Author: Rishit Shah

Here’s an explanation of the natures of transactions and relevant sections in GSTR-1, GSTR-3B, and GST Annual Computation (GSTR-9) for the purchase of goods from a Regular Dealer as an SEZ unit: 1. Nature of Transactions for Purchase of Goods from a Regular Dealer as an SEZ Unit in TallyPrime 2. Reporting in GSTR-1 (By…

Here’s a detailed explanation of the natures of transactions and their corresponding sections in GSTR-1, GSTR-3B, and GST Annual Computation (GSTR-9) for sales of services to a Regular-SEZ dealer by an SEZ unit: 1. Nature of Transactions for Sales of Service to SEZ dealer as SEZ unit in TallyPrime 2. Reporting in GSTR-1 for Sales…

Here’s an explanation of the Natures of Transactions and the corresponding sections in GSTR-1, GSTR-3B, and GST Annual Computation (GSTR-9) for sales of services to a Regular dealer as an SEZ unit: 1. Nature of Transactions in TallyPrime 2. Reporting in GSTR-1 in TallyPrime Purpose: Captures outward supplies. 1. Table 6A: Exports 2. Table 12:…

Here’s an explanation of the Natures of Transactions and the respective sections where these sales are reported in GSTR-1, GSTR-3B, and GST Annual Return (GSTR-9) for sales of goods to a Regular – SEZ dealer as a SEZ unit: 1. Nature of Transactions in TallyPrime 2. Reporting in GSTR-1 in TallyPrime Purpose: Captures outward supplies…

In TallyPrime, recording the purchase of services from a Regular – SEZ company as an SEZ unit involves steps similar to regular service purchases but includes configurations specific to the GST treatment applicable between SEZ units. SEZ units enjoy certain tax benefits, and transactions between SEZs may attract GST or be exempt based on regulations.…

In TallyPrime, recording the purchase of services from a Regular company as an SEZ unit involves precise steps to ensure GST compliance and proper accounting treatment. As SEZ units typically enjoy exemptions, the responsibility for GST often shifts to the supplier, making it crucial to document such transactions accurately. 1. Steps to Record the Purchase…

In TallyPrime, recording the purchase of goods from a Regular-SEZ Party as an SEZ Unit involves specific configurations to ensure compliance with GST regulations. SEZ (Special Economic Zone) businesses are governed by distinct tax rules, which require accurate representation of inter-SEZ transactions. 1. Steps to Record the Purchase of Goods from SEZ Party as an…

In TallyPrime, recording the purchase of goods from a regular company as an SEZ business is essential to track tax compliance, input credits, and accounting accuracy. Although the supplier is liable for the tax, you must document the purchase properly under GST rules. 1. Steps to Record Purchases from a Regular Company as a SEZ…

Recording the sale of services to a regular SEZ party as an SEZ unit in TallyPrime involves configuring GST settings, creating appropriate ledgers, and ensuring compliance with SEZ and GST rules. This process ensures seamless accounting and compliance with zero-rated supply rules under GST. 1. Steps to Record Sales of Services to SEZ Party as…

Recording the sale of services to a regular party as a Special Economic Zone (SEZ) unit in TallyPrime requires specific configurations. The SEZ unit enjoys GST exemptions or zero-rated supplies under the GST framework, but proper documentation and configuration in TallyPrime are essential. 1. Steps to Record Sales of Services as an SEZ Unit in…