Entry for Air ticket

This query is : Resolved

Quick Summary

The discussion explained how to record an air ticket purchase entry in Tally with GST. It covered creating purchase, supplier, CGST, and SGST ledgers, recording ticket expenses, and accounting for input tax credit on GST charged by the travel agency.

ABHISHEK KUMAR

ABHISHEK KUMAR (Querist)
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27 December 2021 Our company had purchased flight ticket for Rs 12639 from Tours & Travels agency on which taxable value of ticket is Rs 493 & CGST & SGST charged @ 9% Rs 44.44 each.how we will do the entry for the following transaction in tally.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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06 July 2024 To record the purchase of flight tickets including GST in Tally, you would typically follow these steps:

1. **Create Ledger Accounts:**
Ensure you have the necessary ledger accounts set up in Tally:
- **Purchase Ledger**: For recording the purchase of flight tickets.
- **CGST Ledger**: For recording CGST (Central Goods and Services Tax).
- **SGST Ledger**: For recording SGST (State Goods and Services Tax).

2. **Record the Purchase Entry:**
Here’s how you would enter the transaction in Tally:

**Debit**: Purchase Ledger Account (Flight Tickets) - Rs. 12639
**Credit**: Supplier Ledger Account (Tours & Travels Agency) - Rs. 12639

This records the purchase of the flight tickets.

3. **Record GST Entries:**
Next, record the GST entries:

**Debit**: CGST Ledger Account - Rs. 44.44
**Debit**: SGST Ledger Account - Rs. 44.44
**Credit**: Input Tax Credit Ledger Account (under GST Payable) - Rs. 88.88

These entries will adjust your GST payable account. Ensure the CGST and SGST rates (9% each) are correctly applied as per your purchase invoice.

4. **Review and Save:**
Once you have entered all the details accurately, review the entry and save it in Tally.

### Example Entry in Tally:

Assuming the ledger accounts are set up as mentioned:

| Account Head | Debit (Rs.) | Credit (Rs.) |
|--------------------------------|-------------|--------------|
| Purchase - Flight Tickets | 12639.00 | |
| Supplier - Tours & Travels | | 12639.00 |
| CGST (9%) | 44.44 | |
| SGST (9%) | 44.44 | |
| Input Tax Credit - GST Payable | | 88.88 |

Ensure that the amounts and ledger accounts match your actual invoice details. This entry will correctly record the purchase of flight tickets and the GST associated with it in Tally.

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