How to pass third party payment gateway entries in tally erp

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Bhaskar Putta

38 Points Posted on 26 July 2017

Hello everyone,
Could you please resolve the below questions?

Basically, We have a website and selling items through website. In this website we are using Third party payment gataway limited(Eg.CC Avenue).
If we sell the item in Website, that money goes to Third party(Sundry Debtor). This thrid party member send the money to our Account after 1 week.
Eg.
Item Cost: 1000/-
Goods IGST(5%): 50/-
Total: 1050/-(This amount paid by Customer to CC Avenue)
But CC Avenue took some amount from the above amount. Per Example they Charged 50/- and 18% Service Tax(IGST 18%).
Total They charges 50/-+ 18% of 50/-
So 50/- + 9/-
Total: 59/-
And finally I get 1050 - 59/- = 991/- from CC Avenue to my bank.
How to treated above example in Tally ERP 9( With Goods IGST 5% and Service Tax IGST 18%.

Please help me if anyone expert inTally ERP 9 GST.

Thanks in Advance.

Replies (11)

Guest

Posted on 26 July 2017

Debtor 991

Commission 50

Input GST 9

To Sales 1000

To GST payable 50

Bhaskar Putta

38 Points Posted on 26 July 2017

But in Tally, Input GST Rs.9 is not showing on Tax Invoice.

I don't want to print Commision on Tax Invoice.

Guest

Posted on 26 July 2017

Do two entries:

One tax invoice:

Debtor 1050

To Sales 1000

To GST payable 50

----------------------------------------

One journal:

Commission 50

Input GST 9

To Creditor 59

Bhaskar Putta

38 Points Posted on 27 July 2017

Thanks for the entries.

Who is Debtor here? Customer or CC Avenue.

Here Customer is Original Buyer and CC Avenue is mediator of the payment.

Guest

Posted on 27 July 2017

CC Avenue is the debtor.

Put buyer's details in this form (Tally)

Bhaskar Putta

38 Points Posted on 28 July 2017

If my follow above step.

The invoice was mismatched if Debor have GSTIN and Cosumer is Unregisted.

Bhaskar Putta

38 Points Posted on 08 August 2017

Anybody is there?

Nilesh

self employed

24 Points Posted on 11 September 2017

Edit Company (Cosumer is Unregisted.) Go To Option Accounts Info > Ledgers > Alter > under Tax Registration Details > Set / Alter GST Details > yes> Chose Registration Type Unregistered And Save Ledger, May Be Work

Prem G

22 Points Posted on 03 November 2018

Debtor is the Buyer, CC avenue is a service provider, hence they are your sundry creditor who will charge you for service, Entry: Invoice Raised to -> Buyer/Consumer - To Sales 1,000/- To GST 50/- Commission entry as Journal/Purchase Invoice for Services-> By Service Charges Paid 50/- By Input GST 9/-

Ram Krishan

24 Points Posted on 11 December 2018

Hello Prem G.

Thanks for clarification.

Also please tell how to show this entry in receipts if the buyer is registered and and we have clear his balance when we received the payemnt through payment gateway . becuase if I deposit Rs 991/- in bank (above example) then there will be rs 59 outstanding of that buyer?

Thanks in advance

Ram krishan

Mubashir Ahmed

Accounts

22 Points Posted on 01 July 2022

Pass a journal debiting CC avenue and crediting the customer on the same date when the customer makes payment.

When the amount reaches ur bank account , make a reciept entry for the amount u have got in bank . Thirdly the Ccavenue will be providing a gst invoice (for their commission)- make this entry as purchase (accounting invoice) and ur account will be matched.