↑
waytosimple
  • Accounting
  • Tally ERP9
  • Tax
  • Payroll
  • SAP FICO
  • Digital Marketing
  • Must Know
  • Services
  • E-Books
  • 0 items₹0.00

GST Import of Services under Reverse Charge in Tally ERP9

You can record import of service transactions under reverse charge in Tally.ERP9

 

 

Ledgers Creation

 

Path: Gateway of Tally -> Accounting Info -> Ledgers-> Create

 

 

Name: Peter Co

 

Under: Sundry Creditors

 

Country: United Kingdom

 

Press enter to save the screen

 

 

 

Recording of inward supply of import services

 

Path: Gateway of Tally -> Accounting vouchers -> F9 Purchase

 

Click on Accounting Invoice

 

 

Date: Enter date

 

Press enter to save the screen

 

 

 

Check The GSTR2 Report

 

Path:  Gateway of Tally -> Display -> Statutory Reports -> GST -> GSTR2

 

 

 

 

To claim tax credit on the liability of imports

 

You need to raise tax liability and then pay it to the Government.

 

 

To raise tax liability

 

Path:  Gateway of Tally -> Accounting Vouchers -> F7 Journal

 

Click on Stat Adjustment

 

 

 

Create the Tax on Imports ledger under current assets

 

Press Enter to save the screen

 

 

 

To claim tax credit on liability of imports

 

Path:  Gateway of Tally -> Accounting Vouchers -> F7 Journal

 

Click on Stat Adjustment

 

 

Type of duty/tax: GST

 

Nature of adjustment: Increase of Input Tax Credit

 

Additional details: Imports of services

 

Press enter

 

 

 

Press Enter to save the screen

 

 

 

Check the GSTR-3B Report

 

Path:  Gateway of Tally -> Display -> Statutory Reports -> GSTR-3B

 

 

 

 

 

Related Topics

 

Import of Goods under GST in Tally ERP9

 

Enable TDS in Tally ERP9

 

GST Classifications in Tally ERP9

 

 

Related Pages

  • How to Post TDS Receivable Entry in Tally ERP9
  • List of Shortcut Keys in Tally ERP9
  • Enable TDS in Tally ERP9
  • GST Classifications in Tally ERP9
  • Import of Goods under GST in Tally ERP9
  • Sales to Unregistered Dealer in Tally ERP9
  • Input Service Distributor under GST in Tally ERP9
  • How to Activate GST in Tally ERP9
  • How to Enable TDS in Tally ERP9
  • TDS on Professional Charges in Tally ERP9
  • GSTR-1 Report in Tally ERP9
  • GSTR-2 Report in Tally ERP9
  • GSTR-3B Report in Tally ERP9
  • What is Tally ERP9
  • How to Create Company in Tally ERP9
  • List of Ledgers and Groups in Tally ERP9
  • How to Create, Display, Alter and Delete Ledgers in Tally ERP9
  • How to Create, Display, Alter and Delete Group in Tally ERP9
  • Sales Voucher in Tally ERP9
  • Purchase Voucher in Tally ERP9
  • Home
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • E-Books

Copy Right © 2023 waytosimple.com All Rights Reserved.