Tally Entry Query for Vehicle Expenses Gst Invoice
This query is : Resolved
04 January 2021
Hi, I have got a query about entries for a GST Purchase which is an indirect expense, its a vehicle reapir charges entry. It wont be sold to anyone, so how to make the entry for the same it has 7 different hsn codes.
11 July 2024
To record GST purchase entries for vehicle repair charges as indirect expenses in your accounting system (using Tally ERP 9), follow these steps:
### 1. Create Purchase Ledger
First, ensure you have a suitable Purchase Ledger created in Tally ERP 9 to record these expenses. Here’s how you can do it:
- Go to **Gateway of Tally > Accounts Info > Ledger > Create**.
- Enter the name of the ledger (e.g., Vehicle Repair Charges) under "Name of Ledger".
- Select "Indirect Expenses" from the "Under" field.
- Save the ledger.
### 2. Record Purchase Entry
Next, record the purchase entry for vehicle repair charges:
- Go to **Gateway of Tally > Accounting Vouchers > F9: Purchase**.
- Select the date of the transaction.
- Select the appropriate Purchase Ledger you created earlier (e.g., Vehicle Repair Charges).
- Enter the necessary details:
- **Supplier Invoice No.**: Enter the invoice number from the supplier.
- **Date**: Date of the invoice.
- **Party's A/c Name**: Select or enter the name of the supplier.
- **Amount (excluding tax)**: Enter the total amount excluding GST.
- **GST Details**: Enter the GST details based on the supplier invoice.
- **HSN Code**: Enter the appropriate HSN code(s) for each item or service provided.
- **Taxable Value**: Enter the amount excluding GST.
- **Tax Amount**: Enter the GST amount for each HSN code.
- Save the voucher.
### 3. Review and Confirm
Ensure all details, including HSN codes and tax amounts, are correctly entered before finalizing the transaction.
### Additional Tips:
- Tally ERP 9 allows you to enter multiple HSN codes if there are different services or items under the same invoice.
- Verify the GST details provided by the supplier to ensure accurate input tax credit (ITC) reconciliation.
By following these steps, you can accurately record vehicle repair charges as indirect expenses in Tally ERP 9, ensuring compliance with GST regulations and proper accounting practices.
### 1. Create Purchase Ledger
First, ensure you have a suitable Purchase Ledger created in Tally ERP 9 to record these expenses. Here’s how you can do it:
- Go to **Gateway of Tally > Accounts Info > Ledger > Create**.
- Enter the name of the ledger (e.g., Vehicle Repair Charges) under "Name of Ledger".
- Select "Indirect Expenses" from the "Under" field.
- Save the ledger.
### 2. Record Purchase Entry
Next, record the purchase entry for vehicle repair charges:
- Go to **Gateway of Tally > Accounting Vouchers > F9: Purchase**.
- Select the date of the transaction.
- Select the appropriate Purchase Ledger you created earlier (e.g., Vehicle Repair Charges).
- Enter the necessary details:
- **Supplier Invoice No.**: Enter the invoice number from the supplier.
- **Date**: Date of the invoice.
- **Party's A/c Name**: Select or enter the name of the supplier.
- **Amount (excluding tax)**: Enter the total amount excluding GST.
- **GST Details**: Enter the GST details based on the supplier invoice.
- **HSN Code**: Enter the appropriate HSN code(s) for each item or service provided.
- **Taxable Value**: Enter the amount excluding GST.
- **Tax Amount**: Enter the GST amount for each HSN code.
- Save the voucher.
### 3. Review and Confirm
Ensure all details, including HSN codes and tax amounts, are correctly entered before finalizing the transaction.
### Additional Tips:
- Tally ERP 9 allows you to enter multiple HSN codes if there are different services or items under the same invoice.
- Verify the GST details provided by the supplier to ensure accurate input tax credit (ITC) reconciliation.
By following these steps, you can accurately record vehicle repair charges as indirect expenses in Tally ERP 9, ensuring compliance with GST regulations and proper accounting practices.
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