How to Know Input Tax Credit (ITC) At Risk in Bills Payable - GST Report in TallyPrime | TallyHelp
Applicable to Release 5.0 and later
This video demonstrates the process of knowing the Input Tax Credit or ITC at risk in the Bills Payable report in TallyPrime.
You might be paying your vendors without verifying if the supplier has reported on the GST portal.
Isn't it a hassle to identify and follow up with vendors for small tax amounts to be uploaded even after having paid them the full amount?
The Bills Payable report bridges the gap, as you get to know the ITC at risk, and therefore, you can take a business decision.
The Bills Payable report can be configured to know the GST Status, based on the voucher uploaded by the buyer.
The video covers:
00:00 - Title and Introduction
00:59 - Viewing Bills Payable from a GST Perspective
03:49 - Setting the GST Status of Vouchers
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