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Service Tax in POS Invoice [Service Tax] in Tally.ERP 9

While recording POS invoice for sale of stock items or services, the facility is provided to select service ledger with the Type of Service - exempt or taxable or pure agent for any service category in the absence of party ledger.

To record POS Invoice,

  1. Create the POS Invoice Voucher Type

  2. Create the masters - sales ledger and stock item

  • Service Ledger as the name of the ledger under Sales Accounts by setting the options:

  • Inventory Values are affected to Yes

  • Is Service Tax Applicable to Yes

  • Set the Default Service Tax Category to Any.

  • Create the stock item - Fitness Equipment

  1. Create the tax ledgers for Service Tax, Education Cess and Secondary and Higher Education Cess

  2. Record a POS Invoice using the required payment mode

  3. Record the Payment Voucher (to account for payment to the Department)

POS Invoice of Taxable Sales - With Inventory

On 7-1-2014 ABC Company raised a POS invoice on sale of 1 fitness equipment for  50,000. The payment of  50,000 was made by credit card and 6,180 by cash.

POS Invoice Voucher Type

Create a POS Invoice Voucher Type by following the steps given below:

  1. Go to Gateway of Tally > Accounts Info. > Voucher Types > Create

  2. Enter the Name as POS Invoice, with the Type of Voucher set to Sales

  3. Set the option - Use for POS Invoicing to Yes

  4. Specify the messages to be printed along with the default print title.


[Img-102]

  1. Press Y or Enter to accept and save.

POS Invoice with Stock Items

Go to Gateway of Tally > Accounting Vouchers > F8: Sales > POS Invoice

Click Ctrl+P: Multi Mode Pymt button to display the multiple payment options.

  1. In the Party's A/c Name field, select Not Applicable. The party ledger can also be selected here or party details can be provided in the supplementary details screen.

  2. Select the Service Ledger in the Sales Ledger field.

  3. Select the stock item, enter the quantity and rate to display the amount.

Note: The service ledger can also be selected here.

  1. In the Service Tax Details screen,

  2. Click F12: Configure and set the options as shown:


[Img-103]

Note:

(1) The option, Allow to override Service Category during entry when enabled will allow the user to modify the Service Category while recording the transaction (if the category is pre-defined in the ledger master).

(2) The option, Allow alteration of Tax Rate when enabled will allow the user to alter the tax rate while recording transaction.

(3) The option, Allow alteration of Taxable Percentage when enabled will allow the user to alter the Taxable Percentage if there is any abatement.

  1. Select the Type of Ref as New Ref. You can either retain or change the text displayed in Name column.

  2. Select the Type of Service as Taxable.

  3. Select the Category/Service as Health Service. In the Taxable Percentage screen, enter 100%.


[Img-104]

  1. The Service Amount will be automatically displayed.

  2. The total of service tax amount and service amount will be displayed in Amount (Incl. of Tax) column.


[Img-105]

  1. In the POS invoice, select the tax ledgers. As per the tax calculated in the Service Tax Details screen, the values will be displayed against Service Tax, Education Cess and Secondary and Higher Education Cess.

  2. Select the required payment mode and enter the amount against each of them. The balance amount if any will be displayed as cash payment.


[Img-106]

  1. Press Y or Enter to accept the POS Invoice.

POS Invoice using Voucher Class - Taxable Sales with Inventory

On 8-1-2014 ABC Company raised a POS invoice for 2 fitness equipment at  50,000 each. The payment of:

  •  48,000 was made by credit card

  •  58,300 was made by cheque

  •  6,060 was made by cash.

Voucher Class - POS Invoice

Go to Gateway of Tally > Accounts Info. > Voucher Types > Alter > POS Invoice

  1. In the Name of Class column, enter the name as Voucher Class.

  2. In the Voucher Class Type screen,

  • Under Default Ledger Accounts for POS Invoice section, set the options - Gift Vouchers, Credit/Debit Card Payment, Cheque/DD andCash to Yes and select the required ledgers against each of them, if applicable.

  • Under Default Accounting Allocations for all items in Invoice (except for the items specified below) section, select the service sales ledger and enter the percentage as 100%.

  • Under Additional Accounting Entries (e.g. Taxes / Other Charges) to be added in Invoice section, select the ledgers created for Service Tax, Education Cess and Secondary and Higher Education cess.


[Img-107]

  1. Accept the Voucher Class Type screen and the POS Invoice Creation screen.

Note: In the Voucher class, VAT ledgers can also be selected along with service tax ledgers.

POS Invoice of Taxable Sales using Voucher Class

Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select POS Invoice > Select Voucher Class in the Class field

  1. In the Party's A/c Name field, select Not Applicable. The party ledger can also be selected here or party details can be provided in the supplementary details screen.

  2. Select the stock item, enter the quantity and rate to display the amount.

  3. In the Service Tax Details screen,

  • Select the Type of Ref as New Ref. You can either retain or change the text displayed in Name column.

  • Select the Type of Service as Taxable.

  • Select the Category/Service as Health Service. In the Taxable Percentage screen, enter 100%.


[Img-108]

  • Enter the Service Amount as 50,000.

  • The values will be displayed against Service Tax, Education Cess and Secondary and Higher Education Cess.

  • The total of service tax amount and service amount will be displayed in Amount (Incl. of Tax) column.

  • For the remaining amount, select the Type of Ref as New Ref. You can either retain or change the text displayed in Name column.

  • Select the Type of Service as Taxable.

  • Select the Category/Service as Health Club and Fitness Center. In the Taxable Percentage screen, enter 100%.

  • The Service Amount appears as 50,000.

  • The values will be displayed against Service Tax, Education Cess and Secondary and Higher Education Cess.

  • The total of service tax amount and service amount will be displayed in Amount (Incl. of Tax) column.


[Img-109]

Note: In the Service Tax Details screen, one service (sales ledger) can be allocated to more than one category depending on the user's requirement.

  1. In the POS Invoice, the tax values will be displayed against the service tax ledgers.

  2. Based on the ledgers chosen against the payment modes while creating voucher class, the information will be displayed here. Enter the amount against the chosen payment mode and pay the balance amount if any by cash.


[Img-110]

  1. Press Y or Enter to accept the POS Invoice.

Payment to the Department

To record a payment voucher,

Go to Gateway of Tally > Accounting Vouchers > F5: Payment

Click Alt+S: Stat Payment button and select the Type of Duty/Tax as Service Tax. On enabling the Auto Fill Statutory payment option, the Service Category can be selected to make the payment. However, you can set this option to No and choose the bill references to make payment.


[Img-111]

The payment voucher appears as shown:


[Img-112]

Press Y or Enter to accept the payment voucher.

Note: On receipt of advance amount, the service tax dues have to be paid on the advance received by selecting the voucher reference of receipt voucher. While recording the POS invoice, the advance amount received can be adjusted against the advance amount received.

Cancellation of POS Invoice

On 17-1-2014, the POS invoice raised on 1 fitness equipment to EMS Services was cancelled.

Record a POS Invoice by selecting party ledger in the Party's A/c Name field as shown:


[Img-113]

 

On 18-1-2014, the POS invoice raised on 1 fitness equipment to EMS Services was cancelled.

The POS invoice can be cancelled using credit note. To cancel a POS Invoice,

Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8: Credit Note

Note: Only the POS Invoice recorded by selecting party ledger can be cancelled.

  • Select the Party ledger in Party's A/c Name field.

  • Select the Sales ledger.

  • Select the stock item and enter the quantity. The rate and amount will be captured automatically.

  • In the Service Tax Details screen, select the bill reference as shown:


[Img-114]

  • Select the ledgers created for Service Tax, Education Cess and Secondary and Higher Education Cess. The values will be displayed automatically.


[Img-115]

  • Press Y or 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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