Service tax reverse charge mechanism entry in tally software
This query is : Resolved
24 April 2014
if I purchase a man power supply services for our company what will be entries passed and how many entries I passed
25 April 2014
u purchased Rs 15 00 000/- Manpower Supply service rendered
tally enter debited to X company Rs 15 00 000/-
but ST 3 Return u are liable only 75% of RS 15 00 000/- under partial reverse charge mechanism enter amount Rs 11 25 000/-
then ok there is no option for special for gross bill tally with st3 return
please under stand ur gross bill means under partial reverse charge mechanism so 75% is shown in st3 returns
tally enter debited to X company Rs 15 00 000/-
but ST 3 Return u are liable only 75% of RS 15 00 000/- under partial reverse charge mechanism enter amount Rs 11 25 000/-
then ok there is no option for special for gross bill tally with st3 return
please under stand ur gross bill means under partial reverse charge mechanism so 75% is shown in st3 returns
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