Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

B2C Sales Related

390 views

Save Share

Eajaz Ahmad

Accountant

134 Points Posted on 04 June 2021

Dear Sir / Madam,

Kindly clear the following doubts.

Can I make B2C Sales Invoice as: Consumer Goods @ 5%, or 12%, or 18%, or Zero and Exempt.. in Tally for maintain accounts and send it to the Auditor..

As there are lots & lots of consumer goods, and is very difficult to enter.

More over HSN code of some items are same where as the rates are different.

Please help me with your valuable advice

Replies (5)

Quick Summary

This discussion addresses challenges in creating B2C sales invoices in Tally, particularly concerning the application of various GST rates (5%, 12%, 18%, Exempt) to consumer goods. Advice is sought on setting up separate sales ledgers for different tax rates to maintain accurate accounts and aid auditors. The conversation also touches upon inventory management, specifically whether quantity tracking is essential for audits when turnover is below ₹5 crores.

prasad Nilugal

3924 Points Posted on 04 June 2021

You can create ledger like
1) sales 5% (B2C) ,
2) sales 12%(B2C) ,
3) sales 18% ,(B2C)
under the head sales .in Tally ERP 9

CMA Poornima Madhava

CMA

13117 Points Posted on 04 June 2021

If you just create sales ledger for accounting sales, you will not be able to have inventory records. Will that be fine?

Eajaz Ahmad

Accountant

134 Points Posted on 04 June 2021

I'm maintaing inventory with Values only not with quantity

CMA Poornima Madhava

CMA

13117 Points Posted on 04 June 2021

Don't you require quantity of the inventory for records? If audit u/s 44AB is applicable, then quantitative details of inventory have to be mentioned in form 3CD.