banner_ad

Tally

Accounting Entries 267 views 1 replies

Sir/Madam,How will be the Entry/Steps for following Transaction?

1)I Pay the RCM(Tax on transport)/GST Tax To my CA (In Cash or Cheque Mode in the name of CA) and He pays it with Personal e-account also he charges Rs:100.00 for that?

2)what will be the ledger types for the above for entry in tally

Please help me i Beginner/Lerner

Replies (1)
I don't know how to configure this in tally. but without configuration, this would be the entry.

1. Tax paid on reverse charge.

Freight............Dr. (Grouped under indirect expenses)
ITC (RCM) ..... Dr (Grouped under current Assets)
To Bank a/c
2. Audit fee

Audit fee......Dr (Grouped under indirect expenses)
ITC................Dr(Grouped under current Assets)
To Bank

On offset, the ITC ledger (both Forward and reverse charge) should be transferred to a common ledger say GST paid. Similarly output tax collected to this ledger. difference to be the tax paid through bank account.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

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

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details