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Sales Under Composition GST

You can record sales made within the state under GST composition scheme in sales invoice.

 

Record Sales

  1. Gateway of Tally > Vouchers > F8 (Sales).
    Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales).
  2. In Party A/c name, select the customer ledger for credit sales, and enter the Party Details.
  3. Select the Sales ledger.
  4. Select the required stock items, and specify the quantities and rates.
  5. Press Enter to save.

 

Print Invoice

  1. In the sales invoice, press Alt+P (Print) > press Enter on Current > and press I (Preview) to view the print preview. The report titles appear as per GST rules in the Voucher Printing screen.
  2. Press P (Print) to print.

 

Sale of Services with Discount

  1. Gateway of Tally > Vouchers > F8 (Sales).
    Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales).
  2. Press Ctrl+H (Change Mode) to select the required voucher mode (Accounting Invoice, in this case).
  3. In Party A/c name, select the customer ledger or the cash ledger.
  4. Select the Sales ledger, and enter the amount.
  5. Select the discount ledger created for services. Ensure the ledger is:
    • Grouped under direct or indirect expenses.
    • Is GST applicable is set to Not Applicable.
    • Include in assessable value calculation for is set to GST.
    • Appropriate to is set to Services.
  6. Enter the discount percentage or amount.
  7. Press Enter to save.

The printed invoice appears as shown:

 

Sales Returns

You can record sales returns against an earlier sales transaction using a credit note.

  1. Gateway of Tally > Vouchers > press F10 (Other Vouchers) type or select Credit Note > and press Enter.
    Alternatively, press Alt+G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Credit Note > and press Enter.
  2. Enter the Original Invoice No. and Date of the original sales against which you are receiving the goods.
  3. In Party A/c name, select the party to whom the original sales was made.
  4. Select the Sales ledger.
  5. Select the stock item which is being returned. Enter the quantities and rates as applicable.
  6. Set the option Provide GST details to Yes
  7. Select the Reason for Issuing Note and enter the details in the Statutory Details screen.
  8. Press Enter to save.
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