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Creating Service Purchase Ledger [Service Tax] in Tally.ERP 9

ABC Company is a Service Organisation which purchases and sells services.

To create the Service Purchase Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  • Enter the Name of the service purchase ledger you wish to create, for e.g., Purchase- Advertising Services.

  • Select Purchase Accounts as the group name in the Under field.

  • Set Inventory values are affected to No.

  • Set Is Service Tax Applicable to Yes.

  • In Default Service Category field select Taxable Service from the List of Service Categories.

Note: All the Purchases/Expenses subject to Service Tax have to be associated with relevant predefined Service Category.

 

The Default Service Category specified in the Purchase Ledger can be overridden during Voucher entry.

 

 From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.

 


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Note: The option Any can be selected from the List of Service Categories, where the user doesn't want to define the Service Category during Ledger Creation. This allows the user to use an Purchase/Expense Ledger (as a common Ledger) to account multiple Service Categories.


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  1. Press Enter to save.

Note: Depending on the company's accounting practices, purchase of services can be accounted by creating service ledger under Direct Expenses or Indirect Expenses or Purchases.

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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