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.
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Regarding Journal Entry
Replies (8)
Quick Summary
Normal sale entry
with
cr. sales excluding tax.
cr. duty advancement
party a/c dr.
sales excluding tax cr.
cr. duty advancement cr.
with
cr. sales excluding tax.
cr. duty advancement
party a/c dr.
sales excluding tax cr.
cr. duty advancement cr.
Dear Sabyasachi Mukherjee,
Please explain if it's purchase bill(Tax Invoice) then what should be the entry.
Please explain if it's purchase bill(Tax Invoice) then what should be the entry.
Purchases Dr. (including customs duty advancement charge)
IGST Dr.
To Vendor/Bank/etc.
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.
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.
Thanks Manish and Sabyasachi.....
Kindly suggest some way where i can get instant answer of my queries.
Much Thanks....
Diwakar Kumar
Hi,
Purchases A/c..................Dr
IGST A/c...........................Dr.
To Vendor / Supplier A/c
Thanks
Mohammed Khalandar
Chartered Accountant
E-mail : iamkhalandar @ gmail.com
Thanks Mr. Khalandar.
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