14/07/2017

How to create B2B Sales & compute GST in Tally?

What is B2B Concept in regard to GST (Goods & Service Tax) and How to Create B2B Sales & Compute GST in Tally?

B2B means Business to Business, when you made sales/ purchase transaction to any other business entity which is registered or unregistered, this transaction is called B2B transaction. 

B2B is a part of New GST Regime and will be show in GST return. But do you know what is the impact of this transaction in your account and how to deal with B2B Sale Transaction.

In Tally, B2B consider following registration type:
  1. Composition
  2. Regular and
  3. Unregistered

Above all type of dealer will come in category of B2B. let see an example:
Example 1: Ramesh sold 2000 units of Biscuits to Suresh (both are registered local dealers). In this case alter the debtor ledger and set gst details as register and enter buyer's GSTIN no. 
Example 2: Ramesh sold 2000 units of Biscuits to Suresh (Suresh is unregistered local dealers). In this case alter the debtor ledger and set gst details as unregister.
Example 3: Ramesh sold 2000 units of Biscuits to Suresh (Ramesh is Regular dealer and Suresh is composition local dealers). In this case alter the debtor ledger and set gst details as Composition and enter buyer's registration number.
In all cases sales made to Suresh called B2B transaction and showing in B2B invoice in GST computation.


Hope its clarifies about B2B model in GST. 

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