Reverse Charge for Inward Supply of Services

To record a purchase entry

1.    Go to Gateway of Tally > Accounting Vouchers > F9: Purchase.

2.    Enter the details as required.

3.    Click A: Tax Analysis > F1: Detailed to view the detailed Tax Analysis report that displays the reverse charge amount.

4.    Press Escape (Esc) to go back to the purchase voucher.

5.    Press Ctrl+A to save.

Recording a journal voucher to raise the tax liability

To record a journal voucher to raise the liability

1.    Go to Gateway of Tally > Accounting Vouchers > F7: Journal.

2.    Click J: Stat Adjustment.

3.    Select the options as shown below:

       

4.    Debit the expense ledger, or the ledger grouped under Current Assets and credit the GST ledgers.

5.    Press Enter to save.