Step-by-Step Guide on Recording Purchase of Capital

Goods with GST in Tally Prime

Chapter No 1

How to Create a Company in Tally Prime?

Once you install Tally Prime – It will re-direct to Select Company Menu

There you will get Create company option which shows in Below image.

You will be to provide the required company information. Fill in the following details:
Company Name Skill Course (Purchase of Capital Goods)
Address 4th Floor Jai Hind Estate,
2-b Dr.a.m Road, Kalbadevi
Mumbai
State Maharashtra
Country India
Pin code 400002
Telephone 02268886888
Mobile 9876543210
E-Mail skillcourse@gmail.com
Website Skillcourse.in
Financial Year Beg. 2023
Books Beg. 2023
 Chapter No 2

Purchasing capital goods

Purchasing capital goods under the Goods and Services Tax (GST) regime involves certain
procedures and considerations. Capital goods are typically assets that are used in the
business for the long term, such as machinery, equipment, vehicles, etc.

GSTN No 27ALGPD6196B1Z8
 Chapter No 3

On 01 Apr 23 Purchase Furniture for Rs 40,000/- form Akash Furniture on credit

with 18% GST

Set simple interest parameters for the party ledger.

Create Ledger
Ledgers Name Akash Furniture
Under Sundry Creditors
Maintain bill by bill Yes
GSTIN Numbers 27AAACT2727Q1ZW
 Create Ledger
Ledgers Name Purchase A/c
Under Purchase Accounts
 Create Ledger
Ledgers Name Furniture
Under Fixed Assets
 Create Ledger
Ledgers Name C GST
Under Duties & Taxes
Tax Type Central Tax
 Create Ledger
Ledgers Name S GST
Under Duties & Taxes
Tax Type State Tax
On 01 Apr 23 Purchase Furniture for Rs 40,000/- form Akash Furniture on credit
with 18% GST

Ans :-
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