With the GST rollout, businesses are looking for the clarifications on how to record the transactions in the accounting software. Various GST compliant software is available in the market such as Cleartax, Tally, etc. In this article, we will explain to you how to record purchase invoice in Tally ERP 9. Release 6 for GST.Purchases can be of two types :
- Local Purchases on which CGST and SGST are applicable.
- Interstate Purchase on which IGST is applicable.
Steps to Create Purchase Invoice in Tally.ERP 9 Release 6 for GST
Step 1. Go to Gateway of Tally > Accounting Vouchers > F9 Purchase. Under supplier invoice column, enter the sales invoice no of the supplying party and under date column, enter the date on which the sales invoice was passed by the supplier.
Step 2. In Party A/c name column, select the supplier’s ledger or the cash ledger.
Step 3. Select the relevant purchase ledger. If it is local purchase ,then select purchase ledger for local taxable purchases and if it is interstate purchase,then select the purchase ledger for interstate purchases.
Step 4. Select the required items, and specify the quantities and rates.
Step 5. In case of local purchase, select the central and state tax ledger.If it is interstate purchase,select the integrated tax ledger.
- Click A : Tax Analysis.
- Click F1 : To view the detailed tax break-up.