Suppose a corporate booking comes in with a company GSTIN and is through MakeMyTrip which have a GSTIN too. How can we input all these into Tally Prime? GSTR-1 and GSTR-3B must show all the necessary tax related details, billwise entry to keep track of which booking are paid by MMT.
I did sales entry for Corporate booking (Hotel Gross Charges to company with taxes). But problem starts with commission based. I had MakeMyTrip (Sundry Creditors), Commission Expenses (Indirect Expenses), TDS, TCS (Duties & Taxes) created, but got confused how to do all the entries.
Example : Company "ABC" Hotel Gross Charges : 2075, GST (12%) : 249, Total Charges: 2324, MMT Commission : 414.96, GST on commission (18%) : 74.69, Total Commission : 489.65, TCS (0.5% of 2075) : 10.38, TDS (0.1 of 2075) : 2.08, MMT to Pay Hotel (Total Charges - Total Commission - TCS - TDS): 1821.89.
TCS, TDS deducted by MakeMyTrip. GST charged by MakeMyTrip, so is it possible to claim ITC? Please provide the solution for this. If possible, screenshots or video is appreciated.
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