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Tally procedure to maintain expinditue below 5000 per day

PRADEEP KR. MONDAL (Accountant) (156 Points)

24 July 2017

TALLY 6.0 DETAILED PROCEDURE TO MAINTAIN EXPINDITUE BELOW 5000 PER DAY

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5 Replies

Lalit Sangani (M.Com. Asst. Manager Account) (736 Points)
Replied 24 July 2017

purchase from unregistered dealer upto 5000/- daily basis is exempted, no need to pay gst on paid amount.

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PRADEEP KR. MONDAL (Accountant) (156 Points)
Replied 24 July 2017

IT IS EXEMPTED BUT HOW TO KEEP THE RECORDS IN TALLY 6.0

Lalit Sangani (M.Com. Asst. Manager Account) (736 Points)
Replied 24 July 2017

you can make entry as well as ealier applicable before gst, but you have to maintain two group one registered creditors (expenses) and second unregistered creditors (expenses), at the end of the month you can view how many unregistered expenses you have, and paid if any single day is expenses more than 5000/-, before calculating gst export all the data from tally and keep it in a folder.

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Tarak shah (57 Points)
Replied 24 July 2017

in this freight can be included ? if it is from unregistered ?

Lalit Sangani (M.Com. Asst. Manager Account) (736 Points)
Replied 25 July 2017

Freight and transportation is a service, and Reverse charge is applicable on transportation, hence freight and transportation can not be include in this catogory, any item which has bought can be include.