Category: Advanced

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…

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…

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…

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…

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…

When an Indian business receives services from a supplier located outside India, it is treated as an import of services under GST. Even though no physical goods are coming in, the business must pay GST under Reverse Charge Mechanism (RCM). In TallyPrime, you can easily record such inward remittances for services and ensure the correct…

TallyPrime’s IMS (Invoice Matching Status) feature helps businesses match purchase invoices with the GST portal. While reviewing inward supply invoices, you may want to add remarks for clarification, audit purposes, or internal communication. TallyPrime allows you to add remarks directly on the invoices in the IMS Inward Supplies section. This makes it easier to keep…

Sometimes, you may record a GST invoice in TallyPrime but don’t want it to appear in GSTR-3B for a particular return period. This can happen due to errors, timing differences, or GST adjustments. TallyPrime gives you the flexibility to exclude such invoices from GSTR-3B, while still keeping them in your books. In this blog post,…

When you receive purchase invoices from your suppliers, TallyPrime helps you reconcile these with the GST portal using IMS (Invoice Matching System). But that’s not all—you can also accept, reject, or keep the invoice ITC as pending by setting the IMS Action Status. This feature helps you manage your Input Tax Credit (ITC) with complete…

TallyPrime helps you stay GST-compliant by allowing you to view IMS (Invoice Matching System) inward invoices. These are purchase invoices downloaded from the GST portal that your suppliers have uploaded. By viewing these invoices in TallyPrime, you can match them with your books, accept them if they match, or raise actions if they don’t. Let’s…