Tally procedure to maintain expinditue below 5000 per day

634 views 5 replies

TALLY 6.0  DETAILED  PROCEDURE TO MAINTAIN EXPINDITUE BELOW 5000 PER DAY

 

Replies (5)

purchase from unregistered dealer upto 5000/- daily basis is exempted, no need to pay gst on paid amount.

IT IS EXEMPTED BUT HOW TO KEEP THE RECORDS IN TALLY 6.0

you can make entry as well as ealier applicable before gst, but you have to maintain two group one registered creditors (expenses) and second unregistered creditors (expenses), at the end of the month you can view how many unregistered expenses you have, and paid if any single day is expenses more than 5000/-, before calculating gst export all the data from tally and keep it in a folder.

in this freight can be included ? if it is from unregistered ?

Freight and transportation is a service, and Reverse charge is applicable on transportation, hence freight and transportation can not be include in this catogory, any item which has bought can be include.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register