Simplest way to learn GST in Tally.ERP9
Get TallyERP9 Book with GST Updated for Rs.450 Tally.ERP9 Book + GST for Tally Book CONTENTS Get TallyERP9 Book with GST Updated for Rs.450
Reverse Charge on Sales of Goods and Services under GST in Tally.ERP9
 

Some goods and services are classified as reverse charge supplies which do not have any tax implications for sales. You can record such invoices and view the tax break-up in the tax analysis section of the printed invoice. The transactions will be captured in the B2B invoices section of the GSTR-1 report, with the tax break-up of the buyer's liability.

1.       Outward supply of goods

2.       Outward supply of services

3.       Buyer's liability under reverse charge

1.     Outward Supply of Reverse Chargeable Goods

To configure your stock item

1.    Go to Gateway of Tally > Stock Items > Alter > select the stock item.

2.    GST Applicable? - Applicable.

3.    Set/alter GST Details? - Yes. In the GST Details screen:

     Taxability - Taxable.

     Press F12: Configure and set Enable reverse charge calculation? to Yes.

     Is reverse charge applicable? - Yes.

o     Set the GST rate details.

4.    Accept the stock item.

To record a sales invoice for reverse chargeable goods

Record a sales invoice by selecting the stock item enabled for reverse charge.

The Tax Analysis screen (click A: Tax Analysis in the sales invoice) displays the tax under reverse charge.

The printed item invoice appears with the tax analysis and the information that the tax amount is subject to reverse charge.

 

2.     Outward Supply of Reverse Chargeable Services

To configure your sales ledger

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

2.    Is GST Applicable? - Applicable.

3.    Set/alter GST details? - Yes. In the GST Details screen:

     Taxability - Taxable.

     Press F12: Configure and set Enable reverse charge calculation? to Yes.

     Is reverse charge applicable? - Yes.

     Enter the GST rates.

4.    Accept the ledger.

To record a sales invoice for reverse chargeable service

Record an accounting invoice with the sales ledger enabled for reverse charge.

The Tax Analysis screen (click A: Tax Analysis in the sales invoice) displays the tax under reverse charge.

The printed accounting invoice appears with the tax analysis and the information that the tax amount is subject to reverse charge.

 

3.     Buyer's Liability under Reverse Charge

To view the buyer's liability in GSTR-1 report

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-1.

2.    Press Enter on B2B Invoices. The Voucher Register displays the reverse charge liability of buyer.

 

 
 
POPULAR TOPICS @ GST in Tally.ERP9
FAQ @ GST Invoicing and Printing
FAQ @ GST Features and Tax Calculations
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
Creating Voucher Types in Tally.ERP9
Restarting Voucher Numbering
Renewing Your Tally Software Service subscription for Tally.ERP 9
How to Upgrade to the Latest Tally.ERP 9 Release
How to Update Your Tally.ERP 9 License
How to Reactivate Tally.ERP 9 License
Surrendering Tally.ERP 9 License
Activating Tally.ERP 9 License
Configuring Tally.ERP 9 License from Tally Gateway Server
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
 
| Setup GST | GST Purchase | GST Sales | GST Adjustment | GSTR-1 Report | GSTR-2 Report | GSTR-3B Report | GST Report | GST Topics | Tally.ERP9 Book |