How to enter a Import Purchase under GST in Tally?

You can account for the import of goods using a purchase invoice, record tax payment, and raise liability on the tax payable.

In an import transaction, GST applicability depends on the type of import:

• Taxable Import: Integrated tax is applicable. Select Imports taxable in Nature of Transaction in the purchase ledger created for taxable imports.
• Exempt Import no Tax is applicable. Select Imports Exempt in Nature of Transaction in the purchase ledger created for Exempt Imports.

To Record Taxable imports under GST:

1. Go to Gateway of Tally - Accounting Vouchers - Purchase (F9)

In Party's A/c Name, Select the supplier's ledger

Select the stock item and enter the quantity and rate.

Provide GST Details and enter to save. 

Press Ctrl + A to save the details.

You can view the corresponding impact in GSTR - 2 and drill down Import of goods Invoices for more details.

In Party A/c Name, Select the supplier ledger. Select the stock item, and enter the quantity and rate. Provide GST Details - Yes, to enter additional details regarding the import.

To include customs duty in the taxable value.

Go to purchase invoice recorded earlier. Select the purchase ledger. Select the stock item, and enter the quantity and rate. The GST Details screen will appear. 

Calculate the value of custom duty according to the rate specified by the department, and add it to the original Taxable value. Enter the total amount in Taxable Value. 

Press Ctrl + A to accept.  

You can view the corresponding impact in GSTR - 2

To add the column Eligible Integrated Tax amount to GSTR - 2, open the table Import of Goods Invoices in GSTR - 2, press F12 and enable the option Show Eligible Amount? Now GSTR 2 along with the column for eligible amount will appear as shown below: