Metal Scrap Setup in ProfitNx

Step 1) First Go to Master Master > Modify Company > Add GST TDS GSTIN.
Step 2) Open Company > Goto Account Master.
Step 3) Add TDS Accounts (CTDS, STDS, ITDS) one by one under Account Category “TDS”. Select GST TDS. Select Proper TDS Type under GST TDS
Step 4) Add or Modify Product > Select Consider As “Reverse Charge (URD)”
Step 5) Check GST TDS Applicable
Step 6) Add or Modity Purchase Party Account > Select GST TDS
Step 7) Select CTDS, STDS & ITDS Account, Applicable Date (01/10/2024), Applicable Amount, CTDS, STDS & ITDS percent.
Step 8) Do Purchase Entry as regular entry. Auto Journal Hawala Entry will be done when Purchase Entry is saved