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Tax Ledger [Service Tax] in Tally.ERP 9

On all the taxable services,  three heads of taxes are applicable. They are, Service Tax @ 12%, Education Cess @ 2% and Secondary & Higher Education Cess @ 1%.

In Tally.ERP9 you can create the Tax Ledger in Three ways

Common Service Tax Ledger

Single Tax ledger to account both Input service Credit and Output Service Tax of all the service Categories.  

Example: Service Tax Ledger (to account tax of all the tax heads)

Tax Head based Tax Ledgers

Three separate ledger to account both Input service Credit and Output Service Tax of all the service Categories based on the Tax Heads.

Example:

Input or Output Tax Ledgers

1. Common Input and Output Tax Ledgers

Two seperate Tax ledgers - one to account input service credit and another for output Service Tax for all the service categories.

2. Input and Output Tax Head based on Tax Ledgers

  • Three separate Input Credit ledger - to account Input Credit of Service Tax, Education Cess and Secondary and Higher Education Cess

  • Three separate Output ledgers - to account Output Tax of Service Tax, Education Cess and Secondary and Higher Education Cess .

Note: You can create the Input Tax ledger under the group Duties & Taxes or Current Assets. The Ledgers created under Current assets should be used only to account service input credit.

 
 
 
 
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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