Record GST Invoice for Material Out
For TallyPrime 3.0 & later
In your business, inventory often needs to be moved from one location to another. In certain scenarios, this involves sending goods to customers or other parties. With TallyPrime Release 3.0, you can now record such movements seamlessly using the Material Out voucher with integrated GST taxation.
For example:
- If you are a Principal Owner, you can use this voucher to record the issue of goods to an agent for consignment sales.
- If you are an Agent, you can use this voucher to record the return of goods to the Principal Owner.
- Make sure that GST details are configured for your Company. If you have multiple GST registrations, you may configure all registrations in the same Company.
- Activate Material Out voucher type and configure as needed for your business.
- Though you can create masters in the flow of your transactions, it is recommended that you set up masters to ensure consistency in GST details.
- Configure GST details in party masters.
- Create Stock Items with GST details.
- Press Alt+G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Material Out and press Enter.
- In Party A/c name, select the party ledger to whom you are sending the material.
- In Destination Godown, select the godown to where you are sending the material.
- Enter stock item details, including Quantity and Rate.
- Select the applicable tax ledgers – CGST & SGST for local transfer; IGST for interstate transfer.
- Provide other necessary details and press Ctrl+A to save.
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