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Purchase from Unregistered Dealers under Reverse Charge in GST in Tally.ERP9
 

Under reverse charge, you can account for taxable purchase of goods from unregistered dealers (URD), purchases against advance paid, cancellation of purchase after advance payment, and purchase returns. The transaction details are captured in GSTR-3Breport.

To record purchases from an unregistered dealer, you need to

1.         Updating your party ledgers

2.         Recording a purchase invoice

3.         Recording a journal voucher to raise the tax liability

4.         GST payment voucher for paying liability under reverse charge

5.         Claim tax credit on reverse charge liability raised

1.     Updating your party ledgers

You need to identify the party as an unregistered dealer.

To update your party ledger

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Alter > select the ledger.

 

2.    Set/alter GST details? - Yes.

3.    In GST Details screen, Registration Type - Unregistered.

4.    Press Ctrl+A to save.

 

2.     Recording a purchase invoice  

To record a purchase entry

1.    Go to Gateway of Tally > Accounting Vouchers > Accounting Vouchers > F9: Purchase.

2.    Enter the details as required.

Link the bill reference of the payment voucher (by selecting Agst Ref in the Bill-wise Details screen) to the purchase invoice, if you have made an advance payment.

3.    Click A: Tax Analysis > F1: Detailed to view the detailed Tax Analysis report that displays the reverse charge amount.

4.    Press Escape (Esc) to go back to the purchase voucher.

5.    Press Ctrl+A to save.

 

3.     Recording a journal voucher to raise the tax liability

You can view the liability payable on purchase from unregistered dealers for each tax period in the Purchase from URD - Reverse Charge Liability report of GSTR-3B.

To record a journal voucher to raise the liability

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B > R: Show URD Purc. You can raise the tax liability for the amount shown in this report.

2.    Click J: Stat Adjustment.

3.    Select the options as shown below.

4.    Click F2: Date and change the voucher date as required.

5.    Debit the expense ledger or ledger grouped under Current Assets and credit the GST ledgers.

6.    Press Enter to save.

 

4.     GST payment voucher for paying liability under reverse charge

To record a tax payment voucher

1.    Go to Gateway of Tally > Accounting Vouchers > F5: Payment.

2.    Click S: Stat Payment and enter the required details.

Payment Type: Set the type of payment as Recipient Liability.

3.    Account: Select the bank from which the payment will be made.

4.    Select the central and state tax ledgers.

5.    Provide GST details: Enable this option to enter the bank details.

If the bank details are not available, you can enter them later in the Challan Reconciliation report.

6.    In the Bank Allocations screen, select the ledgers, enter the amount and provide the payment details.

7.    Press Enter to save.

 

5.     Claim tax credit on reverse charge liability raised

To claim tax credit

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B > R: Show URD Purc. You can claim tax credit for the amount shown as Liability booked in this report.

2.    Click J: Stat Adjustment.

3.    Select the options as shown below.

4.    Debit the GST ledgers and enter the amount of tax credit.

5.    Credit the expense ledger, or ledger grouped under Current Assets.

6.    Press Enter to save.

 
POPULAR TOPICS @ GST in Tally.ERP9
FAQ @ GST Invoicing and Printing
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Unregistered Dealers under GST
HSN/SAC for GST
Recording Transactions under GST
Licensing and Migration for GST
Table-wise Report of GSTR-1
Using Multiple addresses for Ledger Account
Create A Voucher Class for Inclusive of Tax Calculations
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Summary of Exceptions- GSTR-2
Table-wise Report-GSTR-2
Returns Summary – GSTR-2
Computation Details- GSTR-2
Status Reconciliation- GSTR-2
Returns Summary- GSTR-1
Computation Details- GSTR-1
Summary of Exceptions- GSTR-1
Table-wise GSTR-1
Status Reconciliation-GSTR-1
Reversal of Tax Credit under GST
Refund of Tax Credit under GST
Recording Transitional Credit under GST
Adjustments Against Tax Credit under GST
Liability for interest, Penalty, Late Fee, and other Dues in GST
Advance Payment to Supplier under Reverse Charge in GST
GST Payment Voucher
Sales Returns under GST
Export Sales under GST
Sales of Mixed supply under GST
Sales of Composite Supply under GST
Nil-Rated GST-Sales
Exempt GST-Sales
SEZ GST-Sales
GST-Sales to Consumer (B2C large and small invoices)
GST-Sales Involving Consignee (ship to) and buyer (bill to)
GST-Sale of Works Contract Services
Local GST-Sales
Interstate GST-Sales
GST-Sales of Goods and Services in a Single Invoice
Restart Voucher Numbering in GST Sale
Purchase Returns under GST
Record Inward Supply Of Services As Imports under GST
Raise Tax Liability under GST Purchase
Claim Tax Credit On The Liability Of Imports under GST Purchase
Nil Rated GST-Purchases
Exempt GST-Purchases
SEZ GST-Purchases
GST-Purchase of Works Contract Services
Local GST-Purchase
Interstate GST-Purchase
Updating / Creating a Sales Ledger under GST
Updating/Creating a Purchase Ledger under GST
Setting up GST Rates
Activating GST
Providing GST-related details
Sales Inclusive of Tax in Tally.ERP9
 
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