How To Do Sales Entry In Tally With GST

How to do Sales Entry in Tally with GST, Sales Return, Cash & Credit Sales

As much as it is important to sell your goods or stock in business-business, it is necessary to keep it properly recorded in Sales Management and Tally Accounting Software, as we know that any business and business can be successful only when He is able to sell his stock well, only then he is able to achieve success in his business and business, so today we are going to do Sales Entry in Tally with GST, Sales Return Journal Entry, Credit Note, Cash & Credit Sales will discuss about.

What is Sales

Sales which is called sales in Hindi, when the purchased goods are sold with the aim of getting profit in business, it is called sales. On sales, a sales bill is prepared in which the name of the customer, address of the customer, quantity, rate and total price of the goods sold are given. Selling cash goods in business is called cash sales and selling goods on credit is called credit sales.

What is Sales Return

What happened to the sale Goods are returned by the customer for some reason, it is called Sales Return. When there is a sales return in the telly, it is entered in the Journal Voucher or Credit Note.

Sales Entry in Tally

Sales Entry in Tally : Sales Entry in Tally is called Sales Entry in Hindi, which is entered in F8 Sales Voucher and Sales Transactions are recorded in Tally so that the total sales and profit and loss in the business are recorded. Can get information as well as how many debtors of our business from whom to receive payment is known through sales entry.

When to do Sales Entry in Tally

When to do sales entry in Tally Name, place of residence, transaction date, item name, rate, price and other discount information is given, on the basis of which the data can be recorded in tally We also have to enter GST while entering Sales Entry in Tally: Sales Voucher.

How to do Sales Entry in Tally

Various types of vouchers are available to enter the transactions done in the business, in which Sales Voucher is required to enter the sales, so let’s know how to do Sales Entry in Tally?

Go to Gateway of Tally.
Select Accounting Info.
First create Ledger.
Create a Stock Unit.
Create Stock Item.
Now go to Accounting Voucher.
Select F8 Sales Voucher.
Lastly save the Sales Entry by pressing Ctrl + A.

So, so far, we have got information about how to enter sales, now let us try to understand it by taking an example –

Example 1: – Sold cement worth ₹ 120000 to Mahesh Cloth and received payment by paying 12% GST bill.

In the above example Cement for ₹ 120000 is being sold to Mahesh Cloth in which 12% GST has been levied, for which the ledger has to be created first to enter the tally –

S.No	Ledger	Under Group
1	Cash A/c	Cash Account
2	Sales A/c	Sales Account
3	IGST	Duties & Taxes
4	CGST	Duties & Taxes
5	SGST	Duties & Taxes

Sales Entry in Tally

Friends, in the above example, cement has been sold in cash, due to which the ledger of Mahesh cloth has not been prepared, this is a cash transaction due to which we have taken cash ledger as you know that cash account has already been created in Tally. It happens that there is no need to make it any more.

After creating the ledger, we have to create stock items which we have prepared while purchasing. So there is no need to make stock item again.

After the Stock Item is created, now Voucher Entry has to be done for which we have to follow these steps –

Gateway of Tally
Accounting Voucher
Sales Voucher
Sales Entry in Tally.

Golden Rules for Sales Entry in Tally

For doing Sales Entry in Tally we should always adopt Golden Rules of Accounting as you can see below that we have prepared Golden Rules of Accounting in which Sales comes under Real Account, Goods will be ours when we do Sales in Business. Goes from the pass which will be credit according to the real account, similarly the customer comes under a personal account which is receiving the goods from us, so he is the receiver, so he has to debit us, in the same way cash account will be debited if there is a cash transaction. Which comes under the real account.

Example 1. Sold cement worth ₹ 120000 to Mahesh Cloth and received payment by paying 12% GST bill..

Voucher entry in Sales Voucher<<
Cash A/c Dr. – 120000
CGST A/c Cr. 7200
SGST A/c Cr. 7200
to Sales A/c Cr. 134400
(Cement Sale kiya of Rs.134400 to Mahesh Cloth and 12% GST)

On entering the above example in the accounting software tally, we have to do as follows –

How to do Sales Entry in Tally with GST

There is an important function of GST with Sales Entry in Tally because GST has been implemented by the Government of India, which in any case we have to apply while buying and selling in our business business, so to do Sales Entry in tally with GST We have to make changes in some settings so that we can apply GST at the time of Purchase Entry and Sales Entry, for which GST has to be activated first, so let’s start –

Activation of GST in Tally

• First of all you go to Gateway of Tally.
• Click on F11 Features to activate GST.
• Now go to Company Features and select the Statutory and Taxation option.
• After going to Statutory and Taxation, you will see its dialog box.
• Yes to Enable Goods and Service Tax.
• After that set / alter gst details to yes.
• After doing yes, you will see a screen like this in which we have to fill all the information like state, GST number, period of gst etc.

After filling all the information correctly, save it by pressing CTRL + A button, before saving it, you have filled the GST number and your state details in a good way or not, if you have not filled any of them then Your GST will not be calculated automatically.

Creating GST Ledger for GST Entry

After activating GST, we have to prepare GST ledger through which voucher entry can be done –

Now you have to create three types of ledgers

SGST (state goods and service tax)
CGST (Central goods and service tax)
IGST (Integrated Goods and Service Tax)

Creating Stock Items for GST Entry

After the ledger is created, now we have to create the stock item, here we have to create the stock item carefully because our GST calculation is to be done on the basis of stock item.

While creating a stock item, keep in mind that set / alter gst details to yes and as soon as you do yes, you should taxable taxability in GST Details for Stock Item and enter integrated tax rate like 18, 28, 12 or 5 according to the GST rate of your stock item. determine.

In this way, after creating GST Activation, Ledger Creation and Stock Item, we can apply GST in our Purchase Entry & Sales Entry.

Let us try to understand Sales Entry in Tally with GST by giving example –

Example: 500 pieces, rate ₹ 100 mouse was sold to Maheshwari Computer Center Raipur and 18 percent GST was given.

In the above example, Mouse Sale was made to Maheshwari Computer Center at the rate of 500 pieces ₹ 100 in which 18% GST has been levied, for which we have to enter the following ledger, stock item and voucher entry in the tally.

S.No	Ledger	Under Group
1	Maheshwari Computer A/c	Sundry Debitors
2	Sales A/c	Sales Account
3	IGST	Duties & Taxes
4	CGST	Duties & Taxes
5	SGST	Duties & Taxes

Sales Entry in Tally

Now we have to create stock items and also prepare units but remember we have to do this at the time of purchase as there is no need to do it again at the time of sales.

Sales Entry in Sales Voucher in Tally

Example: 500 pieces, rate ₹ 100 mouse was sold to Maheshwari Computer Center Raipur and 18 percent GST was given.
Voucher entry in Sales Voucher
Maheshwari Computer A/c Dr. – 59000
CGST@9% A/c Cr. 4500
SGST@9% A/c Cr. 4500
to Sales A/c Cr. 59000
(Sold 500 pieces, rate ₹ 100 mouse to Maheshwari Computer Center Raipur and 18 percent GST was given)

Gateway of Tally >> Accounting Voucher >> Sales Voucher >> Sale Entry in Tally

Sales Return Entry in Tally

When the goods sold in business-business are returned due to some reason, we call it Sales Return, in Sales Return Entry in Tally, we can do it in General Voucher, apart from this Sales Return Country can also be done in Credit Note. Because when any goods come back, we cannot enter it separately, it has to be adjusted only with the goods we have sold.

Example: Maheshwari Computer Center Raipur 50 piece mouse return came and 18 percent GST was given.
Voucher entry in Journal Voucher

Sales Return A/c Dr. 5000
CGST@9% A/c Dr. 450
SGST@9% A/c Dr. 450
To Maheshwari Computer A/c Cr. – 59000

(Maheshwari Computer Center Raipur 50 piece mouse return came and 18 percent GST was given)

Sales Return Journal Entry in Tally

As we know that any adjustment country we do in general voucher only so sales return will be in journal entry in tally, so let’s try in Sales Return Journal Entry in Tally –

Credit Sales Entry in Tally

Credit Sales Entry in Tally : Credit Sales means credit sales i.e. sales without cash, in business-business we provide facility to our customers to return the amount of goods sold with the stipulated time limit, which we credit. Known as Sales. Credit sales can have different terms & conditions as well as you can also get interest on credit sales. So let’s see by doing it in Credit Sales Entry in Tally –

Example 3. Cement sales of Rs. 60000 and 12% GST were imposed from Shree Store Raipur.
Voucher entry in Sales Voucher
Shri Store Raipur A/c Dr. – 60000
CGST A/c Cr. 4000
SGST A/c Cr. 4000
to Sales A/c Cr. 45000
(Cement sales kiya of Rs. 60000 and 12% GST from Shree Store Raipur)

Cash Sales Entry in Tally

Cash Sales Entry in Tally : Cash Sales means cash sales, that is, the amount is paid immediately after the customer buys the goods, which we call Cash Sales, in this type of transaction, different types of discounts are given to the customers. Because we get the amount of the goods sold immediately. So let’s see how the entry of Cash Sales Entry in Tally is done.

Cash Sales Entry in Tally : Example 1. Sold Cement of ₹ 20000 to Shri Finance Ltd and received payment by paying 12% GST bill.

Voucher entry in Sales Voucher<<
Cash A/c Dr. – 21200
CGST A/c Cr. 700
SGST A/c Cr. 700
to Sales A/c Cr. 30000
(Sold cement worth ₹30000 to Shri Finance Ltd and received payment by paying 12% GST bill)

Note – Friends, it is necessary to know the nature of the transaction that the given transaction is a cash transaction that is a credit transaction because we have to enter Delhi accordingly, here you want to tell that if the payment in question is paid or received. This is a cash transaction similarly if the word in question is only goods bought or only goods sold is being used.Also, the name of the buyer is given and there is no mention of any kind of payment receipt, then it will be a credit transaction.

Friends, an attempt has been made to give information about Sales Entry in Tally with GST, Sales return journal entry in tally, cash sales entry in tally, if you face any kind of problem then you can tell us by commenting below as if you know Purchase Entry with GST is an important entry in Tally which is very important to get it right.

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