Supplies under section 7 of IGST act
1.3 هزار بار بازدید -
4 سال پیش
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Hello Friends ,
Wellcome back on our Channel FLI (First Learning Institute ) . We are provide online solutions for Tally.ERP9 , MS word, PPT, Advance Excel, basic computer, etc.
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Today Question : -
How to manage Supplies under Section 7 of IGST in Release 6.6.3 and Latest Releases ?
FLI Solutions : -
Supplies under Section 7 of IGST in Release 6.6.3 and Later Releases
It is easy to mark an invoice as supplies under section 7 of IGST and automatically include them in GST returns. When you mark an invoice as under supplies under section 7, Tally.ERP 9 inherently accepts the alteration of nature and does not show a error while saving the transaction.
In this section
Purchase of transport expenses
Sales of courier services
Purchase of transport expenses
1. Go to Gateway of Tally - Accounting Vouchers - F9: Purchase .
2. Click I : Accounting Invoice to record in accounting invoice mode.
3. Click F12: Configure and enable the option Allow modification of tax details for GST .
4. Select the party ledger having the Company's State .
5. Select purchase ledger defined with GST rate.
6. As this is an import service, change the Classification/Nature to Interstate Purchase Taxable in GST Details screen.
7. Select the IGST ledger.
8. Set the option Provide GST details? to Yes .
o In the Statutory Details screen, set the option Supplies under section 7 of IGST Act? to Yes .
o Press Enter .
9. Press Enter to save the transaction.
This transaction is included in GST returns without being considered as exception. Incase the option Supplies under section 7 of IGST Act? is not set to Yes . A message is shown while saving the invoice and the transaction will appear under Incomplete/mismatch in information (to be resolved) in GSTR-3B and Annual Computation . You can click S : Set as sec.7 in GST reports to include this into your returns.
Sale of courier services
As per Notification No. 01/2019, IGST is applicable when such services are provided within or outside the state.
1. Go to Gateway of Tally - Accounting Vouchers - F8: Sales .
2. Click I : Accounting Invoice to record in accounting invoice mode.
3. Click F12: Configure and enable the option Allow modification of tax details for GST .
4. Select the party ledger having the Company's State .
5. Select sales ledger defined with GST rate.
6. As this is an export service, change the Classification/Nature to Interstate Sales Taxable in GST Details screen.
7. Select IGST ledger.
8. Set the option Provide GST details? to Yes .
o In the Statutory Details screen, set the option Supplies under section 7 of IGST Act? to Yes .
o Press Enter .
9. Press Enter to save the transaction.
Wellcome back on our Channel FLI (First Learning Institute ) . We are provide online solutions for Tally.ERP9 , MS word, PPT, Advance Excel, basic computer, etc.
like, share and #subscribe for latest videoes.
If you have any Questions plz update your Questions in Video Comments .
Today Question : -
How to manage Supplies under Section 7 of IGST in Release 6.6.3 and Latest Releases ?
FLI Solutions : -
Supplies under Section 7 of IGST in Release 6.6.3 and Later Releases
It is easy to mark an invoice as supplies under section 7 of IGST and automatically include them in GST returns. When you mark an invoice as under supplies under section 7, Tally.ERP 9 inherently accepts the alteration of nature and does not show a error while saving the transaction.
In this section
Purchase of transport expenses
Sales of courier services
Purchase of transport expenses
1. Go to Gateway of Tally - Accounting Vouchers - F9: Purchase .
2. Click I : Accounting Invoice to record in accounting invoice mode.
3. Click F12: Configure and enable the option Allow modification of tax details for GST .
4. Select the party ledger having the Company's State .
5. Select purchase ledger defined with GST rate.
6. As this is an import service, change the Classification/Nature to Interstate Purchase Taxable in GST Details screen.
7. Select the IGST ledger.
8. Set the option Provide GST details? to Yes .
o In the Statutory Details screen, set the option Supplies under section 7 of IGST Act? to Yes .
o Press Enter .
9. Press Enter to save the transaction.
This transaction is included in GST returns without being considered as exception. Incase the option Supplies under section 7 of IGST Act? is not set to Yes . A message is shown while saving the invoice and the transaction will appear under Incomplete/mismatch in information (to be resolved) in GSTR-3B and Annual Computation . You can click S : Set as sec.7 in GST reports to include this into your returns.
Sale of courier services
As per Notification No. 01/2019, IGST is applicable when such services are provided within or outside the state.
1. Go to Gateway of Tally - Accounting Vouchers - F8: Sales .
2. Click I : Accounting Invoice to record in accounting invoice mode.
3. Click F12: Configure and enable the option Allow modification of tax details for GST .
4. Select the party ledger having the Company's State .
5. Select sales ledger defined with GST rate.
6. As this is an export service, change the Classification/Nature to Interstate Sales Taxable in GST Details screen.
7. Select IGST ledger.
8. Set the option Provide GST details? to Yes .
o In the Statutory Details screen, set the option Supplies under section 7 of IGST Act? to Yes .
o Press Enter .
9. Press Enter to save the transaction.
4 سال پیش
در تاریخ 1399/06/23 منتشر شده
است.
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