Tally Entry for Service Purchase

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This query is : Resolved

Quick Summary

This discussion clarifies how to record GST purchases of services in Tally, specifically for repair and maintenance of sound systems that are then billed to clients. The consensus is to categorise this as an indirect expense under 'Repair and Maintenance Expense', with GST ITC debited if a GST bill is available, and the payment credited to cash, bank, or vendor.

Accounts

Accounts (Querist)
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09 November 2023 GST purchase of service entry in tally (Under Direct expenses or indirect expenses) & If indirect under which head

RAJA P M

RAJA P M (Expert)
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13 November 2023 What services you received

Accounts

Accounts (Querist)
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16 December 2023 Repair & Service of Sound System which we are billing to the client afterwards

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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15 January 2024 Repair and Maintenance Expense - Dr
GST ITC - Dr. (IF GST Bill is available)
Cash/Bank/Vendor - Cr.

This expense should be an INDIRECT Expense

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