Purchase entry in tally

what is the purchase entry of liquor and wine purchase with excise and tcs
Replies (7)
Quick Summary
This discussion clarifies how to accurately record purchase entries for liquor and wine in Tally, specifically addressing the accounting treatment for excise duty and Tax Collected at Source (TCS). It explains the correct voucher types and ledger groupings for these transactions, ensuring compliance and accurate financial reporting.

Purchases a/c

excise & tcs a/c

To Creditor a/c

that shuld be entered in purchases voucher

creditor a/c

To excise & tcs a/c

To Bank a/c

this will be in payments voucher when payment is met

Agree with yasaswi
What is the group of tcs and excise and tcs in tally

TCS Collected From Seller is Under Head of Current Asset or Capital Account.

 

If you have Purchase wine Bottle for Re-sale to Consumer 

Purchase Ac - Dr 

          Creditor Acc - Cr.

Becoz we will not get input credit of Excise Duty.

For further clarity please go through this link: https://help.tallysolutions.com/article/Tally.ERP9/Tax_India/excise-dealer/ed-purchase.htm

What is mrp rounding off accounting treatment and excise turnover tax treatment in tally of wine shops

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details