Let's move on to the discussion
Now let's purchase from interstate
Let's purchase from an outside state
Let me write an example
Please write an example
Let's write an example
All of you please write an example
What was your name?
Your name was Mr.
Right? We had named you as Xtraders
But we will do one thing
We will create different companies
Because if we enter in the old company
Then CJST and SJST are already created
Are you getting me?
So we have to repeat the whole process
That's why we have to practice
Purchasing from the same state
And purchasing from the other state
We will practice that by creating a different company
So please write an example
You have to create a company
By the name of Ytraders
Then in Ytraders
We have to purchase 10 DSLR cameras
At the rate of 1 lakh each
Xtraders is in Haryana
The name of the company we are purchasing from is Vision
Private Limited
Vision Private Limited is in Delhi
It is in another state
It is not in Haryana
It is not in the same state
Note this example
We have to enter in Delhi
Tell me the GST rate
I didn't tell you the GST rate
The GST rate will be
Don't google it
I am just giving you an example
To understand
For example
If we have done 18% earlier
Then let's take 12% GST rate
The product has 12% GST rate
If it is the same state
Then this 6% is divided
Between the central and state government
If it is an interstate
You will give 12% to Modi ji
He will give 6% to the government
Where the buyer is
In Haryana
Where do we have to enter?
We have to enter here
We were purchasing
We have to enter in the purchaser's books
We will enter in Ytraders
Let's go back to Delhi
Create a company
Alt F3
C4 Create
Name the company
Interstate Taxable Purchase
Enter Whatever you want
But We are
Ytraders You are right
Don't put Ytrader
Put Interstate Taxable Purchase
Ytrader will be used to understand
That we are buying Ytrader
When you practice tomorrow
You will find Interstate Taxable Purchase
Put this name
We have to live in Haryana
Just remember this much
Put the rest of the details
Sir so many times
The company has been created
Yes Remember when you were learning for the first time
You thought
It's a long job
But slowly
You can find
It's boring
What are these repeated things
After doing ctrl A
Enter Yes Press Enter
Screen will open
GST Activation Screen
State Haryana
Regular GST Number
Haryana Party
Periodicity of GST
Monthly Save the rest of the details
Save this screen
Press A
Ok Sir
Then come to V4 Vouchers
Here Purchase Voucher F9
Invoice Number 2023 A45 I made this from my side
Party Account Name
Sir, I have to create
Alt C
Vision Private Limited Under Sundry Creditor
Enter This is not in Haryana
This is in Delhi
You have to change the state
It's in Delhi
Don't forget
Take their pin code
If you have the GST number
You can put it here
Ctrl A
Purchase Under Purchase Accounts
Type of Ledger
Not Applicable
GST Applicable
Rate Goods
Ctrl A
Name of Item
Type Alt C
Name DSLR Cameras
DSLR Cameras
Enter Under Primary
Category Alt C
Symbol Pieces Formal Name
Pieces Ctrl A
Is GST Applicable?
Yes Set Alter GST Details
Rate YES Enter On Value
Textable Integrated Tax
Rate Sets Later Ctrl A
Goods Ctrl A
Goods Quantity 10 Pieces
Rate 1 Lakh
Amount 10 Lakh
Leave 1 Line
On 10 Lakh
Enter 2 Times
Now GST
Alt C
IGST IGST IGST IGST IGST IGST Under Duties & Taxes
Type of Duty Tax
GST GST Integrated Tax
Integrated Tax
Ctrl A 12% 1 Lakh 20 Thousand 10 Lakh 12% 1 Lakh 20 Thousand
Ctrl A
Save Escape B for Balance Sheet
Alt F1
Find 1 Lakh 20 Thousand
Current Liability
Current Asset
Taxes Sales Sales Sales Sales Gast Gst Gst Gst Automatic
Automatic there is no fun in writing it should come
automatically so now write down the notes with me write
down the notes
here write solution
if we talk about general entry of debit and credit so entry
will be like this in Ytrader purchase account debit
10 cameras at the rate 1 lakh means purchase is of 10 lakh
rupees so purchase account debit will be 10 lakh rupees ok
sir and your party creditor is vision private limited
because he is a creditor that's why he will credit and you
will not give him 10 lakh rupees you will give him 12% so
total 11 lakh 20 thousand rupees so sir the remaining 1
lakh 20 thousand rupees debit will come from input igsc
Input IGST Account Debit Rs.1,20,000
Purchase Account Debit Rs.10,00,000
Input IGST Account Debit Rs.1,20,000
To Vision Private Limited Account Rs.11,20,000
This is your current asset, that's why we have made it a
debit
In Purchase, the basic value will always come in the
Purchase Account
Ok Sir
We can also do it in the form of Journal Entry
If we do it in Journal Voucher
If we do this entry in Journal Voucher
Then we can do it in the form of Journal Entry
I will tell you that in a while
Ok, first write the next steps
Write the next steps
What are the next steps for Sir?
The next steps are for when we will do this entry in
Purchase Voucher
In Purchase Voucher
Step 1.
Go to Vouchers
Step 2.
Select Purchase Voucher with F9
Step 3.
Put Invoice No.
and Date
Step 4.
Put Credit Vision Pvt.
Ltd. Account under Sundry Creditors
Step 5.
Change the Address of Vision Pvt.
Ltd. to Delhi
Step 6.
Put Purchase Account under Purchase Ledger
Step 7.
Put the name of the item
Step 8.
Put the name of the item
Step 9.
Put the name of the item
Step 10.
Put the name of the item
Step 11.
Put the name of the item
Step 12.
Put the name of the item
Step 13.
Put the name of the item
Step 14.
Put the name of the item
Step 15.
Put the name of the item
Step 16.
Put the name of the item