31 May 2024
Dear Sir, We are a logistics company situated at Navi Mumbai ,Maharastra, having Maharastra GST registration. Please note that we have taken a new GST registration at Hazira Gujarat under the same name as in Maharashtra. I want to know how we have to bill the same from Hazira to our customers. Whether we have to open a separate Company in the Tally package as we are using Tally Erp. Please reply back immediately. Prakash menon Accountant
07 July 2024
When billing from your new GST registration in Hazira, Gujarat to your customers, you can follow these steps in Tally ERP:
### Billing from Hazira, Gujarat GST Registration
1. **Configure GST Details in Tally**: - Ensure you have configured the new GST registration details for Hazira, Gujarat in Tally ERP. This involves setting up the GSTIN, tax rates applicable, and other relevant details specific to Gujarat.
2. **Billing Process**: - When raising invoices for transactions originating from Hazira, Gujarat, ensure that the GSTIN specific to Gujarat is used on the invoices. - You may need to modify your invoice template in Tally to include fields for both Maharashtra and Gujarat GSTINs, depending on the customer location and the origin of the supply.
3. **Maintain Separate Ledgers**: - In Tally ERP, you typically do not need to create a separate company for each GST registration. Instead, maintain separate GST registration details within the same company. - Create separate ledger accounts for sales and purchases related to transactions under the Hazira, Gujarat GST registration. This allows you to accurately track transactions and GST liabilities specific to Gujarat.
4. **Billing Documentation**: - Ensure that your invoices clearly mention the GSTIN for Hazira, Gujarat, along with other mandatory details as per GST rules. - Maintain proper documentation of invoices generated from Hazira, Gujarat, to ensure compliance with GST regulations.
5. **GST Compliance**: - File GST returns separately for Maharashtra and Gujarat registrations based on the transactions conducted under each GSTIN. - Use Tally ERP's reporting and reconciliation features to reconcile data across different GST registrations and ensure accurate GST compliance.
### Practical Steps in Tally ERP
- **Create Ledger Accounts**: Create separate ledger accounts for sales, purchases, and other relevant transactions under the Hazira, Gujarat GST registration. - **Modify Invoice Template**: Customize your invoice template in Tally to include fields for both Maharashtra and Gujarat GSTINs. - **Track and Reconcile**: Regularly track transactions, generate reports, and reconcile data to ensure compliance and accuracy in GST filings.
By following these steps, you can effectively manage billing and compliance requirements for your logistics company with multiple GST registrations using Tally ERP. If you encounter specific issues or need further customization in Tally, consulting with a Tally expert or accountant familiar with GST regulations can be beneficial.
CAclubindia
