All the services sold can be recorded in Sales Voucher (Account Invoice Mode) or Journal Voucher.
Example: On 6-7-2012 ABC Company provided Event Management Services to CreativeIn Ad Agency for Rs.2,50,000 on which Service Tax is charged @ 12.36%
Record the Transaction in Sales Voucher
Go to Gateway of Tally > Accounting Vouchers > F8: Sales
In Accounting Voucher Creation screen, press Alt+I or click on I :Account Invoice if the Voucher is in Item Invoice mode
Press F2 and change the date to 06-07-2012
In Party’s A/c Name field select the service receiver e.g. CreativeIn Ad Agency
Under Particulars select the Service (sales) Ledger e.g. Sales- Event Mgt Services and press Enter to view Service Tax Details screen
In Service Tax Details screen
Type of Ref.: Select New Ref from the Method of Adjustment. New Ref is selected for new Financial Transactions. Where as, Agst Ref is selected to set off the advance receipts.
Name: This field displays the Reference Number for the Service Taxcalculation. The default Reference Number displayed, is a combination of abbreviation of Sales,Voucher Number and Line Number. Example: Sale/1-1 which can be changed by the user. Service Tax payments are tracked with these Reference Numbers.
Note: If the Reference no. is mentioned in the Ref. field, then Tally.ERP 9 captures reference number instead of voucher number in Number displayed in Namefield.
Note: In Type of Service field
1.Exempt is defaulted for the Type of Classification Exempt
2.Export is defaulted for the Type of Classification Export
3.Pure Agent is defaulted for the Type of Classification Pure Agent
4.Taxable is defaulted for the Type of Classification set to Not Applicable
The default Type of service can be overridden. Press Back Space key to move to Type of Service field and select the applicable Type of service. The type of service selected in the voucher entry will determine the Type of service.
Note: To override the default service category press F12: Configure and set the option Allow to override Service Category during entry to Yes.
Service Amount: In this field enter the Service Amount Rs. 2,50,000. On providing the service amount Service tax gets calculated.
Amount (Incl. of Tax): In this field the cumulative (collective) amount of Service amount and Tax will be displayed in this field
Note: You can enter the invoice Amount in the Amount (Incl. of Tax) field. Tally.ERP 9 back calculates the amount to arrive at the Service amount and Tax portion. The service amount will be displayed in Service Amount field and Tax details against the Tax Head.
In Amount field the Service Amount of Rs. 2,50,000 will be defaulted automatically.
Under Particulars select service tax ledger e.g. Service Tax @ 12%. Service Tax amount will be calculated and displayed automatically.
Under Particulars select education cess ledger e.g. Education Cess @ 2%. Education Cess amount will be calculated and displayed automatically.
Under Particulars select secondary education cess ledger e.g. Secondary Education Cess @ 1%. secondary Education Cess amount will be calculated and displayed automatically.
Enter the Bill-wise Details as shown below:
The completed service Sales Voucher is displayed as shown:
Press Enter to Accept the Voucher.
Print Sales Invoice
To print sales invoice, after saving the sales invoice press Page Up from Accounting Voucher Creation screen to view the earlier entered sales invoice. Click on P: Print button or press Alt +P to view Voucher Printing screen
In Voucher Printing screen Press F12: Configure to view Invoice Printing Configuration screen
In Invoice Printing Configuration set the option Print Company Logo to Yes. Location of Logo will be defaulted based on the path defined while enabling the Logo feature in F11: Features.
Note: Facility to print Company Logo in Service Invoice has been provided in Tally.ERP 9 Release 3.0. The Print Company Logo option will be displayed inInvoice Printing Configuration screen, only when Enable Company Logo feature is enabled (set to Yes) in F11: Features (Accounting Features)
Note: Ensure I: With Preview option is enabled to view the Invoice Preview.
Press Enter to accept the Voucher Printing screen. Accounting Voucher Display screen appears click on Zoom or press Alt + Z to view the preview.
The Sales Invoice Preview is displayed as shown:
For more information on enabling Company Logo refer the topic - Accounting Features > Enable Company Logo.
Service Tax Payables
In the earlier service Tax Module of Tally.ERP 9, sales of Services recorded were not displayed in the Service Tax Payables report till the receipt of Payment from Service Receiver.
But in the new re-modelled service tax, sale of services can be viewed in Bill Date Wise Service Tax Payables report.
Go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Service Tax Payables > Bill Date wise
The Bill Date Wise Service Tax Payables report appears as shown:
Report displays the invoice details, Party Name, Service Category, Bill Amount and Total Tax.