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

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.

Stock items are goods that you manufacture or trade (sell and purchase). It is the primary inventory entity. Stock Items in the Inventory transactions are similar to ledgers being used in accounting transactions.

1.            Go to Gateway of Tally > Inventory Info. > Stock Item > Create (under Single Stock Item ).

2.            Enter the Name of the Stock Item.

3.            Enter the Alias name of Stock Item (if required).

4.            The field Under will show the List of Groups . Here you can select the Stock Group to which the Stock Item belongs. By default, Primary Stock Group appears in this field.

Note: You can create a new stock Group by pressing Alt+C at this field.

5.            This field will show the Unit List . Here you can select the Unit of measure (UoM) applicable for the stock item. By default, Not Applicable appears in this field.

Note: You can create a new UoM by pressing Alt+C at this field. For stock items without UoM, the cursor will not move to the Quantity field during voucher entry.

Setting Nil-Rated & Exempted items and Goods :

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

Sale Invoice of above goods are given below :

To see the Tax Analysis (Alt+A) with Details (Alt+F1) of the above invoice :

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