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Back to: Purchase Transaction with Service tax

Service tax purchase transactions in Tally ERP 9:

 

Example:

Joshi Business and Tax Consultancy Pvt. Ltd. purchased/taken advertising service from Across Media Pvt ltd at Rs  10000/- and 14% Service Tax, 0.5% Swach Bharat Cess and ,0.5% Krishi Kalyan Cess was levied on it.

Lets pass a Purchase entry:

• Go to Gateway of Tally.
• Go to Accounting Voucher.
• Select Purchase Voucher (Shortcut F9)
• Write Date
• Select party Ledger “Systems Pvt ltd”
• Select Expense Ledger “advertising expense”
• Give to amount “Rs 10000”
• Select Tax Ledger “Service Tax @ 14%” and tax would be automatically calculated.
• Select Tax Ledger “Swach Bharat Cess @ 0.5%” %” and tax would be automatically calculated.
• Select Tax Ledger “Krishi Kalyan Cess @ 0.5%” and tax would be automatically calculated.
• Write narration
• Accept the screen.
• You can check the transaction in that party ledger or expense ledger in Reports.
• Your Service Tax computation report will be also updated as you make transactions.
• Make payment as usual like we have seen in earlier module.