Ledger transfer

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709 Points Posted on 29 January 2020
purchase transfer come under which head?
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On 29 January 2020 at 17:17 Report
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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.

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64 Points Posted on 29 January 2020
Purchase head
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On 29 January 2020 at 18:14
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709 Points Posted on 29 January 2020
Branch and division mn nhi
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On 29 January 2020 at 18:15
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128157 Points Posted on 29 January 2020
@ Mr SUMIT BADYAL.,

Can You give details...?
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On 29 January 2020 at 21:13
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709 Points Posted on 29 January 2020
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...
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On 29 January 2020 at 21:20
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128157 Points Posted on 29 January 2020
One GSTIN to another GSTIN transfer treated as Sales / Purchases. It's not for goods transfers as VAT regime.
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On 29 January 2020 at 21:26
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709 Points Posted on 29 January 2020
Sir, please show entry..
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On 29 January 2020 at 21:28
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128157 Points Posted on 29 January 2020
Dear.,

Here Sales and Purchase entry will be provide...
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On 29 January 2020 at 21:37
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709 Points Posted on 29 January 2020
Sir x party balance is credit...what we credit in xyz 1 and we show purchase in xyz 2
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On 29 January 2020 at 21:41
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128157 Points Posted on 29 January 2020
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...
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On 29 January 2020 at 21:45
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709 Points Posted on 29 January 2020
But we only transfer amount in tally..not physically
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On 29 January 2020 at 21:47
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128157 Points Posted on 29 January 2020
Where You said only transfer amount in above said queries / discussion...?!

Ask Your query with detailed clarity
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On 29 January 2020 at 21:51
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709 Points Posted on 29 January 2020
Sir,only amount transfer,no physical transfer of good.. sorry for improper information
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On 29 January 2020 at 21:54

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