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Adjusting Advances against the Service Bill [Service Tax] in Tally.ERP 9

Example: On 20-7-2012 ABC Company provided the Event Management Service to CreativeIn Ad Agency and raised the bill for Rs. 1,00,000. Advance of Rs.30,000 received on 18-7-2012 adjusted against the bill.

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 20-07-2012

  • 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 (UseAlt +C to create the Ledger)

  • In Service Tax Details screen

  • Type of Ref.: Select Agst Ref to adjust the advances

  • Name: In this field select Rcpt/3-1 (dated 18-7-2012) from the Pending Tax Bills

  • Based on the advance bill selected Type of Service, Category, Service Amount and Amount (Incl.of Tax) will be defaulted automatically.

  • In Type of Ref field select New Ref

  • In Name field Sale/6-2 will be displayed.

  • Type of Service will be defaulted to Taxable and Category as Design Services

  • In Amount (Incl. of Tax) field enter balance bill amount of Rs. 70,000


[Img-137]

  1. In Amount field of the Voucher Creation screen, the Service Amount of Rs. 88,999.64 will be defaulted automatically.

  2. Under Particulars select Service  Tax Ledger e.g. Service Tax @ 12%. Service Tax amount will be calculated and displayed automatically.

  3. Under Particulars select Education Cess Ledger e.g. Education Cess @ 2%. Education Cess amount will be calculated and displayed automatically.

  4. Under Particulars select Secondary Education Cess Ledger e.g. Secondary Education Cess @ 1%. secondary Education Cess amount will be calculated and displayed automatically.

  5. In Bill-wise Details screen

  6. In Type of Ref select Agst Ref

  7. In Name field select CI/652/12-13 dated 18-7-2012 to adjust the advances

  8. In Amount field enter Rs. 26,699.89 to adjust the advances

  9. In Type of Ref select New Ref

  10. In Name field enter the bill name as ABC/682

  11. In Amount field balance of 70,000 will be displayed.


[Img-138]

The completed service Sales Voucher is displayed as shown:


[Img-139]

  1. Press Enter to Accept the Voucher.

 
 
 
 
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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