Hi
I am doing a domestic money transfer business i need the gst and tally entries for this.
My queries is Example I have transfer Rs.1000/- to my customer through domestic money transfer in imps mode. I am charging Rs.10/-as surcharge (extra Charge from the customer). customer will pay Rs.1010/-.
I am paying GST for Rs.10/- calculation will come like Rs. 8.48 as Taxable amount, Rs.0.76 as CGST & Rs.0.76 as SGST so total Rs.10/-.
My money transfer company charging Rs.5/- as additonal charges and given the invoice as Rs.4.24/- as taxable amount , Rs.0.38 as CGST & RS.0.38 as SGST. I paid Rs.1005/- to the money transfer company or bank.
I want how to made entries in tally for purchase and sales and also for the transfer amount Rs.1000/-
Regards
Shahul