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GST Sales with Discount at Item Level

You can record GST sales with discount at item level in TallyPrime. While recording a sales transaction, you can easily enter the discount rate or amount for each stock item. To consider discounts for GST sales, you have to create a discount ledger and then select it in the invoice.

GST is calculated by considering the discount entered for each stock item after you enable the cash/trade discount option in the invoice. The corresponding tax values will appear in the GST analysis of items on the printed invoice.

Create a Discount Ledger

  1. Gateway of Tally > Create > type or select Ledger > and press Enter.
    Alternatively, press Alt+G (Go To) > Create Master >type or select Ledger > and press Enter.
  2. Type of Ledger: Select as Discount from the Type of Ledger list.
    Now the option Is GST Applicable? will be set to Not Applicable by default.

Record GST Sales with Discount

  1. Gateway of Tally > Vouchers > press F8 (Sales).
    Alternatively, press Alt+G(Go To) > Create Voucher > press F8 (Sales).
  2. Select the Party A/c name and the Sales ledger.
  3. Select the stock item, and enter the Quantity and Rate.
  4. In Discount, enter the discount rate or the discount amount applicable for the stock item.
  5. Select the discount ledger. The total discount amount will be computed and displayed.
    Note: You can alter the total discount amount, if required. For example, if you want to allow a maximum discount of Rs 50,000 in a bill, and your total discount amount exceeds this amount, you can alter the final amount. The discount will be apportioned according to the discount given at the item level.
  6. Select the applicable GST ledgers.
  7. To Display the Tax Analysis screen, press Ctrl+O (Related Reports) > type or select GST – Tax Analysis> and press Enter.

    Note: If you are on TallyPrime Release 1.1.3 or earlier, follow the step:
    To Display the Tax Analysis screen, press Ctrl+I (More Details) > type or select GST – Tax Analysis> and press Enter.

    • Press Alt+F5 (Detailed) to view in detailed mode of tax break-up details. The Tax Analysis screen appears as shown below:
  8. In the sales invoice, press Ctrl+P and press P (Print) to print the invoice
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