Hi
we a registered dealer of paint business updated tally software used in our office. This tally is used for billing purpose of our business. The tally company has issued invoice for updation by charging gst. Shall we take the input credit of this gst
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Input credit of tax paid on tally updation
Replies (9)
| Originally posted by : vinay | ||
 |
Hiwe a registered dealer of paint business updated tally software used in our office. This tally is used for billing purpose of our business. The tally company has issued invoice for updation by charging gst. Shall we take the input credit of this gst |  |
Yes
Thanks... One more doubt.. How to journalise it.. our purchases will update stock. so can i go with a journal
tally (asset) a/c dr
cgst a/c dr
sgst a/c dr
To tally supplier
tally (asset) a/c dr
cgst a/c dr
sgst a/c dr
To tally supplier
show annual subscripttion of tally under indirect expenses head instead of asset... rest the entry is correct
| Originally posted by : Fahad Aslam | ||
|
show annual subscriptttion of tally under indirect expenses head instead of asset... rest the entry is correct | |
There is no annual subsciption involved
the updation which the querist is talking about is annual subscripttion charged by tallusiolutions through their vendors.. as it does not increase the life of asset... better way is not to capitalise but to show it as an expense
Or create accounting software under indirect expenses then proceed the above steps
Tally renewal can be shown as indirect expenses.
The Tally Update (TSS) is account under indirect expenses head.
Thanks all
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