https://help.tallysolutions.com/docs/te9rel64/Tax_India/gst/gst_reverse_charge_deemed_export.htm

GST Reverse Charge: Deemed Exports

You can record transactions of interstate and intrastate deemed exports attracting reverse charge, and view them in the relevant GST reports.

The procedure to setup the masters, record transactions and generate reports is explained in the sections mentioned below:

Setup for deemed exports under reverse charge

Record deemed export purchases under reverse charge

Record deemed export sales under reverse charge

View deemed exports under reverse charge in GSTR-1

View deemed exports under reverse charge in GSTR-3B

View the reverse charge liability and record adjustments

Setup for Deemed Exports Under Reverse Charge

In the GST Details screen of party ledger, set the options:

o Consider Party as Deemed Exporter for Purchases? to Yes for supplier.

o Party Type to Deemed Export for supplier and buyer.

In the GST Details screen of stock item, set the option Is reverse charge applicable? to Yes .

You can use the natures of transaction given below by enabling the option Is reverse charge applicable? to Yes in the sales and purchase ledger.

o Intrastate Purchase Deemed Exports - Taxable and Purchase Deemed Exports - Taxable for purchases.

o Deemed Exports Taxable and Intrastate Deemed Exports Taxable for sales.

Record Deemed Export Purchases Under Reverse Charge

You can record deemed exports from sellers within and outside the state.

To record intrastate deemed exports

1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase .

2. Select the intrastate deemed exporter in Party A/c name .

3. Select the purchase ledger.

4. Select the stock item taxable marked for reverse charge applicability.

Note: In the GST Details screen of the invoice, the option Is reverse charge applicable? appears as set in the master, and the same configuration appears in brackets for reference. You can change this while recording the invoice, if required.

5. Click A : Tax Analysis > F1 : Detailed to view the detailed Tax Analysis report that displays the reverse charge amount.

6. Press Esc to go back to the purchase voucher.

7. Press Ctrl+A to save.

To record interstate deemed exports

1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase .

2. Select the interstate deemed exporter in Party A/c name .

3. Select the purchase ledger.

4. Select the stock item taxable marked for reverse charge applicability.

Note: In the GST Details screen of the invoice, the option Is reverse charge applicable? appears as set in the master, and the same configuration appears in brackets for reference. You can change this while recording the invoice, if required.

5. Click A : Tax Analysis > F1 : Detailed to view the detailed Tax Analysis report that displays the reverse charge amount.

6. Press Esc to go back to the purchase voucher.

7. Press Ctrl+A to save.

Record Deemed Export Sales Under Reverse Charge

You can record deemed exports to buyers within and outside the state.

To record intrastate deemed exports

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

2. Select the intrastate deemed exporter in Party A/c name .

3. Select the sales ledger.

4. Select the stock item taxable marked for reverse charge applicability.

Note: In the GST Details screen of the invoice, the option Is reverse charge applicable? appears as set in the master, and the same configuration appears in brackets for reference. You can change this while recording the invoice, if required.

5. Click A : Tax Analysis > F1 : Detailed to view the detailed Tax Analysis report that displays the reverse charge amount.

6. Press Esc to go back to the sales voucher.

7. Press Ctrl+A to save.

To record interstate deemed exports

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

2. Select the interstate deemed exporter in Party A/c name .

3. Select the sales ledger.

4. Select the stock item taxable marked for reverse charge applicability.

Note: In the GST Details screen of the invoice, the option Is reverse charge applicable? appears as set in the master, and the same configuration appears in brackets for reference. You can change this while recording the invoice, if required.

5. Click A : Tax Analysis > F1 : Detailed to view the detailed Tax Analysis report that displays the reverse charge amount.

6. Press Esc to go back to the sales voucher.

7. Press Ctrl+A to save.

View Deemed Exports Under Reverse Charge in GSTR-1

To view the deemed export sales attracting reverse charge in GSTR-1

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

The detailed summary view (click V : View Summary ) appears as shown below:

View Deemed Exports Under Reverse Charge in GSTR-3B

To view the deemed export purchases and sales attracting reverse charge in GSTR-3B

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

The detailed summary view (click V : View Summary ) appears as shown below:

View Reverse Charge Liability and Record Adjustments

To view the reverse charge liability report with deemed export purchases and record the adjustment entries

1. Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR–1 or GSTR-3B > Return Format view ( V : View Return Format ).

2. Select Reverse Charge Inward Supplies and press Enter .

3. Click J : Stat Adjustment to book the liability with the stat adjustment details.

4. Record the journal voucher.

The reverse charge liability report appears as shown below: