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Create Voucher for Business Expenses with GST

TallyPrime helps you maintain GST compliance for your business expenses such as telephone bills, internet bill, stationery expenses, and courier charges. You can record such expenses using Purchase, Payment, or Journal voucher, and view the transaction in GSTR-3B under Eligible for Input Tax Credit.

The topic Purchases with GST in TallyPrime further showcases the business scenarios that TallyPrime handles with ease.

Let us proceed using the sample company, National Electronics, which pays telephone bills for the shop every month.

Before you begin | Prerequisites

• Make sure you are familiar with creating Purchase, Journal, and Payment vouchers in TallyPrime.
• Create an Expense ledger under Indirect Expenses, with the GST Applicability set to Applicable.

Create Purchase Voucher for Business Expenses

1. Press Alt+G (Go To) > Create Voucher > F9 (Purchase), and press Ctrl+H to choose Accounting Invoice.
2. Under Particulars, select the expense ledger and specify the Amount.
3. Select the required GST ledgers.
   
4. Complete the entries, and save the voucher by pressing Ctrl+A.

This transaction will appear in GSTR-3B under Eligible for Input Tax Credit.

Create Purchase Voucher for Services Availed as Expenses

1. Press Alt+G (Go To) > Create Voucher > F9 (Purchase), and press Ctrl+H to choose Accounting Invoice.
2. Select the State in which the services are availed.
3. Select the ledger grouped under Indirect Expenses, in which Is GST applicable is set to No.
4. Enter the total Amount of purchase, including GST.
5. Save the voucher, by pressing Ctrl+A.

Similarly, you can create expense vouchers for goods or consumables.

This transaction will appear in GSTR-3B under Not relevant in this Return.

Create Journal Voucher for Business Expenses

1. Press Alt+G (Go To) > Create Voucher, and press F7 (Journal).
2. Add the supplier invoice number by pressing F12 (Configure) > Provide Reference No. and Date > Yes.
3. Under Particulars, debit the expenses and tax ledgers, and credit the party ledger.
4. Set Provide GST Details to Yes and enter the Party Details, including supplier invoice number.
   
5. Complete the entries, and save the voucher by pressing Ctrl+A.

This transaction will appear in GSTR-3B under Eligible for Input Tax Credit.

Create Payment Voucher for Business Expenses

1. Press Alt+G (Go To) > Create Voucher, and press F5 (Payment).
2. Press F12 (Configure) and enable Supplier Inv/Ref No. and Date and Provide Party details for GST.
3. Enter the Supplier Inv/Ref No. and party details.
4. Under Particulars, select the expense and tax ledgers.
   
5. Complete the entries, and save the voucher by pressing Ctrl+A.

This transaction will appear in GSTR-3B under Eligible for Input Tax Credit.