Add to Favourites

GST Sales with Expense Ledger

In your business, you may be incurring indirect expenses like legal fees or rent that is taxable under GST. TallyPrime enables you to record such expenses with a Journal voucher using a ledger created under the Indirect Expenses account.

To record GST Sales with an Expense ledger, follow these steps: 

1. In the Journal voucher, press F12 (Configure) > set  Modify GST & HSN/SAC related details to Yes.
2. Under Particulars, credit the expense ledger created under Indirect Expenses and press Enter.
   The GST Rate and Related Details screen appears.
   Set GST Rate details to Specify Details Here and set the Nature of transaction to Local-Sales Taxable.
   If you are unable to see Local-Sales Taxable under the Natures of Transaction list, click on Show More.
   
3. Credit the tax ledgers and Debit the party ledger.
   
4. As always, you can press Ctrl+A to save the journal voucher.

You can see the impact of this transaction in GSTR-3B under Tax on Outward and Reverse Charge Inward Supplies.

Configure Expense ledger for GST Sales

If you frequently record transactions with an Expense ledger for GST sales, then you can directly configure it with GST Rate & Related Details at the ledger level at once. So, you don’t need to provide such details during voucher creation. The details are acquired from the values entered in the expense ledger.

1. Create the expense ledger under Indirect Expenses.
2. Enter the HSN/SAC & Related Details as required.
3. Under GST Rate & Related Details, set GST Rate details to Specify Details Here and set the Nature of transaction to Local Sales – Taxable.
   If you are unable to see Local Sales – Taxable under the Natures of Transaction list, click on Show More.
   
4. Select the Type of Supply as required.
5. As always, press Ctrl+A to save the ledger creation.