Author: Rishit Shah

Enabling API access for Connected GST in TallyPrime streamlines your GST compliance by allowing direct interactions with the GSTN portal. This integration facilitates seamless uploading and downloading of returns, enhancing efficiency and accuracy in your GST processes. Here’s a detailed guide to setting up API access: Step 1: Enable API Access on the GST Portal…

When an SEZ unit purchases services from a Regular–SEZ dealer, GST treatment depends on the mode of taxation—either with payment of IGST or under an LUT/Bond without payment of tax. Here’s a detailed breakdown: 1. Nature of Transactions for Purchase of Service from a Regular – SEZ Dealer as a SEZ unit in TallyPrime 2.…

When a Special Economic Zone (SEZ) unit purchases services from a Regular dealer, these transactions are treated under specific GST provisions. The treatment depends on whether the supply of services is made under payment of IGST or LUT/Bond (without payment of tax). Here’s a detailed explanation: 1. Nature of Transactions for Purchase of Services from…

Nature of Transactions and Reporting Sections for Purchase of Goods from a Regular – SEZ Dealer as an SEZ Unit in TallyPrime When an SEZ unit purchases goods from a Regular or another SEZ dealer, the transaction falls under the category of zero-rated supply under GST. Below is a detailed explanation of how such transactions…

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…