In this clip, we will do a sale in the same state and this
time we will use GST.
Same state means seller will be in Haryana and buyer will
also be in Haryana and we will do a sale.
Let's note down the example first.
Let's write the example.
Same state is called Intrastate Taxable Sales.
This is seller and this is buyer.
Seller has done a good sale.
What will you make him sell?
I will make him sell 10 chairs at the rate 4000 each.
Total 40,000 chairs.
GST rate is 5%.
Seller is also in Haryana and buyer is also in Haryana.
What is the entry from the buyer's point of view?
We have already done this with you.
What is the entry from the buyer's point of view?
Now we will think from the seller's point of view.
What entries does the seller have?
If we talk about journal entry first.
What will be the journal entry?
Let me tell you.
Sales entry is Buyer Account Debit to Sales.
Seller's name is Mr. S and Buyer's name is Mr. B.
S will be entered here.
Customer i.e. B's Account Debit to Sales Account.
Sale is of 40,000 rupees.
But if we say 40,000 into 5%, then we will ask for 2000
rupees more.
In the name of GST, we will ask for 2000 rupees more.
Haryana is the same state.
We will ask for 2000 rupees in two parts.
1000 and 1000.
First we will call it Output CGST Account.
And the second we will call it Output SGST Account.
Output CGST means give me 1000 rupees.
We have to reach Mr. Modi.
Give me 1000 rupees more.
We have to reach Mr. Khattar.
We use the word output for sales.
We are asking him to give us 40,000 items and 2000 tax.
We are asking for a total of 42,000 rupees from B.
There is no problem in this.
We will see how the entry is in the general voucher later.
First we will see it in the sales voucher.
We will see how the entry will be in the sales voucher.
Let's go to the telly.
Telly, telly, come in front of us.
We have come to the telly.
Create a new company.
Alt with F3.
Come up in create.
And you will name the company this time.
Intrastate taxable sales.
It is the same state.
It is intrastate.
And there is tax on sales.
Fill all the remaining details as soon as possible.
As soon as possible.
We are in Haryana.
Both the parties are in Haryana.
Don't worry.
Both the parties are in Haryana.
Don't worry.
Press A with CTRL.
Enter, enter, enter, enter.
If you enter on Enable GST, this screen will open.
You know what all details to put in it.
Put it quickly.
CTRL A, CTRL A.
Okay, sir.
Now come to V for Voucher.
Come to V for Voucher, my dear friends.
Please come to V for Vouchers.
Here it is like this.
Now if you go to sell.
You don't have an item.
Where will you sell from?
You have not made a company yet.
And if you go to sell, it will be a problem.
So buy it first.
The one I made you enter in the previous clip.
Practice it once quickly.
Supplier invoice number.
What did we put? 2023 A45
Date, party account name.
Alt C.
Vision.
Purchase from Private Limited.
Vision Private Limited.
Under Century Creditors.
Buy the same item as the last clip.
Same to same.
And keep Vision in Haryana this time.
So that there will be no problem.
Keep Vision in Haryana.
CTRL A, CTRL A, CTRL A.
Purchase Ledger.
Alt C.
Purchase under Purchase Accounts.
GST Applicable.
Yes.
Set Alter GST Detail.
No.
Type of Supply.
Goods.
CTRL A.
Buy item.
DSLR Cameras.
Alt C.
DSLR Cameras.
Enter.
Primary Enter.
Units.
Alt C.
Pieces.
Full Formal Name.
And keep running like this.
Keep running.
Set Alter GST Detail.
Yes.
On Value.
Then taxable.
Then take here.
How much percentage rate will be written?
Keep 5%.
Sir, tell me one thing.
Last time you told 12% of DSLR Camera.
This time we are buying chair from them.
Let's buy chair.
Okay.
We are buying chair.
Only then we will be able to sell chair.
Take chair.
Come in name and take chairs here.
Chairs.
Pieces.
Enter.
On Value.
Change the name and do chairs.
Take 5% here.
It will automatically make it 2.5.
Okay.
So what I have done in my example.
See, I will tell you again.
So that you don't get a little confusion.
See friends, it is like this.
We have to enter this person.
When this Mr. S will come and sell B.
Of these 10 chairs.
With GST 5%.
So how will it work in the sales voucher?
But.
First, the goods came to him from somewhere.
Only then he will be able to sell it.
Otherwise, you know that Telia will give a negative stock
warning.
We have seen in the last clip.
Yes Sir.
So what have I done?
I said that Mr. S bought it from Vision.
Vision also sells chairs.
He bought these 10 chairs from Vision Private Limited.
Okay.
We will buy a little more than 10.
We will buy 20.
And at the rate of 2000, we will buy it.
And 50%.
There is a 100% margin.
We sell it in 4.
Okay.
And this time I have kept Vision in Haryana.
Kept in Haryana.
Okay.
And the rate on the chair is 5%.
Both while buying and selling.
Okay Sir.
Okay.
Let's go.
So we will press A with CTRL.
Goods and A with CTRL.
After this, what do you have to do?
Buy 20 pieces.
At the rate of 2000 each.
Amount.
And press ENTER twice.
Enter.
Press C with ALT here.
And what will you create?
Input CGST account.
Very good.
While buying.
Input.
And while selling.
Output.
Now you are buying from the same state.
So Input CGST and Input SGST will come.
Otherwise, Input IGST would have come.
Input CGST and Input SGST will come.
Under Duties and Taxes.
GST.
Central Tax.
A with CTRL.
You see the amount came automatically.
1000 Rupees.
Press ENTER.
Press C with ALT.
Write in the name.
Input.
SGST.
Under Duties and Taxes.
GST.
State Tax.
A with CTRL.
1000 Rupees.
Okay.
Now you will make this screen A with CTRL.
So 20 chairs have come to your godown.
20 chairs are with you now.
Now you can enter the sale.
Now there is no problem in entering the sale.
Now take Sales Voucher F8.
Party Account Name.
Whom did we sell?
We are selling Mr. B.
So press ALT C.
And here take Mr. B Account.
Not Mr. B.
Mr. B.
It will come under.
Sundry Tatters.
Enter.
This is also in Haryana.
Its state is also in Haryana.
Press A with CTRL.
Twice.
And once.
And three times.
Three times.
Sales will come in Sales Ledger.
ALT C.
Sales.
Under Sales Accounts.
Not applicable.
Is GST applicable?
Applicable.
Set Alter GST Detail?
No.
Type of Supply?
Goods.
A with CTRL.
Now what piece are you selling?
The same we have.
Chairs.
Take the chair.
And you are selling 10 pieces.
What is the rate? 4000.
Amount has come.
40000.
Very good.
Well done.
Press ENTER twice.
One and one.
Now it will take.
Output CGST.
Press C with ALT.
Write Output CGST.
Write Under Duties and Taxes.
Take GST.
And if it is CGST then Central Tax will come.
And with CTRL.
And here also the amount will come automatically.
Ok Sir.
Press ENTER.
With ALT.
C.
Output SGST.
Under Duties and Taxes.
In Type of Duty.
GST will come.
And State Tax will come.
With CTRL.
This will also become 1000.
Ok Sir.
Ok.
So in this way.
You can enter the sale.
Now with CTRL.
Press A.
Escape.
Will reach out.
B for Balance Sheet.
ALT F1.
So see.
Duties and Taxes are empty.
How Sir?
Press ENTER.
See.
Input CGST and Input SGST was also 1000.
Because your purchase was also of 40,000.
And Output CGST and Output SGST was also 1000.
Because sale is also of 40,000.
So Sir.
We have not earned anything.
Oh.
Now there are pieces of chair left.
When more pieces of chair will be sold.
Then what will happen?
So this Output CGST will increase.
And the rest of the money will have to be transferred to
the government.
Right now, the government is saying, that the 2000 rupees
that you have transferred to us while purchasing, keep them
in your pocket, when you are collecting 2000 rupees from
your customers for output CGST and output SGST.
That's why we don't see anything in the current liability.
Because we don't have to give anything to the government.
The 2000 rupees that we have collected from our customers,
in the name of output CGST and output SGST, we have to keep
them in our pocket.
Because we have already paid input CGST and input SGST.
So, output CGST and output SGST got deducted from input
CGST and input SGST.
Right now, we don't have to give anything to the government.
As soon as we sell some more goods, then our current
liability will come here and we will have to give some
money to the government.
I would like to show you, let's do one more entry for sale.
Come to Wefer Voucher.
And sell Mr. B again.
Sell Mr. B again.
Control A, Control A.
Come to sales.
Take chairs in the name of item.
Sell 5 chairs for 4000 rupees.
Enter, Enter, Enter.
Here take output.
You will write OU.
Output CGST will come.
The rate will also come automatically.
See how fast it is working.
You have to set it once.
You will pay the bills like this.
Enter.
After that, output SGST.
We have collected 500 rupees more from Mr. B.
On the next sale.
So, now the liability of 1000 rupees will come.
Now these 1000 rupees will not go in our pocket.
We have to give this to the government.
So take control A.
Press SK.
Come to the balance sheet.
You would find.
In duties and taxes, he is showing the current liability of
1000.
He is saying, yes, yes, the time has come to deliver 1000
rupees to the government.
If you buy something else, then your input will increase.
If you sell more, the output will increase.
The more the output from the input, the more the current
liability is for your government.
Okay, sir.
So, now would you like to write its steps?
Would you like to write the bill, sir?
If you come, let's write its steps.
No. 1
Go to vouchers.
We are selling in the same state.
Everything is fine.
We will go to vouchers.
Select.
F8
We have to press F8 so that the sales voucher is selected.
After that, in the party account name.
Create.
Mr. B.
Which is our customer.
Mr. B's account.
Under sundry debtors.
That will be our debtor.
Under sundry debtors.
No. 4
Sales account will come in it.
Create sales account.
Under the heading of sales account.
In the sales ledger column.
There is a sales ledger column.
In which you press Alt C.
Create a sales account.
Take a sales account under the heading.
After that.
Select.
Stock item sold.
Whatever item we are selling, we will select it.
Select stock item sold.
Like chair.
After that.
Put quantity and rate.
After that, press enter twice.
Press enter twice.
After that.
Create.
Output CGST account.
It will be under duties and taxes.
When type will ask there.
In type, we have to take.
GST and others.
There are two options.
We will take GST.
In the next option.
We will take central tax.
We will take central tax in it.
After that.
Press enter.
Press control A.
The amount will come automatically.
Press enter again.
Number 11.
Output SGST account.
Create.
Output.
SGST account.
It will be under duties and taxes.
In this type, we will take GST.
Instead of central tax.
We will take state tax.
After that.
The amount will come automatically.
Press control plus A.
If you want to write narration.
You can write narration.
These are the steps.
Note it.
We have done it.
Sales in the same state.
When the seller and buyer are in Haryana.
But to explain.
I had to buy.
Once again.
If you don't buy.
Where will you sell?
Okay.
Let's meet in the next clip.