Basic Purchase Entry under GST for Regular dealer.

Basic Purchase Entry under GST for Regular dealer.

1. Condition 1: Purchase Goods from Regular Dealer Entry

Step: GOT > Voucher > F9 > Ctrl+H > Item Invoice

Ø For entry in Purchase voucher under GST fill all details like’

· Supplier invoice No: Type Supplier Invoice or Bill Number Like I type ‘DK21’

· Date – Type date of Purchase transactions by pressing F2, like I type ’01/04/2020′

· Party A/c Name – Select your Regular Supplier Like I select “Suresh Sharma (Reg.) Supplier”.

· Purchase Ledger – Select Purchase ledger, like I select ‘Purchase A/c’

· Name of Item – Select Taxable Stock Item like I select ‘Dell Laptop’

· Location – Select the Godown for Store Item. Like I select “Sasaram Godown”.

· Quantity – type number of Dell Laptop Purchase. Like I type ’10 Pcs.’

· Rate – Type rate of one Dell laptop. Like I type ‘20,000’

Ø After filling above details Press 2 times enter from Item column & select GST tax ledger form list.

Note: Apply GST Tax according Supplier’s State. If Supplier’s state is same (Intra-State) then apply

CGST+SGST both. If Supplier’s state are different (Inter-State) from us then Apply IGST only.

· Select CGST and SGST in Ledger column

Ø
After filling all Above details screen of Purchase ledger will shown like this following screenshot:

Ø Practice exercise for Purchase Goods from Regular Dealer Entry, for you.

· Supplier invoice No: DK25

· Date –02/04/2020

· Party A/c Name – Rajesh Gupta

· Purchase Ledger – Purchase A/c

· Name of Item – Hp Laptop

· Location – Patna Godown

· Quantity – 12 Pcs

· Rate – 21000

· Tax Ledger – IGST

2. Condition 2: Purchase Goods from Composition Dealer Entry

Step: GOT > Voucher > F9 > Ctrl+H > Item Invoice

Ø For entry in Purchase voucher under GST fill all details like’

· Supplier invoice No: Type Supplier Invoice or Bill Number Like I type ‘DK22’

· Date – Type date of Purchase transactions by pressing F2, like I type ’01/04/2020′

· Party A/c Name – Select your Composition Supplier Like I select “Dhiraj Sharma (Compo) Supplier”.

· Purchase Ledger – Select Purchase ledger, like I select ‘Purchase A/c’

· Name of Item – Select Taxable Stock Item like I select ‘Dell Laptop’

· Location – Select the Godown for Store Item. Like I select “Sasaram Godown”.

· Quantity – type number of Dell Laptop Purchase. Like I type ’10 Pcs.’

· Rate – Type rate of one Dell laptop. Like I type ‘20,000’

Note: Composition dealer cannot issue tax invoice so entry of purchase from composition dealer will be without tax.

Ø After filling all Above details screen of Purchase ledger will shown like this following screenshot:

Ø Practice exercise for Purchase Goods from Composition Dealer Entry, for you.

· Supplier invoice No: DK26

· Date –02/04/2020

· Party A/c Name – Sohan Prasad

· Purchase Ledger – Purchase A/c

· Name of Item – Hp Laptop

· Location – Patna Godown

· Quantity – 12 Pcs

· Rate – 21000