Maintain B2C (Large) Invoices as per Threshold Limit

The threshold limit for B2C (Large) invoices (B2CL) has been revised from ₹2.5 lakh to ₹1 lakh. In TallyPrime, you can maintain your transactions as per the latest threshold by setting the appropriate effective dates for GSTR-1 and GSTR-3B, or by updating the applicable threshold in Company GST Details.

Set Up for Maintaining B2C (Large) Invoices

You can set up B2C (Large) Invoices using Effective Date and Threshold Limit. If you want to maintain your transactions as per the latest Threshold Limit of ₹1 lakh, then you can set the required applicable dates in Company GST Details.

Using Effective Date

1. Press Alt+G (Go To) > GSTR-1/GSTR-3B > B2C (Large) Invoices – 5A, 5B.
2. Press F2 (Period) to set the required month.
3. Press Alt+L (Set Effective Date) and set the GST Return Effective Date for GSTR-1 and GSTR-3B.
   If you consider the current month as September, you can set the Effective Date as October for GSTR-1 and as September for GSTR-3B. This will ensure that the liabilities for GSTR-3B are paid in the current month, that is, September, while GSTR-1 transactions are reported in the subsequent month, that is, October.
   
4. Press Ctrl+A to save the changes.

Using Threshold Limit in Company GST Details

1. Press F11 (Company Features) and set Enable Goods and Services (GST) to Yes.
2. Enable Set/Alter Company GST Rate and Other Details.
   The GST Rate and Other Details screen opens.
3. Press Ctrl+I (More Details).
4. Click Show More > Threshold Limit for B2CL Invoices.
5. Enter the Applicable From date along with the Threshold Limit.
   
6. Press Ctrl+A to save the changes.

For TallyPrime 4.1 or earlier Releases, click here.

Exclude the Interstate Sales to Unregistered or Consumer 

Effective from August 1, 2024, any interstate sales to unregistered or consumer parties exceeding ₹ 1 lakh must be reported as B2C (Large) Invoices – 5A, 5B. Currently, in TallyPrime, these transactions are categorized under B2C (Small) Invoices – 7. To comply with the new requirement, you will need to manually identify interstate sales to unregistered or consumer parties with transaction values exceeding ₹ 1 lakh, exclude them from the B2C (Small) Invoices – 7 bucket in GSTR-1, and file your GSTR-1 returns accordingly.

1. Press Alt+G (Go To) > and select GSTR-1.
   
2. Drill down from B2C (Small) Invoices – 7 and select interstate PoS (Place of Supply). 
   The detailed screen will display all transactions.

   

3. Drill down further to view all the transactions of that selected interstate POS.

   
   

4. Mark transactions as Excluded.
   1. Identify and select the transactions exceeding Rs. 1 lakh.
   2. Press Alt+S and choose Set GST Status to mark the selected transactions as Excluded.

      
      These transactions will be categorized under Not Relevant for This Return as Manually Excluded Transactions.

      

5. Export the GSTR-1 report in JSON, Excel, or CSV format and proceed to file your returns as usual.
6. You can manually enter the vouchers for B2CL transactions over ₹ 1 lakh, that are marked as excluded, in the GST portal in B2CL Section.

Similarly, you can identify the vouchers applicable for Amended B2C (Large) Invoices- 9A also, and mark them as excluded. Later, you can manually enter those vouchers in the GST portal.

Alter or Update Credit/Debit Notes

To alter or update the Credit/Debit Notes in the GSTR-1 Report,

1. Press Alt+G (Go To) > and select GSTR-1.
2. Select the B2C (Small) Invoices – 7 and select vouchers with interstate PoS (Place of Supply).
3. Alter the Credit/Debit Notes, as required. 
   1. Identify the interstate Credit/Debit notes where original sales is greater than ₹1 lakh and press Enter to open the voucher in the alteration mode.
      
   2. Press Ctrl+I (More details) and select Original Invoice Value of B2CL/B2CS.

      

   3. Change Original sales invoice value from Less Than or Equal to 2.5 Lakhs to More Than 2.5 Lakhs.
      
   4. Press Ctrl+A to save.
      
      These transactions will appear under Credit or Debit Notes (Unregistered) – 9B section.

      If Credit/Debit notes is under Uncertain Transactions and the value is more than ₹1 lakhs, then update or resolve the uncertain as more than ₹2.5 lakhs.

4. Export the GSTR-1 report in JSON, Excel, or CSV format and proceed to file your returns as usual.

You can manually enter the vouchers for B2C (Large) transactions over ₹2.5 lakhs, that are marked as excluded, in the GST portal in B2C (Large) Section.