Get.. Tally.ERP9 Book @ Rs.550 and TallyPrime Book @ Rs.600 TallyPrime Book @ Rs.600 Tally.ERP9 Book @ Rs.550


TallyPrime Book @ Rs.600
Tally.ERP9 Book @ Rs.550

 


 
 

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:

Supply

GST Applicable

Type of Supply

Eligibility for ITC

Examples

NIL Rated

0%

Everyday items

No

Grains, Salt, Jaggery, etc.

Exempted

-

Basis essentials

No

Bread, Fresh Fruits, Fresh Milk, Curd etc.

Zero Rated

0%

Overseas supplies, Supply to Special Economic Zones (SEZ) or SEZ Developers

Yes

-

Non- GST

-

Supplies for which GST is not applicable but can attract other taxes

No

Petrol, Alcohol etc.

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

Name of items

Quantity

Rate

Value

 

Moong Dal

50 Kg.

100

5000

(Nil Rated)

Salt

20 kg.

30

600  

(Nil Rated)

Bread

48 Pcs.

25

1200

(Exempted)

Fruits

10 Kg.

125

1250

(Exempted)

 

 

Total

8050

 

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

 

Related Topics ...

 


Get.. TallyPrime Book (Advanced Usage) @ Rs. 600

Get..Tally.ERP9 Book (Advanced Usage) @ Rs. 550


U May Also Like


Most Popular Topics ...
 

Get..TallyPrime Book (Advanced Usage)
@ Rs. 600 !

17 Chapters in TallyPrime Book + 45 Practical Assignment with GST in TallyPrime & All features are described with Practical Problems with Solutions.

Buy Now

TallyPrime Book (Advanced Usage) @ Rs.600

Get..Tally.ERP9 Book (Advanced Usage)
@ Rs. 550 !

18 Chapters in Tally.ERP9 Book + 46 Practical Assignment with GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

Buy Now

Tally.ERP9 Book (Advanced Usage) @ Rs.550

Disclaimer :
The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :
Tally,TallyPrime,Tally GST,TallyERP9 GST, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.
SWAYAM EDUCATION
Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738

| About | Privacy Policy |

© 2021 : www.tallyerp9book.com