can specify HSN code/SAC details and tax rates at different levels for the goods or services provided by your business. This is a flexibility provided for ease of use to accommodate your business needs.

Recommended Reading : Why HSN Code & SAC is not getting printed in the invoice and its solution

It is recommended to specify the HSN code/SAC and tax rate at the same level.

Order in which HSN code and tax rate are applied for goods

Specifying HSN code and tax rate

Based on your business requirements, you can provide HSN codes and tax rates at different levels.

Business Requirement

Definition At

Most of the goods have the same HSN code and tax rate

Company

A group of items have the same HSN code and tax rate

Stock group

A few items have different HSN codes and tax rates

Stock item

Want to apply the same HSN code and tax rate for different transaction types

Sales/purchase ledger group

Want to segregate sales or purchase of items with the same HSN code and tax rate

Sales/purchase ledger

Change the tax rate (not HSN code) during transaction

Transaction

After defining a tax rate at the company level, if a group of items attracts another rate, specify at the stock group level. For the items in the group, the rate specified at the group level is applicable. After specifying tax rates at the stock group level, if a few items in the group attract a different rate (or the rate set at the company level), override using rate setup at the stock item level. For the items, the rates specified at the stock item level are applicable.

You can specify tax rates at the sales or purchase ledger level, or at the ledger group level. This helps in situations where a special tracking as per the nature of tax is required. For example, you can use a ledger called Diplomat-Sale for exempt sales of taxable goods when the buyer is a diplomat. Then the rate defined at the ledger level will override the tax rates set at the company, stock group, or stock item levels.

Note: For ease of maintenance and appropriate use of tax rates, specify the rates at the level where you mark the goods as taxable.

A similar order is applicable in the case of HSN codes.

In case you need to specify a separate tax rate for an item in a specific transaction, you can do so, and the rate specified during the transaction will get the highest priority.

Order in which SAC and tax rate are applied for services

Specifying SAC and tax rate

Based on your business requirements, you can provide SAC and tax rate at different levels.

Business Requirement

Tax Rate Definition At

Most of the services have the same SAC and tax rate

Company

A group of services have the same SAC and tax rate

Service ledger

Want to apply the same SAC and tax rate for different transaction types

Sales/purchase ledger group

Want to segregate sales or purchase of services with the same SAC and tax rate

Sales/purchase ledger

Change the tax rate (not SAC) during transaction

Transaction

After defining a tax rate at the company level, if a few services attract a different rate, specify the rate in the service ledger. For the services, the rates specified at the service ledger level are applicable.

You can specify tax rates at the sales or purchase ledger level, or at the ledger group level. This helps in situations where a special tracking as per the nature of tax is required. For example, you can use a ledger called Diplomat-Sale for exempt sales of taxable services when the buyer is a diplomat. Then the rate defined at the ledger level will override the tax rates set at the company level or at the service ledger level.

Note: For ease of maintenance and appropriate use of tax rates, specify the rates at the level where you mark the service as taxable.

A similar order is applicable in the case of SAC.

In case you need to specify a separate tax rate for a service in a specific transaction, you can do so, and the rate given during the transaction will get the highest priority.

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Using voucher class for auto calculating GST in vouchers http://www.tallyerp9tutorials.com/taxation/gst-tally/using-voucher-class-auto-calculating-gst-vouchers/ http://www.tallyerp9tutorials.com/taxation/gst-tally/using-voucher-class-auto-calculating-gst-vouchers/#respond Mon, 10 Jul 2017 09:53:10 +0000 http://www.tallyerp9tutorials.com/?p=3942 Using Voucher Class for Inclusive of Tax Calculation Voucher class can be used to automatically apply GST in transactions. You can create voucher class for inclusive-of-tax calculation as well as exclusive. The value of additional ledgers in the transaction should be included in the taxable value for calculating tax, which can also be automated using…

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Using Voucher Class for Inclusive of Tax Calculation

Voucher class can be used to automatically apply GST in transactions. You can create voucher class for inclusive-of-tax calculation as well as exclusive. The value of additional ledgers in the transaction should be included in the taxable value for calculating tax, which can also be automated using voucher class.

By creating voucher class with default tax ledgers and percentages, the errors that may arise due to the selection of wrong tax ledgers in the transactions can be avoided. It also reduces the time of voucher creation.

Voucher Class with Inclusive of Tax

In an inclusive voucher class, the tax amount is included in the sales value. Given below is the illustration of inclusive of tax voucher class under sales voucher type.

The sales ledger value and tax value are defined as percentage of the total sales value.

To create inclusive of tax voucher class

1.    Go to Gateway of Tally > Accounts Info > Voucher Types > Alter > Sales. Specify the details of the class as below:

Now pass a sales invoice using the voucher class created. The default account allocations selected in the voucher class will be automatically applied in the invoice. The invoice will not display the value of the default ledgers.

The auto-calculated value for the default ledgers can be viewed in the alteration mode. Open the invoice in alteration mode, and press Enter from the field Amount.

Voucher class without inclusive of tax

In a tax-exclusive voucher class, sales ledger and tax ledger percentages are exclusively defined.

As in tax-inclusive voucher class, the tax values will be applied automatically in the invoice. There is no need to select the tax ledgers.

You can create multiple voucher class for different tax rates or tax types depending on your requirement.

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