Service Tax rate, item, rate, with effect from, service Tax.
Creating Service Sales Ledger In our example ABC LTD is a clearing and forwarding agent, providing agency service hence we are creating a Sales-Agency Services Ledger.
Summary of Post, today we will learn the service tax setup in Tally or service tax configuration in P 9 Release 5 and above the name suggests, it is a tax on the Services.
Let us assume that ABC Ltd a clearing and forwarding Agent Provided Agency services to mobile online discount offer XYZ Ltd For Rs 100000.00 on and there is no other bill for that month.
On checking this statement a finance manager can understand that a 6000 more fund will be available at is and he can plan accordingly.Finally, Tally asks you Yes.Particular Column write Gift House.PIO,17,NSC accrued interest,15,NSC interest TO text,1,numbers in to text,1,OCI,3,official notification,1,official website,2,oidar,1,oltas,4,one increment,2,ONE rank ONE pension,1,one thousand rupee note,2,online,1,online balance check EPF,3,online bsnl bill verification,2,online deposit of tax,7,online earning,1,online emi calculator,1,online employee provident fund,3,online epf balcnce,8,online filing of service tax return,14,online forex trading,1,online life insurance,5,online PAN,2,online.Accounting treatment of Business Promotion Expenses a) For expenses incurred in cash.Esc to come back and save the service purchase screen. .Purchase Ledger At first we are going to create a Advertising purchase ledger, In our example we are purchasing Advertising From Adstar advertising, Lets create Purchase Adverting under Purchase Account.There are lots of options available.Ledgers Create Before you start make sure that you have activated Allow advanced Information in masters Use address for Ledger Accounts To do this press F12,You will get a ledger configuration screen and do as instructed and save Now create ledger as usual, Fill the field.Example : A private Ltd Company should pay April month service tax on or before may 5th or May 6th if paid through rch month should deposit on March 31st itself.Suppliers Account c) For outstanding expenses:-, type of voucher to be prepared: Journal Voucher, entry to be made:-, debit:-, business Promotion Expenses Account.Select this icon with the help of mouse or press F6 key.
Print Service Invoice To Print Service cess Sales voucher in alteration mode.
The screen will look like below To view Tax analysis from service purchase voucher click, Tax analysis button or shortcut Key AltA, To view tax analysis in detail press Alt F1 or Click on detailed button.
Choose any one of the above options to choose bank reconcilation screen.And finally save the screen to create the service receiver ledger.I am here.Any clarification is required please comment.1,cloning of atm card,1,clubbing of income,2,collection charges,1,color scheme,1,commission ON small savings,2,common error in 2009-10,1,common error in itr 4-5-6,3,compa,1,companies bill 2012,2,companies rate,2,company bill 2011,6,company deposit,5,Company Law Settlement Scheme,5,company registration,4,complusory payment of taxes,1,composite supply,2,Composition scheme GST,7,Composition scheme service tax,2,computer AS FAX machine,1,computer sytem at ito office,1,concept paper,1,configure.Lets do this calculation in tally.(154 ITR 148 1,meaning of transfer in capital gain,1,meanings of finance terms,6,medical insurance premium,12,medical officer,3,medical u/s 80D,26,meet,1,menrega,1,merge ledger in tally,1,micr code,5,Microsoft,4,Microsoft Excel,7,military pay,2,minimum alternative tax,7,minimum balance,4,minimum experiance for bank branch auditor,1,minimum experience for bank branch auditor,1,minimum service,1,minimum wages,5,mip,1,mis matching,12,mistakes IN etds return,5,mistakes in itr,1,mistakes.