SALES ENTRY IN TALLY
In this topic you can learn how to post GST accounting entries for sales and purchase transactions with an example.
Example for Local Purchases
ABC company has purchased 4 qty of HP laptops from local X company each @ Rs.25,000 with GST of 18%.
GST Local Inward Supplies (Within state)
HP Laptops A/c Dr 1,00,000
SGST A/c Dr 9,000
CGST A/c Dr 9,000
To X Company A/c 1,18,000
Example for Local Sales
ABC company has sold 4 qty of HP laptops to local Y company each @ Rs.30,000 with GST of 18%.
GST Local Outward Supplies (Within state)
Y Company A/c Dr 1,41,600
To HP Laptops A/c 1,20,000
To SGST A/c 10,800
To CGST A/c 10,800
Example for Inter-State Purchases
ABC company (Hyderabad) has purchased 4 qty of HP laptops from XYZ company (Bangalore) each @ Rs.25,000 with GST of 18%.
GST Inter-State Inward Supplies Entry
HP Laptops A/c Dr 1,00,000
IGST A/c Dr 18,000
To XYZ Company A/c 1,18,000
Example for Inter-State Sales
ABC company (Hyderabad) has sold 4 qty of HP laptops to Balu Tranders (Bangalore) each @ Rs.30,000 with GST of 18%.
GST Inter-State Outward Supplies Entry
Balu Traders A/c Dr 1,41,600
To HP Laptops A/c 1,20,000
To IGST A/c 21,600
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