Drc03 journal entries in Tally

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1 Points Posted on 07 July 2021

Sir we paid Drc03 for 2018-19, 2019-20, 2020-21 in present financial year so how to journal entries for this and shall we pass entries for particular financial year or this financial year please help me

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On 07 July 2021 at 09:11 Report
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This discussion addresses how to record DRC-03 payments made in the current financial year for previous periods (2018-19, 2019-20, 2020-21) within Tally. The advice provided is to book the GST payment as an expense during the financial year the payment is actually made, rather than the year the liability pertains to.

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3924 Points Posted on 07 July 2021
What type of payment you made through DRC03 ?.
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On 07 July 2021 at 10:43
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CMA
13117 Points Posted on 07 July 2021

Entries to be made during the year of payment.

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On 07 July 2021 at 18:47
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GST Consultant
15986 Points Posted on 07 July 2021

Entries to be be made when payment is being done. Book GST payment in Expense.

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On 07 July 2021 at 19:59

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