Ivoice Entry

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This query is : Resolved

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This discussion covers how to create an invoice and record entries in Tally when selling goods. It explains how to calculate GST on the net taxable value after applying a discount. The advice also clarifies that TDS is not applicable to the sale or purchase of goods.

Pankaj Nager

Pankaj Nager (Querist)
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24 January 2020 Dear All,
Please help me, If I sold a good having Value of RS 1000 Plus 18% GST extra. Need to Give 10% discount and Deduct 5% TDS. Then how invoice is draft and entry in telly.
Thanking You

CA Kamlesh Kukreja

CA Kamlesh Kukreja (Expert)
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24 January 2020 Calculate GST on Goods Value less discount. as GST is payable on net taxable value.

further tds is not applicable on sale or purchase of goods.

Pankaj Nager

Pankaj Nager (Querist)
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04 February 2020 Thank you kamlesh sir for your reply

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