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How to Manage Advance Paid for Supplies Attracting Tax on Reverse Charge

We have discussed the scenarios in which reverse charge is applicable in our previous blog . In these scenarios, when recipients make advance payment for supplies on which they are liable to pay tax on reverse charge, they will also have to pay tax on…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

101,322 total views, 27 views today

How to Manage Reverse Charge Transactions in Tally.ERP 9

In this blog we are addressing reverse charge for two specific scenarios and how they are handled in GST Software by Tally – Tally.ERP 9 Release 6 Services under reverse charge Advance payment to unregistered dealer Are you GST ready yet? Get ready for GST with…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

126,535 total views, 90 views today

When do you have to Pay Tax on Reverse Charge Basis?

This article has been updated as per the GST Council’s decision to suspend reverse charge mechanism on purchase of goods or services from unregistered dealers. Reverse charge is a concept we were familiar with, in the previous tax regime. To put it simply, under reverse…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

119,169 total views, 104 views today

Reverse Charge: Managing Purchases from Unregistered Dealers (URD) in Tally.ERP 9 Release 6

We have entered the GST era, and there are many aspects of the law that we need to learn and understand. One such aspect of GST is the ‘Reverse Charge’ and handling it in GST Software. Are you GST ready yet? Get ready for GST…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

188,799 total views, 255 views today