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Manish S Thingalaya (student)     13 June 2018

Audit fees entry in tally

I have to make a Entry of Audit Fees Payable in Tally. if i made entry in Journal Voucher with GST rate, it cannot appear in "Statutory Report" ( Display>Statutory Report> GST> GSTR 3B)

In Simply, ITC of CGST & SGST should show in 3B. So what should i do



 21 Replies

RAJA P M

RAJA P M ("Do the Right Thing...!!!")     13 June 2018

How it's appear if You are enter the Payable entry Under Provision head...?

The CGST and SGST is available when you received Bill from the Consultant / Auditor...
1 Like
Manish S Thingalaya

Manish S Thingalaya (student)     13 June 2018

actually i need to make a entry..

Audit fees. Dr
CGST. Dr
SGST. Dr
To Audit fees Payable. Cr
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     13 June 2018

Yes Exactly... It's correct entry. But, no need Tax calculations...

You just provide...

Dr. Audit Fee - XXX
Cr. Audit Fee payable - XXX.
3 Like
Manish S Thingalaya

Manish S Thingalaya (student)     13 June 2018

Thank you for the clarification..!
1 Like
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     13 June 2018

You are most welcome
1 Like
S ELAVARASI

S ELAVARASI (ACCOUNTANT)     13 June 2018

@ RAJA P M Sir.,

If I enter the Expense as per Your view 

What about the Tax Value...?

How can I provide the Tax Entry...?

Manish S Thingalaya

Manish S Thingalaya (student)     13 June 2018

you should make a bill of entry in purchase voucher...
e.i,
party name : xyz firm
audit fees xxx
cgst 9% xxx
sgst 9% xxx

this way u should make entry. and it reflect in 3B.
S ELAVARASI

S ELAVARASI (ACCOUNTANT)     13 June 2018

Originally posted by : Manish S Thingalaya
you should make a bill of entry in purchase voucher...e.i, party name : xyz firmaudit fees xxxcgst 9% xxxsgst 9% xxxthis way u should make entry. and it reflect in 3B.

Sir.,

I ask the Provisional entry with the Tax Value....

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     13 June 2018

you  should pass the entry 

Audit Fees a/c      Dr 

Cgst  A/c              Dr 

Sgst  A/c              Dr 

To  party,s A/c               Cr                (sundry Creditors) 

(Audit  fees payable )   This will   reflect  in GSTR3B 

When you pay the amount 

Party.s A/c  Dr 

To Bank . 

( Audit fees paid . Cheque No .....) 

2 Like
Vinod Babu

Vinod Babu   14 June 2018

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S ELAVARASI

S ELAVARASI (ACCOUNTANT)     14 June 2018

Originally posted by : Vinod Babu
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1 Like
Vinod Babu

Vinod Babu   14 June 2018

👌👌👌
NAGESWARAN

NAGESWARAN (ACCOUNTANT)     14 June 2018

@ Elavarasi

Tax amount will be reflect in GSTR2 and GSTR3B only on proper declaration of applicability in GST. Otherwise it will not reflect in any GSTR report.

So create the auditor account with GST Number under sundry crs or Crs for expenses by creating sub group as u like

2. Create the Audit fee ledger under indirect expenses and select APPLICABLE to GST..and enter the appropriate gst rate.

3. Then pass the journal entry as
Dr audit fees
Dr CGST
Dr SGST
Cr. Auditor account
Thats all. definitely it will appear in GSTR1 and GSTR3B
Vinod Babu

Vinod Babu   14 June 2018

Thanks for the valuable answer

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