Now we have to do the purchase with GST entries
Let's do one thing
In our example, B was the person who was buying and selling
at the same time
Okay So we will learn things through B
Let's create an organization with the name of B
Come here
Press F3 with ALT
After that come up to create company
And create with the name of Mr.
B Traders
The mailing name will be the same
Keep the address as per your convenience
After that state
B is in Haryana
Okay Keep B in Haryana
Email ID
These are all formalities for you
But still you should complete
If you are doing it well, then do it
Financial year books
Beginning from
You have to keep this in all these things
April 1, 2022
Press A with CTRL
Your company has been created with CTRL
Mr. B Traders
Okay And when you create a company
The screen that came in front of you
On which I pressed CTRL A
Here if you once
Press F11
And select B Traders
Then the same screen will come again
F11 And select your company
B Traders
Here friends you will be able to see
Enter Enter Enter If you do it four times here
Then there is a column of taxation
In which it is written
Enable Goods and
Services Tax
GST This has to be done
YES Or just Y
After that
If you press ENTER
Then the screen called GST Details will open
This is your GST Activation
How will we activate GST in TELI
Okay How to do GST Activation in TELI
What will happen in this
You have to take Haryana in the state
Registration type
Regular or Composition
When I taught you the registration of GST
These things were told
In Composition, you do not get Input Tax Credit
Return has to be filled quarterly
In Regular, the return is regular
Input Tax Credit is available
Assessor of Other Territory
Press ENTER
Assessor of Other Territory
No If your shop is in Airport or Secured Economic Zones
Yes will come
Otherwise No
GST Applicable from
Ever since your registration in GST
Whichever date you have GST Certificate
That date will come here
Okay After this
GSTIN Say GST Identification Number
As soon as GST registration
Its certificate comes
So what do you have to do
A GST number is written in it
That number has to be put here
Write Any number of Haryana will start with 06
Any GST number of Haryana
It must be starting with 06
Why Sir
Because 06 is the code of Haryana
In the same way
Delhi has its own
Assam has its own
Gujarat has its own
Everyone has their own
Okay Write a little ahead
I tell you
How does this GST number become complete
First two digits 06 As soon as the state code came
After that
Pen number is complete
The whole pen number is written
After that
And in the last
There are three more digits
Like here 1 Z 2 1 means
From this pen number
In this state of Haryana
How many GST registrations have you taken 1 means
This is the first
This is one
If from this pen number
In Haryana
You have two GST businesses
You have two registered GST businesses
So you were written here 2 Instead of 1 3 is 3
Z means
Z is your check digit
Z is
Check digit
What happens with Z
When you enter the whole number
On the portal
So after writing Z in the last
Portal Checks you
You have not written the next number correctly
There is no error
If you put the wrong number
Then the portal
Through this Z digit
It tells you by checking
Whether you put the number right or wrong
And there are two dummy digits in the last
Now it is written here
There is no use of this
When GST numbers
Will increase a lot in the country
Then it will be activated
Will come in use
Okay Let's go
So we will enter
Periodicity of GST
R1 Means The return of GST
When will it be filled
You will take monthly in regular
In composition
You will take quarterly
Okay Okay sir
Sometimes in regular
You may have to take quarterly
I will tell you when I do the topic of returns
Then I will tell you
Now you take it monthly
Set Alter GST rate details
Now you must be feeling
Yes Here finally
We will get a chance to put the rate of GST
And as they said
Now here
Yes We will put the rate of GST
I am telling you
No Leave it
In teleprime
There are many places
Where you can put the rate of GST
But where will put the rate of GST
I will tell you
One place
This happened
While activating GST
Do not put here
Ask why
The rate you put here
Then that one
GST rate
You will be able to use
For purchase and sale
Entries But it is possible
You have many products
One is 18%
One is 5
One is 12
But what will be put here
Then it will be used
No one else will be used
Okay The second is at a leisure level
We will not put it at a leisure level
We will put it at a stock item level
How much is the rate related to a particular product
Enable tax liability on advance receipts
No Or do one thing
Yes If you are receiving some money in advance
From the customer
Then receive GST on that too
Okay Means Mr.
He sold C for 1,77,000
C says
I gave you some advance before the sale
Of some money
So will GST be applied on that too
Up to that amount
Yes As much amount
Enable tax liability on reverse charge
We will see later
Let it be no
All these things
And whatever details are here
They are related to EVA bill
When we will see to generate EVA bill
Then these things will come in front of us
When we will see EVA bill
Okay So let it be as it is now
We have activated GST in Tally
Now you have to press A with CTRL
Okay And then press CTRL A again
And press SK to come to Gateway of Tally
In this way my dear friends
You can activate GST
In Tally
Okay Okay Now we have to buy some things
To enter the purchase
Where should I go?
V for Voucher
Which voucher should I take?
Take the purchase voucher
What to press?
F9 We have to press F9
Supplier invoice number
Take number 1
The date will be the same
April 1, 2022
Party account name
Who was B buying from?
Mr. A
Sorry Yes He is buying from A
Okay So the name will be Mr.
A Traders
Mr. A Traders
What should I make under?
Sundry Creditor or Debtor?
Creditor Those who take loan
They will come under Sundry Creditors
Press A with CTRL
But But Listen Listen Now the thing
Now the thing has come
So come here
A little here
Put the address of this too
Mr. A
Put the address of Mr.
A too
Why sir?
Why is it necessary to put the address of Mr.
Will telly match?
What did you tell your state when creating a company?
Telly Haryana And the person you are buying from
If you take his state as Haryana
Then he will accept the input CGST and input SGST correctly
Telly And if you take his state as something else
And input
Sorry If you keep his state as Haryana and put input IGST
Will telly stop?
Telly will say
What are you doing brother?
That's why it's okay to put his address
Take sector 12
Faridabad
State Haryana
Country India
PIN code
After that
If you have his GST number
Then you can put it
If you have his GST number
Then you can put it
Okay? Okay sir
So let's put his GST number in Haryana
Put the same one for now
Same to same
And press A with CTRL
Here also it is saying
Set alter GST detail
Don't do it here also
If you say yes to set alter GST detail here
Then whatever you will buy from Mr.
A trader
The same rate will come on it
Which you will put here
For example
Here you have taken 12% in set alter GST detail
So whatever you will buy from Mr.
Only 12% rate will come on it
But it is possible that you are buying 5 like this 12, 18,
28
So let it be no here also
And press A with CTRL
Press A twice with CTRL
And now come here
And what you have to do here
You know this
Here you have to do Alt C
Create purchase
Purchase
Under
Purchase Accounts
Let it be not applicable
And here also
No need to activate GST
No need here also
Sir, when will it come?
It will come very soon
By making this also not applicable
Press CTRL A
Name of item
Now we will buy
Now we will write the name of the item which we are buying
Press Alt C
We have
B has purchased from A for how much?
Sir, for 1 lakh
Right So what do we buy for 1 lakh?
Shall we buy 5 mobile phones?
Yes, let's buy 5 mobile phones
So write here mobile phones
Write mobile phones
Let it be under primary
And in units
Alt C
Create pieces
In units
Alt C
Create pieces
And with CTRL
Press A
Finally Finally That place has come
Where you
Friends You have to put the details of GST
You have to put the rate of GST
Directly when the product
When the stock item is created
Put the rate of GST there
GST applicable?
Applicable Set alter GST detail
He is saying
Do you want to put the rate here?
Yes Yes We want to put the rate here
Yes press enter and a screen will pop up
in calculation type there are two options on item rate and
on value here you have to take on value in taxability you
have to take taxable and you have to put the rate here the
total rate was 18% sir tell me one thing here it is written
integrated tax but sir input cgst and sgst in our case
seller buyer is in the same state you don't worry that
tally will do it by itself tally says put the total rate if
you want to see in detail press F12
F12 F12 and while pressing enter come to the last option
show all gst tax types press enter and you will see three
rates as soon as you write 18 9 and 9 central and state
will show done
done press A with CTRL on this screen and take goods you
don't have to put rate of duty press A with CTRL
A with CTRL write 5 piece in quantity one piece rate is
20000 in this way we have purchased one lakh rupees now
friends as soon as you reach here on one lakh after coming
on one lakh you have to press enter twice there should be a
line gap in between and here gst which will be in the bill
is written how much gst was there while buying 18000 he had
to give 9000 cgst and 9000 sgst and b is buying or selling
input cgst and input sgst press C with ALT press C with ALT
and write in name input cgst
in name input cgst
write duties and taxes duties and taxes duties and taxes
press enter type of duties and taxes gst and others press
enter will go to central integrated or state cgst means
central tax select central press A with CTRL press A with
CTRL
now friends you can see 9000 but many people may not get
9000 for this if many people did not get press backspace
and go to purchase ledger where you created purchase ledger
press backspace and go there press enter with CTRL it will
open again make this gst applicable if it does not come do
not put rate do not put rate make this gst applicable then
it will come press CTRL and 9000 will come press enter
press C with ALT now you have to create input sgst this
will be under duties and taxes above
be gst but this time take state tax yes sir because sgst
will go to state government press A with CTRL this 9000
will come automatically
below provide gst available let it be no enter on account
and you can write narration being goods purchased on credit
being goods purchased on credit
press A with CTRL your entry is saved press SK with CTRL
come to gateway of telly press SK with CTRL open P&L press
F1 with ALT see how many mobile phones have been purchased
1 lakh nothing has been sold no profit, no loss press SK
with CTRL detail B for balance sheet you will see duties
and taxes current liability is written in minus means
current asset because till now you have paid money tomorrow
you will recover from C tomorrow you will recover from
18000 when you will sell Mr.
C press enter you will get 9000 input cgst and 9000 input
sgst ok sir this was the discussion friends how to enter
purchase lezor if you have purchased from same state and we
have put gst in it what to do go to voucher step no.1
select purchase voucher select purchase voucher from F9
after that put invoice number, date, party account name put
purchase in purchase lezor keep this gst applicable don't
put rate after that create stock item put rate there there
comes set alter gst detail make it Y
that comes options take on value take taxable total rate
18% then press CTRL A put quantity and rate next step press
enter twice after that create lezor input cgst account
create lezor input cgst account under the heading of duties
and taxes under central tax duties and taxes press CTRL A
enter after that create input sgst create input sgst
account under duties and taxes and this comes under state
tax select state tax press CTRL A enter so this was
purchase from same state with gst entry thank
and bye bye