Type search words and press enter
GSTR-1 upload is now as easy as 1-2-3! Upload your returns on the GST portal right here from TallyPrime. Don't worry about opening the portal or doing any other manual activity.
https://help.tallysolutions.com/docs/te9rel51/Tax_International/Botswana/Sales_Zero_Rated.htm

Zero Rated Supplies

The supplies specified in paragraph 2 of the First Schedule are chargeable at the tax rate of zero percent.

Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select the Voucher Type as Sales

  1. Enter the reference number in the Ref field.

  2. Select the required party ledger in the Party’s A/c Name field.

  3. Select Sales Ledger with the VAT/Tax class - Sales – Zero Rated.

  4. The VAT/Tax Class appears as Sales – Zero Rated as it is defined in the ledger master.

  5. Select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. The field Show Statutory Details will be set to No.

  1.  Press Y or Enter to accept and save.

Note: The gross assessable value of sales recorded using the VAT/Tax class - Sales - Zero Rated is captured in Zero Rated Supplies column of box 5. The Output Tax Due column will be blank as it is a zero rated sales transaction.

Mail this article