Bank Charged From Me Rs.1,321.00 For Some Services. I Wan't to Do Entry of this in tally... plz tell me in which account this entry will we done.. please tell me the step wise process i am new in the tally

From India , Udaipur
Bank service charges include the bank charges & these charges comes under P& L A/c So these entry will be pass in payment. Bank charges Dr. under P&L a/c BAnk a/c (Bank Name)
From India , Delhi
Create Bank Charges A/c In Indirect Expances group in journal voucher F7 Bank charges A/c Dr. 1321 To Bank A/c 1321
From India , Delhi
I Agree with saxena but we need to consider servce tax of bank charges if they charges service tax on bank charges this will help us to claim service tax payments regards krishna reddy
From India , Bangalore
Dear All,

Kindly note that the entry of this transaction in Tally will be under payment i.e. F5. If some one is using F7 which is for Journal Vouchers under which the Cash & Bank Accounts are not allowed. If you have to consider the payment under F7 then the configuration of Journal Voucher has to changed and the Bank / Cash must be allowed.

In regard to CENVAT Credit of Service Tax paid on Bank Charges can be taken either by collecting transactionwise Bank Advise. Another way is that you have to ask the bank to furnish the Certificate along with statement showing the details of service tax on service charges collected by the bank from you. You can ask the certificate from bank either Quarterly / Half Yearly / Yearly. Such certificate and statement must be signed by any authorised person of the bank. You can avail CENVAT Credit of Service tax on the basis of the statement and certificate provided by the bank. Generally, the banks will refuse to provide, but many companies are collecting such certificate issued by the banks and avail CENVAT Credit on such certificates.

In this transaction with reverse calculation method the Basic Bank Charges will be Rs.1,175 and Rs. 146 will be Service Tax i.e. 12.36%.


From India, Pune

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