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

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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

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What is Time of Supply for Services on Reverse Charge

In our previous blog, we discussed Time of Supply for Services under the Forward Charge Mechanism. Under the reverse charge mechanism, the recipient or buyer of services has to pay tax to the credit of the government unlike forward charge, where the supplier has to pay…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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What is Time of Supply for Goods on Reverse Charge

In our previous blog post What is Time of Supply for Goods on Forward Charge we discussed time of supply for goods on Forward Charge. In this blog, we will discuss time of supply of goods on reverse charge. In order to ensure that the tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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