How to pass third party payment gateway entries in tally erp

Accounts 597 views 4 replies

rakumar

Jr.Accountent

7 Points Joined February 2019

Hello Professionals,. Could you please resolve the below question ? 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 (4)

Manjunath L Bellubbi

48 Points Joined February 2020

As per my knowledge the accounting treatment will be

letus take goods sold to ABC

a) When goods sold to ABC for 1000+5% Igst (sales entry to be pass)
ABC a/c. 1050. (Asset goesup bcoz. ABC is your S Dr's now)
To Sales a/c. 1000
To Output IGST @ 5% 50

B) When ABC made payment to CC avenue (Journal Entry to be pass)

CC avenue A/C. 1050. (Asset goes up bcoz Cc avenue is u r S Dr's now)
To ABC. 1050. (Asset goes down bcoz ABC discharged they liability)

C) when Cc avenue make payment to You. (Recp entry to be pass)

Bank a/c. 991
Input igst @ 18% 9
CC avenue service charge account. 50
To Cc Avenue a/c. 1050. ( Asset goes down bcoz CC avenue discharged they liability)

rakumar

Jr.Accountent

7 Points Joined February 2019

Thank You So Much Sir

Aarti Mehta

2 Points Joined July 2025

if third party refund the service charge amount and igst than what entry would be pass

Areeba Nishat

22 Points Joined May 2025

To pass third-party payment gateway entries in Tally ERP, you can follow this simple approach:

Create a ledger for the payment gateway under Current Liabilities or Sundry Creditors.
When a customer pays via the gateway, record a receipt entry debiting the customer and crediting the payment gateway ledger.
Once the amount is transferred to your bank (after gateway charges), pass a payment entry debiting the gateway ledger and crediting the bank, adjusting any fees in a separate ledger like “Bank Charges.”

Also, if you’re labeling invoices, reports, or naming clients uniquely within Tally or related exports, try using love name style — it helps convert plain text into bold, fancy, or custom-styled fonts for a personalized and professional look!