Ledger transfer

purchase transfer come under which head?
Replies (12)
Quick Summary
This discussion clarifies how to treat ledger transfers between two GSTINs within the same company, specifically when moving from one GST number to another in Tally. It's established that transferring amounts between GSTINs is considered a sale from the originating entity and a purchase for the receiving entity, even without physical movement of goods. Examples of Tally entries are provided to illustrate this accounting treatment.

Purchase head
Branch and division mn nhi
@ Mr SUMIT BADYAL.,

Can You give details...?
Hello sir, company xyz have two gst no so we have created two company in tally,I want to transfer my purchase one to another... because we want to continue business on one gst only...
One GSTIN to another GSTIN transfer treated as Sales / Purchases. It's not for goods transfers as VAT regime.
Sir, please show entry..
Dear.,

Here Sales and Purchase entry will be provide...
Sir x party balance is credit...what we credit in xyz 1 and we show purchase in xyz 2
If Goods from XYZ-1 to XYZ-2...

In XYZ-1 books it will be account as Sales...

In XYZ-2 books it will be account as Purchase...
But we only transfer amount in tally..not physically
Where You said only transfer amount in above said queries / discussion...?!

Ask Your query with detailed clarity
Sir,only amount transfer,no physical transfer of good.. sorry for improper information

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