HomeTally erp 9

How to enter purchase entry with gst in tally?

Like Tweet Pin it Share Share Email

Every business makes purchases. In GST, a registered dealer eligible for input tax credit ( ITC ) other than a composition dealer , works contract services , restaurants and some other exceptional cases. So the tax claim shall be recorded in the purchase voucher.   Let’s discuss how purchase invoices are recorded in tally. Follow the below steps

Let’s consider a gst purchase example.

01-08-2018 ,  ABC Ltd is a registered dealer in Delhi  purchases  the following items from 3G Mobiles  Delhi  Invoice No :  20010

Sr No        Description of goods             Qty         GST %          Rate                 Tax             Amount

1               Apple i phone 7 plus              10                  12                  54199          65038.8        607028.80

2              JBL earphone                             10                 18                      750            1350.00           8850.00

3              MI Power Bank                          10                28                     900             2520.00        11520.00

Total                                                                                                                   68908.80          627398.80   

GST activation

To enter a purchase invoice, You need to activate gst

F11 Features > F3 Statutory

Enable goods and service tax : Yes

Set/alter GST details : Yes, enter gst details of the company click more.

GST rate & HSN /SAC setup.

Tax rate can be set at company level,if all items you are selling/buying are the same tax rate and HSN/SAC then set up gst rate at company level. In our example there are multiple rated goods are buying. So we decide setting gst& hsn at stock item level.

To enter a purchase invoice, You need to activate gst

F11 Features > F3 Statutory

Enable goods and service tax : Yes

Set/alter GST details : Yes, enter gst details of the company click more.

GST rate & HSN /SAC setup.

Tax rate can be set at company level,if all items you are selling/buying are the same tax rate and HSN/SAC then set up gst rate at company level. In our example there are multiple rated goods are buying. So we decide setting gst& hsn at stock item level.

Learn more :  about gst rate & hsn/sac code setup

Masters required for purchase entry in tally.

  • Create the party ledger 3g Mobiles under group sundry creditorsclick here to know more.
  • Create stock items with tax rate & hsn code, To do this You must set/alter gst details in stock item creation screen. don’t know , here is how. Create all three stock items with their tax rates.
  • Create Purchase ledger , here is how to create this?
  • Create CGST & SGST Ledger, click here to learn how ?

You can create three types of Tax ledger like CGST 12 % , CGST 18 % & CGST 28 %  if you absolutely required . This will help you track individual rated item in a separate ledger. However this is not required in latest version of tally. You can view individual items details in tax analysis report.

GST Purchase voucher entry

Now we have all masters and info for entering purchase voucher.

Follow below steps.

  1. Go to Gateway of tally>Accounting Voucher>F9 Purchase
  2. Change date Using  F2 shortcut keys  to the date of invoice.
  3. Enter supplier Invoice number & date of invoice.
  4. Select party name
  5. Select purchase ledger.
  6. select all three stock items, quantity, rate.
  7. Select ledger, CGST & SGST, This would be IGST in case of interstate transactions. The tax will be calculated automatically.

Here is the screen shot of purchase invoice entry with GST.

gst purchase voucher

You can view the tax information of the purchase voucher right from here. Click Tax analysis button or shortcut key Alt+A, for a detailed view again press Alt+F1. You will get individual item gst rate and amounts shown below.

tax analysis of purchase entry

Press ESC to come back to purchase voucher screen & Hit enter to save & accept the voucher.

This purchase entry will also used to generate GSTR-2 report which the monthly .

Display> Statutory Report>GST>GSTR-2

gstr 2 report

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *