Sales Process of Goods and Services-TallyPrime-3 and Higher

Enable Item Rate (Inclusive of Tax) in Sale Invoice (TallyPrime-Rel.3 & Higher)

When defining the price of the item you can include the tax rate. This inclusive Tax Rate can assign during sale under two ways..

  1. Permanently at the time of Creating a Stock Items
  2. In Sale Invoice, selecting the option – Allow inclusive of tax for stock items to YES in F12: Configuration.

1. Enable Item Rate (Inclusive of Tax) at the time of Item Creation / Alternation mode :

  1. Gateway of TallyCreate > type or select Stock Item > and press Enter.

Alternatively, press Alt+(Go To) > Create Master > type or select Stock Item > and press Enter.

[65-Sales Process in TallyPrime-3 & Higher]

  1. Set Is inclusive of duties and taxes? to Yes .
  2. To activate this option in Item creation screen, Press F12: Configure .
  3. Set Inclusive of Duties and Taxes option to Yes  under Statutory Details.

[66-Sales Process in TallyPrime-3 & Higher]

  1. Press Ctrl+A to go to the Stock Item Alteration screen.
  2. Enter the Rate of Duty , as required.
  3. Press Ctrl+A to save the ledger.

2. Activation of Item Rate Inclusive of Tax in F12: Configuration during Sale Entry.

  1. Gateway of TallyVouchers > press F8 (Sale).

Alternatively, Alt+G (Go To) > Create Voucher > press F8 (Sale)

  1. Press F12: Configuration and Set Provide Rate Inclusive of Tax for Stock Items to Yes .

[67-Sales Process in TallyPrime-3 & Higher]

  1. An extra Inclusive of Tax Rate column will be added with normal Rate column in Sale Voucher screen.
  2. Assign Inclusive Tax Rate of the Item in Incl. of Tax Rate Column, TallyPrime will automatically calculate the Items Value after deducting GST as per given Sale Invoice with example.
See also  GST Sale of a Composite Supply (Sale of Items & Goods with Expenses Apportioning) in TallyPrime

Example :

Sole 1 Nos. DVD Drive Samsung of Rs. 1500 (Inclusive of GST @ 12%) in cash.

Sale Invoice will be as below :

[68-Sales Process in TallyPrime-3 & Higher]

[Practical Assignment]

(Sales Transactions)

SALE TRANSACTION [F8]

Swayam Sales Sold the following Items and Goods to various Customer both within State as well as Outside State with GST .

Record the following Sales Transactions after referring Para – 5.3.

Suggestion:

Before start your Sale Voucher, you may Alter your Sale Voucher Class into (i) GST  & (ii) IGST with predefined Sale Ledger , GST Ledger, Rounded Off Ledger, so that your Sale Voucher entry will be Speedy with 100% accuracy.

[69-Sales Process in TallyPrime-3 & Higher]

GST Class Details :

[70-Sales Process in TallyPrime-3 & Higher]

IGST Class Details :

[71-Sales Process in TallyPrime-3 & Higher]

Go to F11 (Features) → Enable ‘Yes” to ‘Use Discount Column in Invoices’ under Inventory Features : to provide Trade Discount product-wise.

  1. 13/4/2023 Sold the following Items to Lexsite Pvt. Ltd
Cabinet 2  Nos.  5000
CD Drive 5  Nos.   600
Dvd Drive Samsung 5  Nos.  1250
Keyboard-Logitech 2  Nos.  1750
Keyboard-I Ball 2  Nos.  1000

 [ Invoice value Rs. 27,335]

  1. 24/4/2023 Sold the following Items with Discount 2% for each Items to Stabilo
Printer Epson Lq1024 1 Nos. 18725
Printer HP Laser Jet 1 Nos. 17120
Printer Samsung Laser Jet 1 Nos. 16050
Microsoft Office 2003 2 Nos. 1200
Printer Epson Lq1024 1 Nos. 18725

 [ Invoice value Rs. 60,642 with Rounded off (-) 0.40]

  1. 28/4/2023 Sold the following Items Shwetha &Co
See also  Debit Note for the Increase in Sale Value in TallyPrime-Rel.3 & Higher
Anti Virus Norton 5 Nos.   2160
Anti-Virus Symentech 5 Nos.   1800
TallyPrime Gold 1 Nos. 45000
TallyPrime Silver 1 Nos. 15000

 [ Invoice value Rs. 92,214]

  1. 4/5/2023 Sold the following Items in cash with discount to Rony Antony & Co
Monitor LG14” 1 Nos.   8800 2% (Discount)
Monitor Samsung G17” 1 Nos. 10450 4% (Discount)
Monitor Sony20” 1 Nos. 17600 3% (Discount)

 [ Invoice value Rs. 40,015 with Rounded off (-) 0.36]

  1. 9/5/2023 Sold the following Items to Sodexo Gift Voucher.
Laptop ACER 4720Z 1 Nos. 37,000
Laptop Compaq A901TU 1 Nos. 40,000
Laptop HCL MiLeap 1 Nos. 39,000
Desktop Lenovo K200 1 Nos. 55,000

[ Invoice value Rs. 2,13,380]

  1. 9/5/2023 Sold the following Items to Adarsh Tiles Pvt. Ltd.
Processor Intel 1 Nos. 5500
Processor AMD Athlon™X2 Dual-Core 1 Nos. 7500
Processor Intel Celeron Dual Core E1200 1 Nos. 3300

 [ Invoice value Rs. 19,234]

  1. 11/5/2023 Sold the following Items to Shaliesh and Sons
Webcam ADCOM 2Nos.     600
Webcam Logitech 1Nos.   2100
Carry Case (Laptop) 1Nos.   1275
TallyPrime Gold   45000

 [ Invoice value Rs. 57,904 with Rounded off (+) 0.24]

  1. 11/5/2023 Sold the following Items to Chitra &Co.
Windows Xp 1 Nos. 1275
UPS Apc 1 Nos. 2000
Speakers 2 Nos. 1200
TV Tuner 1 Nos. 1500
UPS Microtech 2 Nos. 2200

[ Invoice value Rs. 12,602 with Rounded off (+) 0.24]

  1. 26/5/2023 Sold the following Items to Eric Enterprises (IGST)
Ram 1 GB 1 Nos. 3000
Ram 2 GB 1 Nos. 3500
Ram 4 GB 1 Nos. 4375
Ram 512 GB 1 Nos. 2600
Ram 8 GB 1 Nos. 5600

 [ Invoice value Rs. 21,182]

  1. 30/5/2023 Sold the following Items to Darshan & Sons (IGST)
See also  Sale Voucher with Item Invoice for GST Compliance in TallyPrime Accounting Software
Laptop ACER 4720Z 1 Nos. 40000
Laptop Compaq A901TU 1 Nos. 42000
Laptop HCL MiLeap 1 Nos. 39000
Laptop HP-530 KD100AA 1 Nos. 52000
Laptop IBM Thinkpad R50e 1 Nos. 32000

 [ Invoice value Rs. 2,62,400]

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