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.

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