Place Of Supply option in Journal Sale/Purchase

Earlier while posting Journal Sale/Purchase, there was no provision for Place of Supply. Place of Supply comes into play when Place of Supply of Goods is different from Location of the Selected Party(Customer/Supplier). If Different Place of Supply is selected then GST taxes will be implemented on the basis of Place of Supply. This will also impact GSTR returns.

The following steps will guide you about this new option:

Step 1: Go to Journal Sale/Purchase voucher configuration>Other options>Column locks. Tick to unlock the option “Supply Place”.

In case the Company is Local B2B but the Place of Supply is interstate then you need to enter the Interstate company name in Place of Supply Field and while posting journal purchase entry, Local party name will be entered. (refer to the image below)

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