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
Tax Liability on Advance Receipts against GST Sales in Tally.ERP9

When advance is received and an invoice is not recorded against the advance in the same period, the taxable person has to pay tax on the amount of advance received. Over a taxable period, keeping track of the advance received and creating tax liability for such an amount will be a difficult task.

The report Advance Receipt – Tax Liability provided in Tally.ERP 9 will help you get the details of all advance receipts in a period. With this report it is easy to get the details of advance received, invoice created, and liability booked against the total advance amount. Thus, providing you with the details of unbilled advance amount for which liability is not created yet.

To view the Advance Receipts Summary

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

2.    Select Amount unadjusted against supplies under Advance Receipts, and press Enter.

The Advance Receipts Summary report appears as shown below:

The advance receipt amount is listed based on the Place of Supply. The total advance and the unadjusted advance amount are displayed for each place of supply.

Place of Supply: Displays the state name of the parties from whom advance was received.

Advance Received: Displays the total amount received as an advance from parties located in the particular place of supply.

Unadjusted Advance: Displays the advance amount pending for which invoice or liability was not created in the period. The tax payer has to create liability and pay tax for such an unadjusted amount.

Validate Unadjusted Advance and Create Liability

Drill down from any place of supply to view the Advance Receipt – Tax Liability report.

The amount of advance received and the amount for which invoices are not raised against the advance are displayed voucher-wise in this report. The report is divided into three sections, GST Advance ReceiptsGST Advance Receipts – Mismatch, and Summary of Tax Liability.

GST Advance Receipts: Under this section, the advance receipt vouchers with tax rate and assessable value are displayed. And, the advances that are partially adjusted by recording sales bills with same tax rates are also displayed.

GST Advance Receipts  - Mismatch: Under this section, the advance receipt vouchers with incomplete tax rate and assessable value details are displayed. And, the advances that are partially adjusted by recording sales with different tax rate are also displayed. Due to the difference in tax rates recorded in advance and sales tax liability is not computed on the advance amount.

Summary of Tax Liability: Under this section, the tax rate-wise break-up of amount received as advance is shown under the following columns:

     Unadjusted Advance: The advance amount for which no adjustment transaction is recorded is shown in this column.

     Liability Booked: The advance amount for which liability is booked by recording a journal adjustment transaction is shown in this column.

     Balance Liability to be Booked: The advance amount pending after booking sales and liability is shown in this column. Tax liability has to be booked for this amount.

     The value from advance receipt transactions with mismatch is shown as an aggregate value without any break-up.

Note: Click F1: Detailed to view the sales and credit note transactions recorded to adjust the amount of advance received.   

To create liability for the pending advance amount

     Click J: Stat Adjustment and record the journal voucher. Click here for the steps on creating journal voucher for increasing tax liability on account of the advance received.

To view vouchers for tax liability already booked

     Click L: Liability Booked. The Liability Booked Against Advance report appears as shown below:


FAQ @ GST Invoicing and Printing
FAQ @ GST Features and Tax Calculations
Unregistered Dealers under 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
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 |