banner_ad

Regarding Journal Entry

276 views 8 replies
User Avatar

Accounts Executive
34 Points Posted on 09 July 2020
I have a tax invoice in which there are following things: custom duty: Rs. 275.56
Duty igst: 500.58
Duty advancement charge: 500(sgst & chat applied)

my question is how can I make entry in tally.
Reply Share Follow
On 09 July 2020 at 18:58 Report
Replies (8)
User Avatar

Profession Business
28207 Points Posted on 09 July 2020
Normal sale entry
with
cr. sales excluding tax.
cr. duty advancement
party a/c dr.
sales excluding tax cr.
cr. duty advancement cr.
44 Reply
On 09 July 2020 at 21:15
User Avatar

Accounts Executive
34 Points Posted on 09 July 2020
Dear Sabyasachi Mukherjee,
Please explain if it's purchase bill(Tax Invoice) then what should be the entry.
Reply
On 09 July 2020 at 22:19
Guest

Purchases Dr. (including customs duty advancement charge)

IGST Dr.

To Vendor/Bank/etc.

Reply
On 16 July 2020 at 20:05
User Avatar

Profession Business
28207 Points Posted on 17 July 2020
This is not a purchase entry



cash purchase entry..
preferable is


purchase dr..
party a/c cr
igst cr.


party a/c dr
cr. bank...


Ist entry relates to booking of the invoice


second one
payment of the invoice.
44 Reply
On 17 July 2020 at 07:24
User Avatar

Accounts Executive
34 Points Posted on 17 July 2020
Thanks Manish and Sabyasachi.....
Reply
On 17 July 2020 at 10:11
User Avatar

Accounts Executive
34 Points Posted on 17 July 2020

Kindly suggest some way where i can get instant answer of my queries.

Much Thanks....

Diwakar Kumar

Reply
On 17 July 2020 at 12:51
User Avatar

Practicing Chartered Accountant
203 Points Posted on 21 July 2020

Hi,

Purchases A/c..................Dr

IGST A/c...........................Dr.

         To Vendor / Supplier A/c

Thanks

Mohammed Khalandar

Chartered Accountant

E-mail : iamkhalandar @ gmail.com

3 Reply
On 21 July 2020 at 18:55
User Avatar

Accounts Executive
34 Points Posted on 21 July 2020
Thanks Mr. Khalandar.
Reply
On 21 July 2020 at 19:01


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details