Sales of Services as an SEZ Unit in TallyPrime: 3 Simple Steps

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.

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1. Steps to Record Sales of Services as an SEZ Unit in TallyPrime

1. Configure GST in TallyPrime

1. Go to Gateway of Tally > F11: Features > Statutory & Taxation.
2. Enable Goods and Services Tax (GST).
3. Provide GSTIN and set your registration type as SEZ.

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2. Create Necessary Ledgers

1. Service Sales Ledger

1. Navigate to Accounts Info > Ledgers > Create.
2. Name: Service Sales (SEZ).
3. Group: Sales Accounts.
4. Enable GST: Yes.
5. Nature of Transaction: Export – LUT/Bond (if you operate under an LUT or bond).
6. Set GST Rate: Applicable GST rate for the service.

2. Party Ledger

1. Navigate to Accounts Info > Ledgers > Create.
2. Name: XYZ Enterprises (regular party).
3. Group: Sundry Debtors.
4. Enable GST: Yes.
5. Enter GSTIN and State.

3. Tax Ledgers

Create IGST ledger, as SEZ sales typically involve IGST (inter-state supply).

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3. Record the Sales Invoice

1. Go to Gateway of Tally > Vouchers > F8: Sales.
2. Select the Service Sales (SEZ) ledger.
3. Choose the party ledger (e.g., XYZ Enterprises).
4. Enter details of the service provided.
5. Specify the amount and IGST (if applicable).
6. Save the voucher.

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2. Example to Record Sales of Services as an SEZ Unit in TallyPrime

1. Scenario:

Your SEZ unit provides web development services worth ₹1,00,000 to a regular party located in another state.

The applicable GST rate is 18%, but the supply is zero-rated as per SEZ rules with LUT.

2. Steps:

1. Service Sales Ledger:
   • Name: Web Development Services (SEZ).
   • GST Nature of Transaction: Export – LUT/Bond.
   • GST Rate: 18%.
2. Party Ledger:
   • Name: XYZ Enterprises.
   • GSTIN: Enter the client’s GSTIN.
   • State: Client’s location.
3. Record Invoice:
   • Select Service Sales (SEZ) ledger.
   • Amount: ₹1,00,000.
   • GST:
     • If under LUT/Bond: No GST applied (zero-rated).
     • If without LUT/Bond: IGST of ₹18,000 is charged.

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3. Important Notes to Record Sales of Services as an SEZ Unit in TallyPrime

1. GST Returns:
   • Ensure proper reporting of the zero-rated supplies in GSTR-1 under export invoices.
2. Documentation:
   • Maintain LUT/Bond and export documentation for compliance.
3. Benefits:
   • Simplifies tax compliance.
   • Facilitates tax-free service transactions under SEZ rules.

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4. Conclusion

TallyPrime makes it easy to record zero-rated service sales as an SEZ unit by configuring GST and maintaining separate ledgers for transactions.

Following these steps ensures compliance with GST regulations and provides accurate records for both reporting and audit purposes.