Another new problem has been created by tally sollution. In tally 6.1.1 rcm provision entry fully suspended but we have to pay rcm U/s 9(3). But we can't able to do it in tally 6.1.1.
WHAT SHOULD WE DO???
Govt. I salute you for doing harassment to us.
You ll be create JV your own way for above said entries...
Another Problem when you make adjustment entry to reflect correct Tax Liablity to reflect in Duty and Taxes in Balance Sheet.
This adjustment entry get added into GSTR3B return related to Ineligable ITC as per section 17(5). as this Ineligable ITC one has to pass adjustent entry as ITC not available so trasfer to expenses ledger to reflect correct expenses. this adjustment gett added into GSTR3B return in Section 17(5)
please if any one observed. or please let me know correct way to display Tax liablity in duty and taxes
I don't think there is any point in manually Increasing and Decreasing tax liability in Tally.
That means you have to still adjust manually the amounts which were supposed to auto adjust with posting of Voucher entries.
is the accounting software used to automate the tasks or to increase the burden?
T R SOOD & CO
New Delhi
CA Inter
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CAclubindia
