Purchase of Goods or Service in TallyPrime Accounting Software
A business may incur day-to-day expenses such as rent, telephone bills, Internet Bill, stationery, petty-cash expenses, and so on, to carry out the operations. These expenses attract GST. If you are a registered dealer and purchasing from another registered dealer, and paid GST at the time of payment or purchase, you are eligible to claim …
Record Expenses with GST in Purchase Voucher (F9) in TallyPrime Read More »
When a company buys goods on credit or cash, Purchase voucher is used to record all the Purchase transactions of the company. Once you activate GST in your company, you can record the purchase of goods and services (inward supply) that attract GST using a purchase voucher. Go to Gateway of Tally > Vouchers > Press F9 (Purchase) …
Debit Note is a document issued to a party stating that you are debiting their Account in your Books of Accounts for the stated reason or vice versa. It is commonly used in case of Purchase Returns, Escalation/De-escalation in price, any other expenses incurred by you on behalf of the party etc. All features and functions …
Purchase Return / Debit Note Voucher (Alt+F5) in TallyPrime Read More »
With the introduction of GST, the goods and services have been classified into Nil Rated, Exempted, Zero Rated and Non-GST supplies. The Purchase or Sales of these goods to a local or interstate customer does not attract GST, and can be recorded using a Purchase / Sales voucher. Let us take a look at what …
Purchase of ‘Nil-Rated’ , ‘Exempted’, Items & Goods using TallyPrime Read More »
Purchase of capital goods are recorded as fixed assets and is taxable. Input tax credit can be availed. You can record taxable purchases of fixed assets (capital goods). Creating a Fixed Assets ( Capital Goods) with GST Details : [ Example : Furniture ( GST 18%) ] 1. Gateway of Tally > Create > type or select Ledger and press Enter. …
Purchase of Capital Goods with GST in Purchase Voucher (F9) in TallyPrime Read More »
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