How to Record Purchase Entry in TallyPrime? | With GST

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In the previous post we saw “How to create GST Ledgers SGST | CGST |IGST?“, now we will see “How to record Purchase entry in Tally with GST?”. So let’s start…


Record Local Purchase Entry

Local purchase (Goods or Services) means purchase from the same state like dealer in Maharashtra purchases from Maharashtra state.

It will attract GST like 100% GST = ( 50% SGST + 50% CGST).

Record Purchase Entry from the gateway of TallyPrime

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To record local purchase entry, Launch TallyPrime Select the company for you want to pass the entry.

From the gateway of TallyPrime, press “V” or click on “Vouchers”.” Accounting Voucher Creation screen” will appear. Press “F9” to enable/ activate the purchase voucher.

Let’s see with the example

Tech Life purchased “Dell 24 Inch Full HD Monitor” on 2nd May 2020 from Infosys Private Limited.

Create Ledgers of 1. Infosys Private Limited Under – Sundry Creditors. 2. Purchases Under – Purchase Accounts. As we already created stock groups and stock items so to create that refer to this article – “How to create stock groups?

Also create GST Ledgers refer this link: “How to create GST Ledgers?”

Qty. 20 Nos., Rate 15,000 Per Monitor.

Record Purchase Entry from anywhere in TallyPrime Screen

Because of the new feature in TallyPrime i.e. “Go To” or “ALT + G” you can record purchase entry from anywhere in the screen.

Record Purchase Entry from Balance Sheet

From the Balance Sheet press “ALT + G” or click on “G: Go To” and select “Create Voucher” and press “F9” and start recording purchase entry.


Interstate Purchase

To record Interstate Purchase entry create a ledger “Interstate Purchase” under the purchases account and in “Statutory Details”- Set/ Alter GST Details to “Yes “and then “GST Details Ledger” screen will appear, in Nature of transactions select the “Interstate Purchase Taxable” press “CTRl + A” to save it.

Let’s see with the example

Tech Life purchased “Intel Core i5-10400 Processor” on 2nd May 2020 from NextGen.

Qty. 20 Nos., Rate 18,000 Per Processor

Create Ledgers of 1. NextGen – Sundry Creditors ( Provide details of address and GSTIN). 2. Interstate Purchase Ledger as above created. As we already created stock groups and stock items so to create that refer to this article – “How to create stock groups? Let’s see…

From the gateway of TallyPrime, press “V” or click on “Vouchers”.” Accounting Voucher Creation screen” will appear. Press “F9” to enable/ activate the purchase voucher.

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