Hello experts
we regularly paid freight charges above 2000 Rs single payment to different transporters on every day.How to prepare the RCM entry in Tally. pls suggest for any short method to reduce the no of entry
Menu
RCM ON FREIGHT
Replies (7)
made one entry at the end of the month total freight for a particular month @ 5% is RCM to be paid.
You just create A Ledger as "Freight - RCM @ 5%" and also apply the Rcm head is yes. Then yoou can enter your freight amount its also shown as RCM with tax amount. Just take it a print out.
welcome mr raja sir..in tally there is lot of entries to manage rcm. i do the same step for each and every payment only for RCM applicability.
@ RAJA PM SIR
The method in tally is.
1. freight entry under purchase mode
2. statistic jr adj for tax liability
3. payment of rcm in receipint liability
4. statistic jr adj for increase the itc
after that every thing in gstr show s correctly .But this step is too long.
The method in tally is.
1. freight entry under purchase mode
2. statistic jr adj for tax liability
3. payment of rcm in receipint liability
4. statistic jr adj for increase the itc
after that every thing in gstr show s correctly .But this step is too long.
Also I mailed to Tally Solutions...
After get any reply I'll forward it to you...
Wait on further reply...
After get any reply I'll forward it to you...
Wait on further reply...
Thanks RAJA SIR...
Thanks RAJA SIR...
Recent Topics :
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
Related Topics :
CAclubindia
