Handling Multi-Service Transactions and Exempted Services in Tally Prime: A Comprehensive Tutorial
Tax Rates at Master and Transaction levels
29-07-23 We were charged Rs. 100,000 for videography services, and Rs. 50,000 for photography services by Sathya Events Pvt Ltd., Tamil Nadu. GST @18% is charged on the invoice with reference number JS005.
| Party Ledger |
| Name |
Sathya Events Pvt Ltd |
| Under |
Sundry Creditors |
| Maintain balances bill-by-bill |
Yes |
| Tax Registration Details |
| PAN/IT No |
XXXXXXXXXX |
| Set/alter GST details |
Yes |
| GST Details |
| Registration Type |
Regular |
| GSTIN/UIN |
33XXXXXXXXX1Z5 |
| Event Services |
| Name |
Event Services |
| Under |
Indirect Expenses |
| Set/alter GST Details |
Yes |
| HSN/SAC |
| Description |
Event photography and Event Videography Services |
| HSN/SAC |
998383 |
| Nature of transaction |
Not Applicable |
| Taxability |
Taxable |
| Integrated Tax |
18% |
| Videography Services |
| Name |
Videography Services |
| Under |
Event Services |
| Is GST Applicable |
Applicable |
| Set/alter GST details |
No |
| Type of Supply |
Services |
| Photography Services |
| Name |
Photography Services |
| Under |
Event Services |
| Is GST Applicable |
Applicable |
| Set/alter GST details |
No |
| Type of Supply |
Services |
Accounting Exempted Service
09-08-23 We supply business consultancy services for Rs. 280,000 to TMS Engineering based in Tamil Nadu.
| Party Ledger |
| Name |
TMS engineering |
| Under |
Sundry Debtors |
| Set/alter GST details |
Regular |
| business consultancy services |
| Name |
business Consultancy Services |
| Under |
Sales Accounts |
| Is GST Applicable |
Applicable |
| Set/alter GST details |
Yes |
| Description |
business Consultancy Services |
| HSN/SAC |
12786567 |
| Nature of transaction |
Sales Exempt |
| Taxability |
Exempt |
| Type of Supply |
Services |
- Party Ledger Details:
- Name: Sathya Events Pvt Ltd
- Under: Sundry Creditors
- Maintain balances bill-by-bill: Yes
- Tax Registration Details:
- PAN/IT No: XXXXXXXXXX
- Registration Type: Regular
- GSTIN/UIN: 33XXXXXXXXX1Z5
- Photography Services Ledger Setup:
- Name: Photography Services
- Under: Event Services
- Is GST Applicable: Yes
- Type of Supply: Services
- Videography Services Ledger Setup:
- Name: Videography Services
- Under: Event Services
- Is GST Applicable: Yes
- Type of Supply: Services
- Event Services Ledger Setup:
- Name: Event Services
- Under: Indirect Expenses
- Set/alter GST Details: Yes
- HSN/SAC:
- Description: Event photography and Event Videography Services
- HSN/SAC: 998383
- Tax Details:
- Taxability: Taxable
- Integrated Tax: 18%
- Purchase Voucher Entry:
- Go to Accounting Vouchers (Gateway of Tally > Accounting Vouchers or press FV).
- Select F9: Purchase.
- Fill in the voucher date: 29-Jul-23.
- Enter Supplier Invoice No: JS005.
- In the Party A/c Name field, select Sathya Events Pvt Ltd.
- Enter the following details in the Particulars section:
- Account Name: Videography Service - Expense Amount: 100,000
- Account Name: Photography Service - Expense Amount: 50,000
- Account Name: CGST Amount: 13,500
- Account Name: SGST Amount: 13,500
- Explanation:
- JS Enterprises received videography and photography services from Sathya Events Pvt Ltd, Tamil Nadu.
- The total amount for videography services is Rs. 100,000 and for photography services is Rs. 50,000.
- Additionally, CGST and SGST @ 9% each are charged on the invoice, resulting in Rs. 13,500 each.
- The voucher reflects the purchase of these services along with the GST components.
- Save the Voucher:
- After entering all the necessary details, press Enter to save the voucher.
09-08-23 We supply business consultancy services for 280000 to TMS engineering Based in Tamil Nadu.
- Party Ledger Details:
- Name: TMS Engineering
- Under: Sundry Debtors
- Set/alter GST details: Regular
- Business Consultancy Services Ledger Setup:
- Name: Business Consultancy Services
- Under: Sales Accounts
- Is GST Applicable: Applicable
- Set/alter GST Details: Yes
- Description: Business Consultancy Services
- HSN/SAC: 12786567
- Nature of transaction: Sales Exempt
- Taxability: Exempt
- Type of Supply: Services
- Sales Voucher Entry:
- Go to Vouchers (Gateway of Tally > Vouchers or press FV).
- Select F8: Sales.
- Fill in the voucher date: 09-Aug-23.
- Enter Invoice No: [Your Invoice Number].
- In the Party A/c Name field, select TMS Engineering.
- Enter the following details in the Particulars section:
- Account Name: Business Consultancy Services
- Amount: 280,000
- Explanation:
- Your company supplied business consultancy services to TMS Engineering, Tamil Nadu.
- The total amount for the business consultancy services is Rs. 280,000.
- The services provided are exempt from GST, hence they are marked as exempt.
- Save the Voucher:
- After entering all the necessary details, press Enter to save the voucher.
