HomeGST Vouchers

|

By printing an invoice in Tally ERP 9 gives you a default title ‘Invoice’. You may want to print an invoice titled Tax Invoice to comply GST Rules. In such cases Tally allow you to print the invoice with desired title.After GST implementation the Invoice Format became common across the country. However unlike VAT there are two types of Invoices in GST; They are

  1. GST Tax Invoice: GST invoices issued by a registered dealer to the customer at the time of removal of goods in case there is a movement of goods or making it available to the customer in case of service.
  2. Bill of Supply : Bill of supply also issued by a registered GST Dealer when the goods sold should be exempted by GST law or the Taxable person registered under composition scheme.

Here I am just illustration How to print a  GST Tax bill titled ‘Tax Invoice‘.

Recommend Read : What is tax Invoice?

Lets take the following  two example  Sales transaction with GST for printing a TAX invoice

  1. On 01-02-2018 ABC Ltd sold 10 PCS DVD Player 3500 to National Electronics to a registered dealer.GST applicable is 18% .Prepare a TAX Invoice.

Step 1 : Creating TAX INVOICE Voucher Type

Lets create a new voucher type for recording & printing of a GST tax invoice.

Go to :  Gateway of Tally>Accounts Info> Voucher type>Create

In the voucher type creation screen do as instructed below.

Name: Give a name of your wish that everybody can understand while selecting voucher type during voucher entry . Let’s name it ‘GST  Invoice’.

Select type of voucher: Sales

Print After saving: Yes this will help you to print immediately after saving a voucher.

Default title to print on Invoice: Here type the name of title to be printed on the Header of Invoice. Lets Print “TAX INVOICE”. Type tax invoice.

Set/alter declaration : You can alter default the declaration if required.

Voucher type for GST invoice

Save and accept the screen by pressing enter key or shot cut key Ctrl+A .

To enter sales voucher of the above example we need the following 

Activate GST in tally erp 9

Gateway of Tally>F11 Features >F3:Statutory & Taxation

Enable Goods and Service Tax ( GST) : Yes

Set alter GST details : Yes

A new screen will displayed, enter GST details like,GSTIN/UIN etc.

Here you can set GST rate & HSN code also. A detailed post on setting up gst rate and HSN code is here.

Learn More about how to activate GST

Creating ledgers required for gst sale voucher

  1. Sale ledger, lets create a local sale ledger
  2. Party  ledger National Electronics, Make sure that you have entered the right state, address, GSTIN of customer.
  3. GST TAX  Ledger, For local sale SGST & CGST.For Interstate saleIGST

refer below posts for creating Ledgers & stock items.

You will get detailed explanation on How to create all ledgers required for GST sale voucher entry

Create the above stock items and ledgers.

Create stock item DVD

Gateway of Tally> Inventory Info>Stock Item> Create

In the stock item creation screen enable the following options.

GST Applicable: Applicable

set/alter GST Details: Yes & Set tax rate 18 % save.

GST rate hsn details in stock item

Press enter and accept all screens.

Enter sales Voucher with tax GST

Go to Gateway of Tally> Accounting Vouchers> F8 sales

Tally will ask which voucher type to be used in this sale entry.

Select sales voucher type for GST

Enter the transactions as shown in the below image.

Learn: How to enter Local sale & Interstate sales transaction with GST

Sale voucher under GST

Press enter and save to accept the screen.

Print the sales voucher as tax Invoice or GST Invoice

When you accepting the sales voucher tally will automatically display the printing configuration screen with Question Print or Not. If you left without printing and saved the voucher then; Access the voucher in alteration mode, or just press pageUp button immediately after saving the sales voucher.now click print button or use short cut key Alt+P.  Make necessary changes in the configuration screen.

invoice printing configuration

You can select number of copies & the printers to be sent for printing from this screen. As per GST rules 3 copies of invoice shall be taken in case you are selling goods with transportation. Original for buyer,Duplicate for transporter and triplicate for retaining at seller premises. In case of service invoice duplicate shall be prepared for service receiver and service provider.

Click on Yes,The Invoice will be printed as mentioned in the voucher type we have created above.

Learn : Terms&Conditions used in Tax invoice

gst invoice sample

Read this: Tax Invoice with your own terms & conditions & declaration in Tally ERP 9.

This is what we can do with Tally ERP 9 Default Invoice format to comply with GST. If you want more customised solution you can approach a tally partner near you.

Comments (2)

  • Sir
    I have been reading your posts on tally concepts. Your simple explanation of many things is really benefiting persons who are non-accounts background. Please accept my thanks for your work.
    Sir kindly explain what is the diference between entering a purchase transaction in voucher mode and Invoice mode. is it true that entering a purchase transaction in voucher mode results in not showing ‘bills payable’ under outstanding reports. I have this doubt.
    Kindly clarify and help me to understand
    Krishna

    Reply
  • My query is tax invoice is purchase invoice or sales invoice

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

shares
error: Content is protected !!

Related pages


learn tally 7.2download tally 6.3what is fictitious assetinput vat meaninglearn accounting entriespro forma invoicerules of journalisingincome tax slab for the ay 2014 15single entry accounting systemexcel shortcuts pdfwhat type of account is a suspense accounttally hoteldebtors ledgersbi cashier salaryifs code of axis bankdouble entry for prepaymentsuspense account group is defined undertally classes in bangaloresundry debitorssundry creditors accountjournal entries basicstax deductorwhen tds to be deductedtally calculatorprepaid expense journal entrybank reconciliation journal entries examplepreparation of manufacturing accountsales ledger account formattds registration feeledger meaning in marathisection 87a of income taxtally 9.0 versionsalaries earned but not paid journal entrytax slab for the ay 2014 15consultancy fees invoice formatsundry meaning in accountingharshvardhan jainservice tax computationincome received in advance journal entrytally erp downloaddebtors ledger exampleunearned income in accountingtypes of indirect expenseserase auto backupunearned income accountingunearned income balance sheetincome tax slab for the ay 2014 15bank pdcdebit journal entryaccrual vouchertally erp 9 setup free downloadjournal entry for provision for income taxsales ledger double entrytcs rate chartsales voucher definitiontally tipsbank occ full formsundry taxtally coaching classesledger entrieslpo templatesample credit memoasset purchasingincome tax tdsledger and trial balancetally erp 9 online purchaseconsumables accountingrecent income tax slabspecimen of trial balancetallysolutionaccounting groups and ledgersaccrued and prepaid expensestally9tally academy in delhi