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Record Material In Voucher Under GST

For TallyPrime 3.0 & later

With TallyPrime, you can easily record the movement of your inventory with GST taxation, using the Material In voucher.

Let us proceed using the sample company, National Electronics. As a Principal Manufacturer, you can use the Material In voucher to record the receipt of finished goods from the Job Worker. As a Job Worker, you can use this voucher to account for the receipt of raw material from the Principal Manufacturer.

Before you begin | Prerequisites

• 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.
• 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.
  • Configure GST applicability in Material In voucher type.
  • Create Stock Items with GST details.
  • Create the required tax ledgers: CGST, SGST/UTGST, and IGST.

1. In the Material In voucher, enter the Supplier Invoice No. and Date.
2. In Party A/c name, select the party from whom you are getting the material.
3. In Source Godown, select the godown from where you are getting the material.
4. Specify the Name of Item and the Quantity & Rate.
5. Select the tax ledgers.
6. Complete the entries and press Ctrl+A to save the Material In voucher.