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Sale of Sevices as Reverse Chargeable (RCM) under GST in Tally.ERP9

GST classifies some services as reverse chargeable, and the buyer is liable to pay tax. When you record sales of such services, you can view the tax liability of the buyer in the invoice.

These sales transactions are captured in the B2B invoices section of the GSTR-1 report.

Step-1 : Create Sales Ledger for Services as Reverse Chargeable under GST in TallyERP9

1.  Go to Gateway of Tally > Accounts Info. > Ledgers > Create

Creating Sales Ledger as Reverse Chargeable under GST in TallyERP9

(Fig-172)

2.  GST applicability.

  • Is GST Applicable? - Applicable .
  • Set/alter GST details? - Yes .

3.  GST Details.

  • Press F12: Configure and set Enable reverse charge calculation? to Yes .
    F12-Configure for Reverse Charge Applicable in Tally.ERP9
    (Fig-173)
  • Taxability - Taxable .
  • Is reverse charge applicable? - Yes .
  • Enter the GST rates.

GST Details for Sales Ledger as Reverse Chargeable in TallyERP9
(Fig-174)

Note: If you create a reverse chargeable service as a stock item, set the option Is reverse charge applicable? to Yes in the GST Details screen.

4.  Accept the ledger.

Step-2 : Voucher Entry of Sale of Sevices as Reverse Chargeable under GST in Tally.ERP9

1.  Go to Gateway of Tally > Accounting Vouchers > F8: Sales .

2.  Select the party name.

3.  Select the sales ledger enabled for reverse charge.

  • Click : Tax Analysis to view the tax liability of the buyer under reverse charge.

Tax Analysis Report of GST Liability of the buyer under reverse charge in TallyERP9
(Fig-175)

  • Press Esc to go back to the sales invoice.

Sale of Sevices as Reverse Chargeable under GST in TallyERP9
(Fig-176)

4.  Save the invoice.

If you have created services as stock items, record the transaction in item invoice mode by selecting the stock item.

A printed accounting invoice is shown below. Tax amount is shown with the indication that it is subject to reverse charge.

Printed Invoice Preview of Sale of Sevices as Reverse Chargeable under GST in TallyERP9
(Fig-177)

Step-3 : View GST Liability of the Buyer of Services as Reverse Chargeable under GST in Tally.ERP9

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

GSTR-1 Report of Buyer of Services as Reverse Chargeable under GST in TallyERP9
(Fig-178)

2.  Press Enter on B2B Invoices . The Voucher Register displays the reverse charge liability of buyer.

GSTR-1 Report Details of Buyer of Services as Reverse Chargeable under GST in TallyERP9
(Fig-179)

3.   Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-3B .

GSTR-3B Report of Reverse Charge Supplier in TallyERP9
(Fig-180)

 
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