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Record GST Sales on Discount in TallyPrime

In your business, you may be selling items or goods and services at discount to your customers. And you will need tax computation to be done after considering the discount on the amount in the Invoice. In TallyPrime, you can

• Apply discount and calculate sale value: This process helps when your invoice needs to have multiple stock items amd each stock item has a different discount amount.
• Calculate sale value and apply discount: This process helps when your invoice needs to calculate discount on the total sales amount – before applying taxes and after applying taxes

Generate GST Invoice with Discount Applied on Each Stock Item

Provide discount details under the Disc% column

Ensure that you have enabled F11 (Configure) > Inventory > Use discount column in invoices.

In the sales voucher:

1. Select the Party ledger to whom you are providing discount on the sale.
2. Select the stock item.
3. In the item allocation screen, enter the Quantity, Rate and Disc%.
   
4. Select the required tax ledgers. Note the tax computation is done on the discounted amount.
5. Provide other necessary details and press Ctrl+A to save.

Provide discount details in the Discount field

In the sales voucher:

1. Select the Party ledger to whom you are providing discount on the sale.
2. Press F12 (Configure), and enable Provide Cash/Trade Discount. 
3. Select the stock item, and enter Quantity and Rate.In the Discount field displayed under the selected stock item, enter the discount percentage.
4. Select the discount ledger.
   It automatically sums up the discounts given on separate stock items and shows the total discount.
   
5. Select the required tax ledgers.
6. To display the Tax Analysis screen, press Ctrl+O (Related Reports) > type or select GST – Tax Analysis> and press Enter.
   
7. Provide any other necessary details in the voucher, and press Ctrl+A to save.
   
   

Generate GST Invoice with Discount Applied on Total Invoice Amount Including Taxes 

1. In the sales voucher, select the Party ledger to whom you are providing discount on the sale.
2. Select the stock item, and enter the Quantity and Rate.
3. Select the required tax ledgers.
4. Select the discount ledger and enter the amount in negative value.
   The discount amount gets deducted from the total sale value of the stock items.
   
5. Provide other necessary details, and press Ctrl+A to save the voucher.

Questions & Answers

1. I want to apply discount on total sale value without tax. How do I pass the entry?
   In the sales invoice, first select the discount ledger to enter the discount amount. Then select the tax ledger.
   The tax will be applicable on the discounted amount in this case.
   
   
2. What configurations should I give in my discount ledger?
   Refer to Set up discount ledger for GST.