Category: Tally

Tally accounts software

Loss by fire drawing and charity under GST Tally ERP

Loss by fire drawing and charity under GST Tally ERP   ITC will not be available under the following condition under GST law goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples Journal Entries to Pass Loss by fire A/c Dr To Purchase A/c (being goods loss by […]

Tally Free samples and buy one get one free in Tally under GST

Tally Free samples and buy one get one free in Tally under GST There are several schemes such as buy one get one free, free sample, flat discount etc.These schemes are introduced to increase the sales and to penetrate¬†into a new market.It is very common practice in pharmaceutical business and during the time of festivals. […]

Introduction to SAP FICO Financial Accounting Module

Introduction to SAP FICO Financial Accounting Module What is full form of SAP? System Application and Product in Data processing When was SAP founded? It was founded¬†1 April 1972, Weinheim, Germany SAP is an ERP System ERP stands for enterprise resource Planning ERP is a combination of business management practice and technology, where information technology […]

Interstate and Intra state Stock transfer in GST regime in Tally

Interstate and Intra state Stock transfer in GST regime in Tally Under GST, levy of tax is on supply which includes transfers to distinct persons, and transfers are taxable under the following two cases:   Intrastate stock transfer: Taxable only when the entity has more than one registration in one state. These entities will be […]

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