Hi there, @accounts-ind-com.
I've got some details that help you pass the Reverse Charge Mechanism (RCM) entries in QuickBooks Online. Thus, you can pay your service tax as soon as possible.
QuickBooks uses bills or expenses for RCM entries. To start, you'll need to edit the existing service type or create a new one. Let me show you how.
6. Make sure that the Debit and Credit is equal.
For more knowledge, check out this link: How to enter transactions with reverse charge service tax in QuickBooks.
Also, I'd recommend consulting an accountant. They can explain and help you adjust the Input Service Tax, Output Service Tax, Input Service Tax RCM against Service Tax Payable. Once the adjustment entry is passed, the correct Service Tax liability will be visible.
Check out these articles below to know how the reverse charge mechanism works and when it is applicable in GST Input Tax.
Do you have questions about other processes? Add them to your reply, and I'll help you as soon as I can. I hope you remain safe and healthy in this unprecedented period.