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Record Sales Under GST Composition

For businesses under GST Composition, sales are simpler compared to regular GST. You don’t have to charge GST separately on invoices, as tax is calculated at a flat rate on your annual turnover.

TallyPrime makes it easy for you to:

• Record local sales of goods and services, without charging GST.
• Print & share compliant invoices, with Composition declaration.
• Automatically apply Composition tax rates in your reports & returns.

Record Local Supply of Goods Under GST Composition

Under GST Composition, you can supply your goods only within the same state.

Accordingly, in a sales voucher in Item Invoice mode:

1. Select a Party A/c name with the same state as the company (Place of Supply).
   For cash sales, you can select the Cash/Bank ledger.
2. Select the common sales ledger, where GST is not applied.
3. Specify the Name of Item, the Quantity, and the Rate.
4. Skip the tax ledgers, as tax will be calculated on your turnover.
   
5. Provide other necessary details, and press Ctrl+A to save the voucher.

This transaction will appear in CMP-08 under Outward Supplies (including Exempt Supplies).

Now you are ready to print & share your compliant invoices. The Composition declaration and zero tax breakup will be applied automatically.

Record Local Supply of Services Under GST Composition

Under GST Composition, you can supply your services only within the same state.

Accordingly, in a sales voucher in Accounting Invoice mode:

1. Select a Party A/c name with the same state as the company (Place of Supply).
   For cash sales, you can select the Cash/Bank ledger.
2. Select the service ledger and enter the Amount.
3. Skip the tax ledgers, as tax will be calculated on your turnover.
4. Provide other necessary details, and press Ctrl+A to save the voucher.

This transaction will appear in CMP-08 under Outward Supplies (including Exempt Supplies).

You can record any sales returns using credit notes, as usual, without tax implication.

Once your sales are in place, you can review & upload your GST CMP-08.