Entry in Tally for UPI


This query is : Resolved 

Quick Summary
GST on sale of a used vehicle by a scrap dealer must be charged on full value, not margin, if ITC is claimed on RCM purchase. Margin scheme under Rule 32(5) is not allowed when ITC is availed.

13 April 2022 Sir,

Please tell me the entry in tally for payment through GOOGLE PAY(upi).
Purchase petrol for RS 500 through UPI. how the entry will be.
Please guide.

13 April 2022 Petrol expenses Dr
To bank account UPI cr

13 April 2022 Sir,
I made mistake to plot the question
Actually i am the seller of petrol, and customer paid Rs 500 through UPI.
Then in that case how will be the entry.

13 April 2022 Bank account UPI receipt Dr
To Petrol sale cr

13 April 2022 Sir,
Is this the receipt entry. As becoz money enter in bank account.

14 April 2022 Yes it's.................


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details