Author: Rishit Shah
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Generate e-Invoice on IRP Using TallyPrime: 6 Steps + Example
e-Invoice is mandatory under GST for businesses whose turnover exceeds the prescribed limit. You can generate e-Invoices directly from TallyPrime using the IRP (Invoice Registration Portal) without logging into the portal manually. TallyPrime makes this process easy, quick, and compliant. 1. What is an e-Invoice in TallyPrime? An e-Invoice is a digitally signed invoice with…
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Account for TDS or TCS on Purchases Under GST in TallyPrime
In India, some purchases under GST are subject to Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) under the Income Tax Act, not GST law directly. These taxes are typically applied when making payments to vendors or receiving payments from customers, especially for contracts, professional services, or e-commerce transactions. TallyPrime allows you…
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Expense with GST in a Payment Voucher by Selecting Party Details in TallyPrime
If you’ve made a payment for an expense — like legal fees, consulting services, or repair and maintenance — and it includes GST, you can record it using a Payment voucher in TallyPrime. TallyPrime allows you to select Party Details in the voucher, so GST gets accounted correctly and appears in your returns like GSTR-3B…
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Expenses with GST in a Journal Voucher in TallyPrime: 4 Steps
In TallyPrime, Journal vouchers are used to record non-cash transactions like expenses, provisions, adjustments, and depreciation. If you’re not making a direct payment (via cash or bank), but want to record the expense for accounting purposes, the Journal voucher is the right tool. Let’s walk through how to record an expense using a Journal voucher…
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Indirect Incomes Under GST in TallyPrime: 4 Steps + Example
Indirect income refers to earnings that are not directly related to your core business activities. Examples include commission income, rent received, interest received, royalty income, etc. If you are registered under GST and earn such income, you need to charge GST (if applicable) and record it properly in TallyPrime. This ensures that your GST returns…
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Services Availed in Another State as an Intrastate Transaction in TallyPrime
Sometimes your business may receive services physically in another state, but you want to record the transaction as intrastate in your TallyPrime books. This happens often when the billing address and GST registration are in the same state, but the place of supply is different. This blog post will explain how to record such cases…
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Pass Bonus Shares Entry in TallyPrime: 3 Steps + Example
If you invest in shares, you might receive bonus shares from the company. These are additional shares given free of cost to existing shareholders. Although there’s no cash transaction involved, you still need to record this in TallyPrime to maintain accurate stock and investment records. In this blog post, you’ll learn how to pass a…
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GST Invoice Support for Material In in TallyPrime: 3 Steps
When you’re running a job work business or sending and receiving materials for processing, Material In vouchers are often used in TallyPrime. With the latest GST features in TallyPrime, you can now link Material In vouchers with GST invoices for better compliance and reporting. This post explains how GST invoice support works for Material In…
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High Sea Purchases in TallyPrime: 5 Steps + Example
High Sea Purchase refers to a transaction where goods are sold while they are still on the high seas, i.e., before they have crossed Indian customs boundaries. This type of purchase is common in international trade. In TallyPrime, you can easily record high sea purchases and manage them for GST and inventory purposes. Let’s understand…
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Reversal of ITC on Manufacturing Exempt Supplies in TallyPrime
Under GST, if you manufacture exempt supplies, you are not allowed to claim full Input Tax Credit (ITC) on the inputs and input services used for manufacturing. Instead, you must reverse the proportionate ITC related to exempt supplies. TallyPrime allows you to manage this reversal efficiently and ensures your GST returns reflect accurate values. Let’s…