TallyPrime Assignment-18 [SALE 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.

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

Transactions:

30-04-2023 Sold the following items in Cash which are Nil Rated and Exempted

Name of items	Quantity	Rate	Value
Moong Dal (Loose)	50 Kg.	100	100	(Nil Rated)
Salt	20 kg.	30	30	(Nil Rated)
Bread	48 Pcs.	25	25	(Exempted)
Fruits	10 Kg.	125	125	(Exempted)

Sale Invoice of above goods are given below :

[98-Practical Assignment-TallyPrime]

GST Details of the above invoice :

When you Press Alt+A or Ctrl + O (Related Reports) and select GST – Tax Analysis from Additional Details and Press Alt + F1 or ALT+F5 for Details…you will see the GST Analysis as below by default.