How to enter import of service voucher under GST in tally erp 9 ?

You can account for import of services, raise liability on the tax payable (reverse charge), and claim gst tax credit.

Record inward supply of services as imports

Raise tax liability

Claim tax credit on the liability of imports

Recording inward supply ( purchase ) of services as imports in GST

You can record an inward supply of services that are imported, in a purchase invoice with GST Tax.

To record a purchase invoice

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

2.    Click I: Accounting Invoice.

import_purchase_voucher_gst

3.    In the field Party’s A/c Name, select the supplier ledger predefined with Country other than India.

4.    Select the service grouped under Purchase Accounts, and enter the amount.

5.    Press Ctrl+A to accept.

Claiming tax credit on the liability of imports

When you import services, you have to raise the tax liability in your books and then pay it to the gst department. You can record a journal voucher to raise this liability under reverse charge.

  How to create Income and Expense Ledgers in GST

You can claim the gst tax liability paid on imports as tax credit by recording a journal voucher. The purchase invoice details with the tax credit claimed on the purchase is shown in GSTR-2.

To record a journal voucher to raise tax 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 ledger grouped under Current Assets and credit the integrated tax ledger.

5.    Press Enter to save.

To claim tax credit on liability of imports

1.    In the journal voucher, click J: Stat Adjustment and set the options as shown below:

2.    Debit the integrated tax ledger and credit the ledger grouped under Current Assets.

  How to enter Local purchase & Interstate Purchase under GST in tally erp 9

3.    Press Enter to save.

To view the transactions in GSTR-2 report

1.    Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2.

2.    Click V: Default View and F1: Detailed, to view the purchase invoice details with the tax credit claimed on the purchase.

gstr_2

How to enter import of service voucher under GST in tally erp 9 ?
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