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 Services under reverse charge GST law, like Service Tax, has classified many taxable services under ‘reverse charge’. What this means is that the recipient of these services will be liable to pay taxes to the department as we have discussed in our previous blogs. Also read: What is Time of Supply for Services on Reverse Charge The list of certain services that fall under reverse charge scenarios are listed on Central Board of Excise & Customs website at Advance payment to unregistered dealer In GST, […]