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


 

Purchase of Capital Goods with GST in Purchase Voucher (F9) in Tally.ERP9

Purchase of capital goods are recorded as fixed assets and is taxable. Input tax credit can be availed.
You can record taxable purchases of fixed assets (capital goods).

Creating  a Fixed Assets ( Capital Goods) with GST Details : [ Example : Furniture ( GST 18%) ]

1.            Go to Gateway of TallyERP9 → Accounts Info → Ledger → Create

Purchase of Capital Goods with GST in Purchase Voucher in TallyERP9

2.            Under Statutory Information, Set/alter GST Details should be YES with GST Applicable. Then you will get GST Details for Ledger Screen as below:

Purchase of Capital Goods with GST in Purchase Voucher in TallyERP9

3.            Select ‘Purchase Taxable’ under Nature of transaction lists as displayed above.

4.            Select ‘Capital Goods’ in case of Nature of goods

5.            Mention GST Rate under Tax Type

6.            Select Goods or Service accordingly, then Press CTRL + A ( to Save)

Do it ... Yourself !

1.            Alter or Create the following Fixed Assets Ledger with Opening Balance & GST Compliance … as per above.

Fixed Assets:

GST Rate

Opening Balance

Furniture (18%)

18%

50,000

Machinery (5%)

5%

1,10,000

Land & Building 

NA

1,25,000

Office Equipment (12%)

12%

60,000

Computers (18%)

18%

35,000

Vehicle (18%)

18%

40,000

 

2.            Record the Purchase of following Fixed Assets ( Capital Goods) with GST Compliance under Purchase Voucher in Accounting Invoice

CAPITAL GOODS PURCHASE VOUCHER [F9] – Accounting Invoice ( Alt+i)

Date

Transactions

5/4/2020

Purchase Furniture for Rs. 40,000 from Supreme Furniture on Credit (within
state) with GST (SGST 3600 and CGST 3600)

10/5/2020

Purchase Office Equipment for Rs. 50,000 by cheque of Axis Bank Ltd. (within
state) from a Registered Showroom with GST (SGST 3000 and CGST 3000)

12/6/2020

Purchase one Computer from Excel IT Care for Rs. 35,000 on Credit with GST
(SGST 3150 and CGST 3150)

20/7/2020

One Vehicle is Purchased for Office purpose from Honda Motors Ltd. for
Rs. 60,000 with GST (SGST 5400 and CGST 5400)


Related topics....

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e-Way Bill using Tally.ERP9

Price Levels and Price List in TallyERP9

Purchase of Capital Goods with GST in Purchase Voucher (F9) in Tally.ERP9

Purchase of ‘Nil-Rated’ , ‘Exempted’, Items & Goods using Tally.ERP9

Purchase Order Processing in TallyERP9

Record Expenses with GST in Purchase Voucher (F9) in Tally.ERP9

Sale of Goods and Services in a Single Invoice with multiple GST Rate in Tally.ERP9

Sale of Items and Goods with Inclusive of Tax Rate in Tally.ERP9

Sale of Items and Goods with Separate Actual and Billed Quantity Columns in Tally.ERP9

Sale of Items and Goods with Zero Valued Entries (Free Products) in Tally.ERP9

Sale of Nil-Rated, Exempted Supplies of Items and Goods using Tally.ERP9

Sales Order Processing in TallyERP9

TDS (Tax Deducted At Source) using TallyERP9

Cost Centre and Cost Category in TallyERP9

 

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

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


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