Tally Authorised Dealer In Delhi
. Turn over of a Fy shall be less than 1 crore.
In case of Hmachal pradesh and North eastern states the limit is 75 lakhs. Input tax credit cannot be availed. Business cannot make interstate sale. Exempt supply dealer cannot opt for composition.
Those who selling through online e-commerce platform like flipkart, amazon, cannot avail composition. If a composition dealer purchases supplies attracting,shall pay tax at normal rate.Invoice of a composition dealer is called bill of supplyComposition dealer cannot raise Tax Invoice, Instead he must create a Bill of supply. He is not authorized to collect tax from customers, instead he has to pay the tax from his own pocket. Gst rules mandates the words “ composition taxable person, not eligible to collect tax on supplies” at the top of the bill of supply. GST rate for composition scheme Serial NumberCategory of Registered PersonRate of Tax1Manufacturers of goods (other than those specifically notified by govt. Such as ice-cream, Pan masala, Tobacco products)1% of the turnover2Restaurant Services5% of the turnover3Traders1% of the turnover4In case of:-Transaction under reverse charge-Purchase from unregistered dealer-Import of serviceNormal Rates of TaxesComposition accounting in tally erp 9Based on the above factors, composition accounting is different from a gst regular dealer accounting.
Tally Authorised Dealer In Delhi India
From Tally erp 9 version 6.4 created a separate segment for managing composition dealer accounting. Here we are discussing all the ledgers and transactions under GST. Composition dealer’s Purchase from local registered dealer.Composition dealer Purchased from Delhi Mart ( Local Registered Dealer) 5 pcs of bamboo chair @ 3650 + CGST – 9% +SGST- 9%.Local registered dealer issue invoice with CGST & SGST.Let’s see how to enter purchase invoice from local registered dealer.Composition dealer’s Purchase from local unregistered dealer.Composition dealer purchased bamboo chair from Delhi store (Local unregistered dealer) 3 pieces @ 3800.An un registered dealer issue invoices without tax. Let’s see how a dealer enter purchase invoice from unregistered dealer.Sales voucher entry for composition dealer in tally erp 9No interstate sale can be made by a composition dealer, He can make sale to a local registered dealer and a local composition dealers only.
Let’s enter these transactions into tally. Master creation for sale entryThe following masters /ledgers required for sale entry.
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