Back to: Service Tax Masters In Tally ERP 9
- Example: Let us see how to create Service Tax Masters of Joshi Business and Tax Consultancy Pvt Ltd in Tally ERP 9.
Income Ledger Head:
Example:
Joshi Business and Tax Consultancy Pvt Ltd is providing Accounting Services which income ledger for them and service tax is applicable on Accounting services.
- Go to Gateway of Tally.
- Go to Masters.
- Go to Accounts Info.
- Go to Legers.
- Enter name “Accounting Services”
- Select Group as “Direct Income” .
- Select “ Is service tax applicable” option as “applicable”.
- Accept the screen and Accounting Services Ledger head will be created.
- Set/Alter Service Tax Details and Enter Percentage of Taxes.
Service Tax Ledger Head:
Example:
Service Tax is levied at rate 14 % on accounting services.
- Go to Gateway of Tally.
- Go to Masters.
- Go to Accounts Info.
- Go to Legers.
- Enter name “Service Tax @ 14%”
- Select Group as “Duties and Taxes” .
- Select Type of Duty as “Service Tax”
- Select Tax Head as “Service Tax”
- Round Method “Normal Rounding” and Limit as “1”.
- Accept the screen and Service Tax @ 14%” Ledger head will be created.
Swach Bharat Cess Ledger Head:
Example:
Swach Bharat Cessis levied at rate 0.5 % on accounting services.
- Go to Gateway of Tally.
- Go to Masters.
- Go to Accounts Info.
- Go to Legers.
- Enter name “Swach Bharat Cess @ 0.5%”
- Select Group as “Duties and Taxes” .
- Select Type of Duty as “Swach Bharat Cess”
- Round Method “Normal Rounding” and Limit as “1”.
- Accept the screen and Swach Bharat Cess @ 0.5%” Ledger head will be created.
Krishi Kalyan Cess Ledger Head:
Example:
Krishi Kalyan Cess at rate 0.5 % on accounting services.
- Go to Gateway of Tally.
- Go to Masters.
- Go to Accounts Info.
- Go to Legers.
- Enter name “Krishi Kalyan Cess @ 0.5%”
- Select Group as “Duties and Taxes” .
- Select Type of Duty as “Krishi Kalyan Cess”
- Round Method “Normal Rounding” and Limit as “1”.
- Accept the screen and Krishi Kalyan Cess @ 0.5%” Ledger head will be created.
Party ledger:
Create Party Ledger in similar fashion as we created in earlier modules.
Expense Ledger Head:
Example:
Joshi Business and Tax Consultancy Pvt Ltd has taken advertising services from Across Media Pvt Ltd.So Advertising is Indirect Expense for Joshi Business and Tax Consultancy Pvt Ltd.
- Go to Gateway of Tally.
- Go to Masters.
- Go to Accounts Info.
- Go to Legers.
- Enter name “Advertising expense ”
- Select Group as “Indirect Expense” .
- Select “ Is service tax applicable” option as “applicable”.
- Accept the screen and Advertising expense Ledger head will be created.
- Set/Alter Service Tax Details,Give name of Service, Enter Percentage of Taxes.
