Tally

268 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
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details