TallyPrime Assignment-15 [PURCHASE VOUCHER OF NIL-RATED, EXEMPTED ITEMS]

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 distinguishes each of them with some examples:

Supply	GST Applicable	Type of Supply	Eligibility for ITC	Examples
Nil Rated	0%	Everyday items	No	Grains, Salt, Jaggery, etc.
Exempted	–	Basic essentials	No	Bread, Fresh fruits, Fresh milk, Curd, etc.
Zero Rated	0%	Overseas supplies, Supply to Special Economic Zones (SEZ) or SEZ Developers	Yes	–
Non-GST	–	Supplies for which GST is not applicable but can attract other taxes	No	Petrol, Alcohol, etc.

In case of above Items and Goods , the option Nil Rated / Exempt has to be selected as the Taxability in the GST Details screen of the item or  item group master.

Purchase of ‘Nil-Rated’, ‘Exempted’, Items & Goods using TallyPrime

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 distinguishes each of them with some examples:

Supply	GST Applicable	Type of Supply	Eligibility for ITC	Examples
NIL Rated	0%	Everyday items	No	Grains, Salt, Jaggery, etc.
Exempted	–	Basis essentials	No	Bread, Fresh Fruits, Fresh Milk, Curd etc.
Zero Rated	0%	Overseas supplies, Supply to Special Economic Zones (SEZ) or SEZ Developers	Yes	–
Non- GST	–	Supplies for which GST is not applicable but can attract other taxes	No	Petrol, Alcohol etc.

In case of above Items and Goods , the option Nil Rated / Exempt has to be selected as the Taxability in the GST Details screen of the item or  item group master.

Setting Nil-Rated & Exempted items and Goods :

[82-Practical Assignment-TallyPrime]

Swayam Sales deals the following Nil-Rated / Exempted Items and goods which purchased and sold in his business.

Create the following Items as details given.

EXEMPTED ITEMS (Group)	Unit	HSN	Taxability	GST Rate
Moong Dal (Loose)	Kg.	0713	Exempted	0%
Salt	Kg.	2501	Nil	0%
Bread	Pcs	1905	Exempted	0%
Fruits	Kg.	0810	Exempted	0%

Transactions:

15-04-2023 Purchase the following items in Cash from Registered Dealer which are Nil Rated and Exempted

Name of items	Quantity	Rate	Value
Moong Dal	70 Kg.	85	5950
Salt	25 kg.	25	625
Bread	60 Pcs.	22	1320
Fruits	20 Kg.	110	2200

Purchase Invoice of above goods are given below :

[83-Practical Assignment-TallyPrime]

Press ALT+A – GST Analysis as below :

[84-Practical Assignment-TallyPrime]