|
Related Topics |
You can record sale of items on which cess is applicable. To apply cess on items, create a separate tax ledger for cess. Under GST cess is applicable on quantity or value of the item. Β It is better to maintain separate tax ledgers for cess on quantity and cess on value.
On this page
β Cess based on quantity and value
β Change the Valuation Type of Cess in Invoice
To record sales of items with cess, configure the stock item with cess details, create separate cess ledgers, and use the ledgers in sales invoice. You can print the cess values in the invoice.
Configure stock items for the calculation of cess based on quantity and value
1. Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter .
2. Specify the required details in the fields Name , Under , and Units .
3. Set the option GST Applicable to Applicable .
4. Enable the option Set/alter GST Details? to open the GS T Details screen.
β Specify the Description and HSN/SAC .
β Select On Value as the Calculation type , and Taxability as Taxable .
β Enter the percentage of Integrated Tax Rate .
β For Cess :
o Enter the percentage of Integrated Tax . The Central Tax and State Tax rates are displayed.
o For Cess , the cursor moves to the Rate column. Press Backspace to select the Valuation Type as Based on Value and Quantity . Enter the cess Rate and cess rate per unit.
Note: You can also select the Valuation Type of cess as Based on Value and Quantity in the GST Rate Details screen of Tax Rate History .
β Accept the GST Details screen.
5. Accept the stock item master.
Record sales of stock items with cess based on value and quantity
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Select the central and state tax ledgers, or integrated tax ledger (for interstate sales).
3. Select the cess ledgers defined with valuation types Based on Quantity and Based on Value . The taxes are calculated based on the cess rate and cess 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. Accept the sales invoice.
Print cess on quantity and cess on value in the sales invoice
1. On the sales voucher, press Alt+P to open the Voucher Printing screen.
o Press F12 to open the Invoice Print Configuration screen.
o Print GST Analysis of Items? - Yes .
2. Press Enter to print. The printout of the sales invoice appears as shown below, with the cess values.
You can configure a stock item with cess based on quantity and record an invoice.
1. Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter .
2. Specify the required details in fields Name , Under , and Units .
3. Set the option GST Applicable to Applicable .
4. Enable the option Set/alter GST Details? to open GS T 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
β Specify the Description and HSN/SAC .
β Set the Calculation Type as On Value .
β Set the Valuation Type of Cess as Based on Quantity , and enter the Rate per unit.
β Press Enter to save, and return to the Stock Item Creation screen .
7. Accept the stock item master .
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 defined with the valuation type Based on Quantity . 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.
You can override the valuation type of cess at the transaction level.
1. Click F12: Configure , and set:
β Use common ledger account for item allocation - No
β 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 cess rate for all the stock items selected at the invoice level.
2. Select the stock item, then the sales ledger. In the GST Details screen, click F12: Configure > Override tax rate - Yes > Allow override cess valuation type/tax rate based on quantity - Yes , and press Enter .
3. Select the Valuation Type of Cess as Based on Value and Quantity , and enter the cess rate and cess rate per unit.
