Sale of ‘Nil-Rated’ , ‘Exempted’, Supplies using TallyPrime

With the introduction of GST, the goods and services have been classified into Nil Rated, Exempted, Zero Rated and Non-GST supplies. The Purchase or Sales of these goods to a local or interstate customer does not attract GST, and can be recorded using a Purchase / Sales voucher.  Let us take a look at what distinguishes each of them with some examples:

In case of above Items and Goods , the option Nil Rated / Exempt has to be selected as the Taxability in the GST Details screen of the item or  item group master.

Setting Nil-Rated & Exempted items and Goods :

85

Transactions:

Sold the following items in Cash which are Nil Rated and Exempted

Sale Invoice of above goods are given below :

135

GST Details of the above invoice :

When you Press Ctrl + I (More Details) and select GST – Tax Analysis from Additional Details and Press Alt + F1 for Details…you will see the GST Analysis as below by default.
136

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