Reverse Charge under GST

Reverse Charge under GST
When you buy from unregistered suppliers, do imports, or purchase goods earmarked as reverse
chargeable, you can record reverse charge under GST.
Configure your party ledgers
Create a service ledger
Record a reverse charge entry
Configure your party ledgers
You need to configure your party ledgers to record a reverse charge entry.
To configure your party ledgers
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Alter.
2. Enable the option Set/alter GST details?.
3. Select Unregistered for Registration type in the GST Details screen.
4. Press Ctrl+A to save.
Create a service ledger
You need to create a service ledger to record a reverse charge entry.
To create a service ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. In Under, select Indirect Expenses.
3. Set the option Is GST Applicable? to Applicable.
4. Enable the option Set/alter GST details?.
o In the Tax Rate Details screen, select Purchase from Unregistered Dealer for
Nature of transaction.
o Select Taxable for Taxability.
o Press F12: Configure and set the option Enable reverse charge calculation? to Yes.
o Set the option Is reverse charge applicable? to Yes.
o Set the rate details.
Note: To view the Central Tax and State Tax calculations, enable the option Allow multiple GST
rates? in the F12: Configure.
5. Select Services for Type of Supply.
6. Press Ctrl+A to save.
Record a service charge entry
To record a service charge entry
1. Go to Gateway of Tally > Accounting Vouchers > Accounting Vouchers > F9: Purchase.
2. Enter the voucher date.
3. Select the party ledger for Party A/c name.
4. Select expense ledger.
5. Enter the amount.
6. Press Enter to accept.