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  • Tally Prime With GST Example - 01

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    Goyal mitra
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    Tally Prime With GST Example – 01 provides an example of accounting transactions for M/s. SARA& CO for the year 2019-2020 in Tamil Nadu, India. The document records purchases of computers and cameras from local and inter-state suppliers on credit in April and May. It also records sales of these goods on credit to local and inter-state customers in June and July. The transactions are recorded with item names, quantities, unit prices, tax rates, tax amounts to demonstrate GST accounting setup and entries in Tally Prime.

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    Tally Prime With GST Example – 01 provides an example of accounting transactions for M/s. SARA& CO for the year 2019-2020 in Tamil Nadu, India. The document records purchases of computers and cameras from local and inter-state suppliers on credit in April and May. It also records sales of these goods on credit to local and inter-state customers in June and July. The transactions are recorded with item names, quantities, unit prices, tax rates, tax amounts to demonstrate GST accounting setup and entries in Tally Prime.

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    © All Rights Reserved
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    12K views4 pages

    Tally Prime With GST Example - 01

    Uploaded by

    Goyal mitra
    Tally Prime With GST Example – 01 provides an example of accounting transactions for M/s. SARA& CO for the year 2019-2020 in Tamil Nadu, India. The document records purchases of computers and cameras from local and inter-state suppliers on credit in April and May. It also records sales of these goods on credit to local and inter-state customers in June and July. The transactions are recorded with item names, quantities, unit prices, tax rates, tax amounts to demonstrate GST accounting setup and entries in Tally Prime.

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    © All Rights Reserved
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    of 4

    Tally Prime

    Tally Prime With GST Example – 01

    Prepare Accounts in the books of M/s. SARA& CO for the following year 2019 to
    2020 (TAMIL NAADU).

    Particular DR CR
    Capital 975,000

    Cash 420,000

    Machinery 75,000

    Indian Bank 480,000

    Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)
    TRANSACTION DURING THE PERIOD

    01.April 01 - Goods Purchase on credit from M/s. LALA TRADERS (LOCAL


    SUPPLIERS-TAMILNADU) for the following: (REF.NO-548,30 Days)

    COMPUTER (GST RATE-18%,HSN-8471)


    Tax Tax
    ITEM NAME UNIT QTY UNIT PRICE VALUE Rate Amount
    I3 Computer NOS 6 15,000 90,000 0.18 16,200
    I5 Computer NOS 5 20,000 100,000 0.18 18,000
    I7 Computer NOS 12 25,000 300,000 0.18 54,000
    DIGITAL CAMARA (GST RATE-28%,HSN-8525)
    Canon Camara NOS 5 5,000 25,000 0.28 7,000
    Sony Camara NOS 20 4,500 90,000 0.28 25,200
    TOTAL 605,000 120,400

    02. May 01 - Goods Purchase on credit from M/s. BILLA TRADERS (IGST
    SUPPLIERS- KERALA) (REF.NO-687,45days)

    COMPUTER (GST RATE-18%,HSN-8471)


    Tax Tax
    ITEM NAME UNIT QTY UNIT PRICE VALUE Rate Amount
    I3 Computer NOS 8 16,000 128,000 0.18 23,040
    I5 Computer NOS 5 21,000 105,000 0.18 18,900
    DIGITAL CAMARA (GST RATE-28%,HSN-8525)
    Canon Camara NOS 5 5,000 25,000 0.28 7,000
    Sony Camara NOS 20 4,500 90,000 0.28 25,200
    TOTAL 348,000 74,140

    Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)
    03. June 01 - Sold on Credit to M/s. SAFRA TRADERS (LOCAL CUSTOMER-
    TAMILNADU); (REF.NO-412, 25 days)

    COMPUTER (GST RATE-18%,HSN-8471)


    Tax Tax
    ITEM NAME UNIT QTY UNIT PRICE VALUE Rate Amount
    I3 Computer NOS 4 25,000 100,000 0.18 18,000
    I5 Computer NOS 2 30,000 60,000 0.18 10,800
    I7 Computer NOS 3 35,000 105,000 0.18 18,900
    DIGITAL CAMARA (GST RATE-28%,HSN-8525)
    Canon Camara NOS 3 6,000 18,000 0.28 5,040
    Sony Camara NOS 3 6,500 19,500 0.28 5,460
    TOTAL 302,500 58,200

    04. July 01 - Sold on Credit to M/s. HAMA TRADERS (IGST CUSTOMER -


    DELHI) ; (REF.NO-413, 25 Days )

    COMPUTER (GST RATE-18%,HSN-8471)


    UNI Tax Tax
    ITEM NAME T QTY UNIT PRICE VALUE Rate Amount
    I3 Computer NOS 2 26,000 52,000 0.18 9,360
    I5 Computer NOS 4 32,000 128,000 0.18 23,040
    DIGITAL CAMARA (GST RATE-28%,HSN-8525)
    Canon Camara NOS 5 6,200 31,000 0.28 8,680
    Sony Camara NOS 25 6,800 170,000 0.28 47,600
    TOTAL 381,000 88,680

    Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)
    The Process of GST Setup with Transaction

    Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)

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