Back to: Sales Transaction with Service tax
Service Tax Sales Transactions in Tally ERP 9:
Example:
Joshi Business and Tax Consultancy Pvt. Ltd. Sold/Provided accounting service to Tech Systems Pvt ltd at Rs 5000/- and Levied 14% Service Tax,0.5% Swach Bharat Cess,0.5% Krishi Kalyan Cess on it.
Lets pass a Sales entry:
- Go to Gateway of Tally.
- Go to Accounting Voucher.
- Select Sales Voucher (Shortcut F8)
- Write Date
- Select party Ledger “Systems Pvt ltd”
- Select Income Ledger “accounting service
- Give to amount “Rs 5000”
- 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.
- Write narration
- 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 income ledger in Reports.
- Your Service Tax computation report will be also updated as you make transactions.
- Make receipt as usual like we have seen in earlier module.
