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Creating Service Provider (Supplier) Ledger [Service Tax] in Tally.ERP 9

To create Service Provider Ledger under Sundry Creditors

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

Set Up

In F12: Configure (Ledger Configuration)

  • Set Allow Advanced entries in Masters to Yes

  • Set Use Addresses for Ledger Accounts to Yes

In the Ledger creation screen:

  • Enter the Name of the Party Ledger e.g. Krypton Agency.

  • Select Sundry Creditors from the List of Groups in the Under field.

  • Set Maintain balances bill-by-bill to Yes.

  • Enter the Default Credit Period, if required.

  • Set Is Service Provider/Receiver to Yes.

Note: In day-to-day business scenario a party can provide services as well as receive  services. In such cases, same party ledger can used to account both the sale and purchase of services.

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


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  • Registration Number: Enter 15 digits Service Tax Registration Number of the Service Provider. E.g. ASSDG7584DST001

Note: Service Tax Registration Number is a PAN Based Number. For More information refer the topic - Service Tax Assessee Code.

  • Date of Registration: Enter the Registration Date

  • Is Associated Enterprise: Set this option to No

  • Type of Classification: In this field select the classification , if applicable. For Ram Agency Not Applicable is selected.


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Note:

 

1. Exempt: Select this option when the Service Provider/Receiver is exempt from Service Tax.

2. Export: Select this option when the services are Exported

3. Import: Select this option when the services are Imported

4. Input Credit:Select this option when the service purchased/sold is eligible to avail input credit

5. Pure Agent: Select this option when the Service provider/Receiver acts as a pure agent

6. Taxable: Select this option when the service purchased/sold is a taxable service

7. Tax on Service Received: Select this option when the transport services are purchased and the service receiver is liable to pay the tax.

 

The Type of Classification selected in the Service Provider/Receiver will determine the Type of Service which can be overridden in the voucher entry.

  • Enter the Mailing Details and Tax Information

 
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  • Press Enter to Accept and save.

 
 
 
 
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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