@ sreerangam
you have not mentioned anything regarding discount in query and same has been included in credit note .
Under GST law Supplier can only issue debit note & credit note for specific reasons as per section 34 of the CGST act 2017 . You can also issue financial Dedit note credit note for other reasons .
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Entries in tally ERP 9
Replies (26)
@ sreerangam
you have not mentioned anything regarding discount in query and same has been included in credit note .
Under GST law Supplier can only issue debit note & credit note for specific reasons as per section 34 of the CGST act 2017 . You can also issue financial Dedit note credit note for other reasons .
you have not mentioned anything regarding discount in query and same has been included in credit note .
Under GST law Supplier can only issue debit note & credit note for specific reasons as per section 34 of the CGST act 2017 . You can also issue financial Dedit note credit note for other reasons .
Do not ask the GST Rule,but asked only one matter such as how to the entries in tally ERP 9.Please give detailed narrations.
Sir , CGST & SGST are charged. in Invoice. then GST. law will applicable . Also this a case of post discount , and same. should. be excluded from taxable. value accordingly. you have do adjustments as per notification by CBIC for post sale discount .
@ Mr Subhagan Sreerangam...
Yes... Your said entries are correct. But, Small correction itself
in Step 2 :
techno.... Rs. 5900
Cr. Computer purchase - 2000
Cr. Discount received - 3000
Cr. CGST - 450
Cr. SGST - 450...
The 2k directly reduced in computer value and 3k into income value...
as per above....
(note : ask Your query clearly. otherwise it's not good for single query but multiple confusion...)
GOOD LUCK
Yes... Your said entries are correct. But, Small correction itself
in Step 2 :
techno.... Rs. 5900
Cr. Computer purchase - 2000
Cr. Discount received - 3000
Cr. CGST - 450
Cr. SGST - 450...
The 2k directly reduced in computer value and 3k into income value...
as per above....
(note : ask Your query clearly. otherwise it's not good for single query but multiple confusion...)
GOOD LUCK
@ Mr Prasad Nilugal Sir., Sorry for the inconvenience. But, As per accounting standards if Purchase/Sales accounted in a ledger then purchase/Sales return will be reversible same ledgers. Can't account in any other heads if it's not revresing the other than that... Am I right...? In case any misconduct then please ignore this... I say sorry once again...
@ Dear Raja Sir
yes you are correct I know purchase / Purchase return & sales / sales return , However if see original query , he is asking only for Purchase entry & credit note entry .
He has mentioned in query " How to pass purchase entry & Credit Not entry in Tally Erp 9 ."
So purchase entry will be pass by Mahesh &co and credit note entry will be pass by Techno & co supplier .
Ok thanks good luck Mr.Rajaji sir We will meat again in this platform .
You are welcome Mr Subhagan sreerangam... Please write my as Raja... don't as Rajaji...🙏🙏🙏
Accept this Suggestion
1) Computer A/c Dr 45000
Input CGST A/c Dr 4050
Input SGST A/c Dr 4050
To Techno System A/c Cr 53100
Credit note entry:
2 Computer A/c Cr 5000
Input CGST A/c Cr 450
Input SGST A/c Cr 450
To Techno System A/c Dr 5900
Thanks for Mr.Sivaramakumar.
Purchase Return aayega na Apne books main
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