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B2B and B2C Updates in Tally

Published on: 05-06-2025
B2B and B2C Updates in Tally

B2B and B2C Updates in Tally

Tally (especially TallyPrime) has evolved significantly to comply with the GST regime in India. Understanding the distinction between B2B (Business-to-Business) and B2C (Business-to-Consumer) is crucial for accurate invoicing, taxation, and return filing. Here's a comprehensive overview:

 


 

What is B2B in Tally?

Definition:

B2B refers to transactions between two registered businesses — where the buyer possesses a valid GSTIN (Goods and Services Tax Identification Number).

Key Features in Tally:

  • GSTIN Required: The buyer must be registered and GSTIN must be entered in the ledger.
  • Tax Invoice Generation: Invoices are treated as tax invoices with applicable GST.
  • ITC Eligible: The buyer is eligible for Input Tax Credit.
  • Auto-Classified in GSTR-1 under the B2B section.
  • E-invoicing Enabled for businesses eligible under government rules (usually based on turnover).

 Process in Tally:

  1. Create a Party Ledger with GSTIN.
  2. Enter a Sales Voucher with applicable tax rates.
  3. Tally automatically:
    • Flags it as a B2B invoice
    • Makes it available for GSTR-1 export
    • Prepares JSON for IRP e-invoicing (if enabled)

 E-Invoicing in B2B:

  • Mandatory for businesses with turnover above limits (₹5 Cr or ₹10 Cr).
  • Tally generates IRN, QR code, and acknowledgement.
  • Data sent directly to Invoice Registration Portal (IRP).

 


 

What is B2C in Tally?

 Definition:

B2C refers to transactions where the buyer is not registered under GST — typically individual consumers or small businesses.

 Key Features in Tally:

  • No GSTIN Required: Customer ledger is created without GSTIN.
  • Tax Invoice Issued: Still includes applicable GST, but no ITC to buyer.
  • Auto-Classified in GSTR-1 under:
    • B2C (Small): Intrastate or low-value invoices
    • B2C (Large): Interstate invoices exceeding ₹2.5 lakh

 Process in Tally:

  1. Create a Customer Ledger without GSTIN.
  2. Record a Sales Voucher with appropriate tax rate.
  3. Tally flags this as a B2C invoice and places it under the correct GSTR-1 section.

 


 

Recent Updates in Tally for B2B/B2C

GST Return Enhancements:

  • TallyPrime auto-segregates invoices as B2B/B2C.
  • JSON Export directly compatible with GST portal.
  • Validation Checks:
    • Missing GSTIN for B2B parties
    • Mismatched state codes

Customisable GST Setup:

  • Party-wise GST details
  • Default Tax Ledgers at stock or item level
  • Optional HSN/SAC auto-fill

Reports & Filing:

  • GSTR-1, GSTR-3B, and GSTR Summary reports
  • Filter by B2B, B2C, Nil-rated, Exempt, etc.
  • Drill-down view to verify invoice classification

E-Way Bill Integration:

  • Direct generation of e-way bills for B2B and B2C (above threshold).
  • Validates distance, transporter, and invoice data.

 


 

Example: B2B Entry in Tally

  1. Create Party: ABC Pvt Ltd (GSTIN: 29ABCDE1234F1Z9)
  2. Sales Entry:
    • Date: 01-06-2025
    • Item: 10 PCs @ ₹1,000 each
    • GST: 18%
    • Total: ₹11,800
  3. Classified As: B2B → GSTR-1 B2B section
  4. IRN Generated (if enabled)

 


 

 Example: B2C Entry in Tally

  1. Create Party: Mr. Ramesh (No GSTIN)
  2. Sales Entry:
    • Date: 02-06-2025
    • Item: 5 PCs @ ₹1,000 each
    • GST: 18%
    • Total: ₹5,900
  3. Classified As: B2C → GSTR-1 B2C (Small or Large)

 


 

 Tips to Manage B2B/B2C in Tally Effectively

  • Always check GSTIN validity for B2B clients.
  • Regularly review GSTR-1 reports for accuracy.
  • Keep e-invoicing enabled if required.
  • Use voucher class for auto tax calculation.
  • Enable invoice references for easier tracking during audits.

 


 

 


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