Author: Rishit Shah
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Amend Uncertain GSTR-3B Transactions Using Return Effective Date in TallyPrime
While filing GSTR-3B returns, you may come across transactions in TallyPrime that are uncertain, mismatched, or missing details. These transactions need to be corrected or amended before they can be included in your return. TallyPrime offers a powerful feature called the Return Effective Date to help you handle such cases smoothly and in compliance with…
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GST Amendments for Purchases in TallyPrime: 2 Examples
Sometimes, after recording a purchase in TallyPrime, you may need to make changes. These changes could be due to corrections in GSTIN, invoice number, date, or tax amounts. In GST terms, these are known as amendments. TallyPrime makes it easy to manage these GST amendments for purchases, and ensures that they are reflected correctly in…
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IMS Action Status in TallyPrime: Explained with 3 Easy Examples
TallyPrime offers tools to help you manage incomplete, mismatched, or unreported GST data using the IMS Action Status feature. IMS stands for Incomplete, Mismatch, or Status Not Set, and this helps you track and fix GST-related issues before filing your returns. In this blog post, we’ll explain what IMS Action Status is, how it helps,…
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GST Status for Transactions in TallyPrime: 3 Examples + 5 Steps
TallyPrime makes it easy to manage your GST transactions. One of the important features is setting the GST status for each transaction. The GST status indicates whether a transaction is: By setting the correct GST status, you ensure accurate GST return filing and smooth reconciliation. 1. What is GST Status in TallyPrime? Every GST transaction…
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GST Portal View of Invoice in TallyPrime: 4 Steps + Easy Example
If you are using TallyPrime for GST billing and returns, it’s important to understand how the invoice recorded in TallyPrime appears on the GST Portal. This ensures that the data you upload is accurate and matches what the government expects. TallyPrime follows the prescribed GST Invoice Format, making sure your invoices are fully compliant and…
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Change in Assessable Value of Purchases Under GST in TallyPrime
When recording purchases under GST, the assessable value plays an important role. GST is calculated on this value, not just the base price of goods or services. Sometimes, the assessable value of a purchase may change because of additional costs like freight, loading, unloading, or packing. These costs must be included if they are charged…
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Multi-GST Item Purchase in Single Voucher in TallyPrime: 4 Steps
In a typical business transaction, you may purchase multiple items together that attract different GST rates. TallyPrime allows you to record such purchases in a single purchase voucher without any confusion. This helps you save time, maintain accurate records, and ensure correct tax calculation. 1. When Does This Happen? Items with Different GST Rates in…
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Purchase with Multiple GST Registrations in TallyPrime: 5 Steps
If your business operates in multiple states and has different GST registrations for each, you can easily manage purchases under these registrations in TallyPrime. This is useful when: TallyPrime helps you manage and record purchases with multiple GST registrations while keeping your GST returns accurate. 1. Why Use Multiple GST Registrations? According to GST law:…
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Interstate Purchase of Services in TallyPrime: 5 Steps + Example
If your business purchases services from a supplier located in another state, it is treated as an interstate purchase of services. In such cases, IGST (Integrated GST) is applicable. TallyPrime simplifies the process of recording these types of transactions with proper tax treatment. Let’s understand how to record an interstate service purchase step by step…
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Interstate Purchase of Goods in TallyPrime: 5 Steps + Example
If your business buys goods from a supplier in a different state, the transaction is known as an interstate purchase. In such cases, IGST (Integrated GST) is applicable instead of CGST and SGST. TallyPrime makes it easy to record interstate purchases and automatically calculates the correct taxes. Let’s understand how to record an interstate purchase…