{"id":26054,"date":"2021-12-20T18:03:43","date_gmt":"2021-12-20T12:33:43","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=26054"},"modified":"2025-02-12T12:30:57","modified_gmt":"2025-02-12T07:00:57","slug":"record-sales-purchase-entry-in-tally-with-gst","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/record-sales-purchase-entry-in-tally-with-gst","title":{"rendered":"How to Record Sales & Purchase Entry in Tally with GST"},"content":{"rendered":"\n
Sale and purchase are the most common entries in accounting. Recording transactions accurately is essential because most government regulations, taxation compliances, and accounting standards are based on business sales and purchase volume.<\/p>\n\n\n\n
For example, businesses are liable for Tax Audit under section 44AB when sales receipt is more than one crore in a financial year.<\/p>\n\n\n\n
Sale and purchase entry in Tally with GST is confusing because there are many factors that the accountants should consider. Inaccurate recording of GST could lead to problems like GSTR-2A mismatch, wrong ITC claims, and a wrong balance sheet. Here is your guide to record sales and purchase entry in Tally accurately.<\/p>\n\n\n\n
Suggested Read: How to Create Ledger in Tally ERP 9<\/a><\/strong><\/p>\n\n\n\n Take the following steps to make a purchase entry with GST in Voucher Mode in TallyPrime.<\/p>\n\n\n\n Step 1: Go to the Voucher Mode<\/strong><\/p>\n\n\n\n Step 2: Fill the Fields<\/strong><\/p>\n\n\n\n Step 3: Other Details<\/strong><\/p>\n\n\n\n Let’s learn with an example about how to make an entry for purchase in Tally easily:<\/p>\n\n\n\n ABC is a computer trader. ABC purchased a laptop (for selling) worth 15000 at credit from a local seller registered in the same state. GST applicable on the laptop is 18%.<\/p>\n\n\n\n Follow the steps mentioned to make an entry of sales voucher in Tally in Voucher Mode.<\/p>\n\n\n\n (You can define taxability of the item while entering the stock item, and the purchase entry will automatically book the GST).<\/p>\n\n\n\n Suggested Read: Types of Voucher in Tally ERP 9 to Manage Transactions<\/a><\/strong> | Top Tally Alternatives<\/strong><\/a><\/p>\n\n\n\n You can take the following steps to make a Tally Sales entry with GST in Voucher Mode.<\/strong> <\/p>\n\n\n\n Step 1: Go to the Voucher Mode<\/strong><\/p>\n\n\n\n Step 2: Fill the Fields<\/strong><\/p>\n\n\n\n Step 3: Mention Other Details<\/strong><\/p>\n\n\n\n Here is an example of how you can make sales entry with GST in Tally:<\/p>\n\n\n\n ABC company Sold a laptop to Heritage Traders for \u20b920,000 on credit. Sale is interstate, and GST chargeable is 18 percent.<\/p>\n\n\n\n * Debit the Sundry Debtor Account (Heritage Traders) by 20000+18% of 1=5000= 23,600<\/p>\n\n\n\n * Credit Sales A\/c by 20000 (Actual Sales Value)<\/p>\n\n\n\n * Credit IGST (Inwards) 18% = 3600<\/p>\n\n\n\n * Enter Narration<\/p>\n\n\n Suggested Read: How to File GSTR 1 Using Tally.ERP 9 \u2013 A Step By Step Guide<\/a><\/strong><\/p>\n\n\n\n Follow the steps mentioned below to make sales entry in Tally as Invoice:<\/p>\n\n\n\n It is extremely tough for beginners to understand all aspects of Tally sales and purchase transactions. As a beginner, here are a few things that you must know i.e., as voucher and item invoice recording.<\/p>\n\n\n\n Any purchase and sales entry in Tally with GST can be recorded in two different methods. The first is the voucher type, and the second is the Invoice type.<\/p>\n\n\n\n As Voucher: <\/strong>In this, you can record sales or purchases and GST payable or receivable as a voucher. There are no item-wise details and breakdown in voucher type entry. It is applicable primarily for service-based businesses and traders who don\u2019t want to maintain stock, and item-wise breakdown can skip this part.<\/p><\/li>\n\n\n\n As Item Invoice Recording: <\/strong>There is an itemized breakdown of every sale and purchase transaction in this type of recording. Traders and manufacturers specifically use the method to record transactions at multiple GST rates.<\/p><\/li>\n<\/ul>\n\n\n\n Suggested Read: Best Reseller Apps in India for Selling and Online Shopping<\/a><\/strong><\/p>\n\n\n\n Most traders, departmental stores, etc., use POS software to record transactions<\/a> and generate invoices. Recording transactions as vouchers is the most common type of sale and purchase GST entry in Tally ERP<\/a> 9.<\/p>\n\n\n\n Ledgers that you should make before making purchase and sales entry in Tally with GST.<\/p>\n\n\n\n<\/span>Purchase Entry in TallyPrime with GST<\/span><\/span><\/h2>\n\n\n\n
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<\/span>Example of Purchase Entry with GST in Tally<\/span><\/h3>\n\n\n\n
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<\/span>GST Purchase Entry in Tally as Invoice<\/span><\/h3>\n\n\n\n
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<\/span>Sales Entry in Tally Prime with GST<\/span><\/span><\/h2>\n\n\n\n
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<\/span>Sales Entry in Tally with GST Example<\/span><\/h3>\n\n\n\n
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<\/span>GST Sales Entry in Tally as Invoice<\/span><\/h3>\n\n\n\n
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<\/span>Things to Know Before Making Sale & Purchase Entry in Tally with GST<\/span><\/span><\/h2>\n\n\n\n
<\/span>Types of Sale and Purchase Recording in TallyPrime<\/span><\/h3>\n\n\n\n
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<\/span>Ledgers You Must Have Before Making Sale and Purchase GST Entry in TallyPrime<\/span><\/h3>\n\n\n\n
Purchase Entry<\/strong><\/td> Sales Entry<\/strong><\/td><\/tr> Intrastate Purchase (CGST and SGST)<\/td> Intrastate Sales (CGST and SGST)<\/td><\/tr> Interstate Purchase (IGST)<\/td> Interstate Sales (IGST)<\/td><\/tr> CGST (Receivable)<\/td> CGST (Payable)<\/td><\/tr> SGST (Receivable)<\/td> SGST(Payable)<\/td><\/tr> IGST (Receivable)<\/td> IGST(Payable)<\/td><\/tr> Supplier\/ Vendor Ledger<\/td> Customer \/ Sundry Debtor Ledger<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n \n