https://help.tallysolutions.com/docs/te9rel64/Tax_India/gst_composition/purchase_gst_composition.htm

Record Purchases - GST Composition

Related topics

Stock Items and Ledgers

Sales

You can record purchase of goods or services with or without reverse charge, under composition scheme of GST.

Intrastate purchase of goods and services

Interstate purchase

Purchase of services under reverse charge

Purchase of services with discount

Intrastate purchase of taxable goods

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

2. Enter the Supplier invoice no. and Date as per the sales invoice received from the supplier.

3. In Party A/c name , select the supplier's ledger or the cash ledger.

4. Select the purchase ledger.

5. Select the required stock items, and specify the quantities and rates.

6. Select the central and state tax ledgers.

7. Press Enter to save.

The invoice received from composition or unregistered dealers will not have tax in it. Hence, you need not select tax ledgers on such purchases.

Intrastate purchase of taxable service

1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase > press Alt+I .

2. Enter the Supplier invoice no. and Date as per the sales invoice received from the supplier.

3. Select the purchase (service) ledger predefined with the tax rates, and enter the amount.

4. Select the central and state tax ledgers.

5. Press Enter to accept.

The invoice received from composition or unregistered dealers will not have tax in it. Hence, you need not select tax ledgers on such purchases.

Purchase of services attracting reverse charge

1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase > press Alt+I .

2. Enter the Supplier invoice no. and Date as per the sales invoice received from the supplier.

3. Select the party ledger with the Registration type set to Regular .

Note: If the Registration type is not Regular , the transaction will appear under Not relevant for returns section of GSTR-4 .

4. Select the purchase (service) ledger in which the option Is reverse charge applicable? is set to Yes , and the tax rates are defined .

5. Enter the amount.

6. Press Enter to accept.

Interstate purchase from regular dealers

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

2. Enter the Supplier invoice no. and Date as per the sales invoice received from the supplier.

3. In Party A/c name , select the supplier's ledger.

4. Select the purchase ledger.

5. Select the required stock items, and specify the quantities and rates.

6. Select the integrated tax ledger.

7. Press Enter to save.

Purchase of services with discount

1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase > press Alt+I .

2. Enter the Supplier invoice no. and Date as per the sales invoice received from the supplier.

3. Select the party ledger with the Registration type set to Regular .

Note: If the Registration type is not Regular , the transaction will appear under Not relevant for returns section of GSTR-4 .

4. Select the purchase (service) ledger in which the option Is reverse charge applicable? is set to Yes , and tax rates are defined .

5. Enter the amount.

6. Select the discount ledger created for services , enter the percentage or amount.

7. Press Enter to accept.