Author: Rishit Shah
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e-Invoice for Service to a Foreign Party & Billing to Local or Interstate Party in TallyPrime
If you’re providing services to a foreign party, or you’re billing a different local/interstate party for the same, then you might be wondering how to generate a GST-compliant e-Invoice in TallyPrime. This guide will explain both scenarios clearly with examples. Let’s get started. 1. What is an e-Invoice for Services in TallyPrime? An e-Invoice for…
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e-Invoices for Exports in TallyPrime: 6 Steps + Example
If your business exports goods or services, and you fall under the e-Invoicing turnover limit, you must generate e-Invoices for export transactions as well. TallyPrime makes this process smooth by allowing you to generate e-Invoices for exports and send them to the IRP (Invoice Registration Portal), just like for domestic B2B invoices. Let’s go step-by-step…
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Generate IRN and Print QR Code in TallyPrime: 3 Steps + Example
If you’re a GST-registered business required to issue e-Invoices, TallyPrime makes the process of generating IRN (Invoice Reference Number) and printing the QR code very simple. Once your e-Invoicing is set up in TallyPrime, you can automatically send invoices to the government portal (IRP) and receive back an IRN + QR code. Let’s understand the…
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Set Up e-Invoicing on IRP in TallyPrime: 6 Steps + Example
e-Invoicing under GST is now mandatory for many businesses. If your business turnover crosses the prescribed limit, you must generate e-Invoices by uploading them to the Invoice Registration Portal (IRP). With TallyPrime, you don’t need to visit the IRP manually. Once setup is done, e-Invoices can be generated directly from TallyPrime, saving time and effort.…
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Generate e-Invoice on IRP Using TallyPrime: 6 Steps + Example
e-Invoice is mandatory under GST for businesses whose turnover exceeds the prescribed limit. You can generate e-Invoices directly from TallyPrime using the IRP (Invoice Registration Portal) without logging into the portal manually. TallyPrime makes this process easy, quick, and compliant. 1. What is an e-Invoice in TallyPrime? An e-Invoice is a digitally signed invoice with…
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Account for TDS or TCS on Purchases Under GST in TallyPrime
In India, some purchases under GST are subject to Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) under the Income Tax Act, not GST law directly. These taxes are typically applied when making payments to vendors or receiving payments from customers, especially for contracts, professional services, or e-commerce transactions. TallyPrime allows you…
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Expense with GST in a Payment Voucher by Selecting Party Details in TallyPrime
If you’ve made a payment for an expense — like legal fees, consulting services, or repair and maintenance — and it includes GST, you can record it using a Payment voucher in TallyPrime. TallyPrime allows you to select Party Details in the voucher, so GST gets accounted correctly and appears in your returns like GSTR-3B…
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Expenses with GST in a Journal Voucher in TallyPrime: 4 Steps
In TallyPrime, Journal vouchers are used to record non-cash transactions like expenses, provisions, adjustments, and depreciation. If you’re not making a direct payment (via cash or bank), but want to record the expense for accounting purposes, the Journal voucher is the right tool. Let’s walk through how to record an expense using a Journal voucher…
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Indirect Incomes Under GST in TallyPrime: 4 Steps + Example
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…
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Services Availed in Another State as an Intrastate Transaction in TallyPrime
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…