Accounting Treatment of Subscription Voucher (HSN 999599) – Purchase & Resale

Dear Experts,

We are a franchise dealer. Our supplier (Maharashtra based, interstate) has issued us an invoice for a "Redefined Voucher" under HSN 999599 — customers who purchase this subscripttion get special offers/discounts on future purchases.

Purchase Details:

  • HSN: 999599
  • IGST @ 18%

Our Sale to Customer:

  • We resell this subscripttion to end customer
  • Intrastate sale — CGST 9% + SGST 9%

Accounting done by us in Tally Prime:

  • Purchase booked under Purchase Accounts, HSN 999599, IGST 18%
  • Sale booked under Sales Accounts, HSN 999599, CGST+SGST 9%+9%

I have already recorded the entries this way — if there is a better or more correct approach, please do share.

Replies (1)

The approach recorded in Tally (Booking as Purchase with 18% IGST and Sales with 9+9% CGST/SGST) is correct and compliant with GST laws for a reseller. To improve tracking, use a "Service" Stock Item in Tally to monitor the quantity of vouchers bought and sold.

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