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Accounting for B2C sales

sreeja reddy (Articled assistant) (146 Points)

17 June 2021

one of our client is a distributor of Parle g products and they has B2C gst sales of around 1000 invoices every month each having Invoice value of around Rs.2000
Can anyone please let me know whether in tally, I need to record each and every invoice or can invoices be consolidated and recorded?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 17 June 2021

Yes separate invoices should be recorded as invoices value is 2000 rupees each

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sreeja reddy (Articled assistant) (146 Points)
Replied 17 June 2021

Few invoices are of even less than Rs.500

prasad Nilugal (3924 Points)
Replied 17 June 2021

You have to record each and every invoice separately even if less than 500/- .

sreeja reddy (Articled assistant) (146 Points)
Replied 17 June 2021

IN that case, there would be around 700 debtors. so cant the invoices be consolidated and recorded as each invoice amounting less than Rs 2 lakhs considering the provisions of Sec 269ST?