www.TallyERP9Help.Com

Accounting Service Consideration Payments through Journal [Service Tax] in Tally.ERP 9

Currently, all the Service Consideration receipts or payments are accounted in Receipts and Payments Voucher.

The re-modelled service Tax provides you the facility to account service Consideration receipts and payments through Journal Voucher. To account service consideration - Service Consideration Adjustments flag has been provided in Journal Voucher.

Example: On 25-4-2010 ABC Company made a payment of Rs. 71695 to AK Tours towards the Tax bill -Jurl/3-1 dated 10-4-2010 (bill No. AT/654/10-11 dated 10-4-2010)

Record the Transaction in Journal Voucher

To account Service consideration Payment through Journal, create the Voucher Class in Journal Voucher. To create Voucher Class refer - Create the Voucher Class in Journal Voucher

To record the Journal Voucher

Go to Gateway of Tally > Accounting Vouchers > F7: Journal

  1. In Change Voucher Type screen, in Class field select Service Tax Adjustments

  2. Press F2 and change the date to 25-04-2010

  3. In Used for field select the flag - Service Consideration Adjustments

  1. In Debit field select AK Tours ledger and press Enter to view Service Tax Details screen

  2. In Service Tax Details screen

  3. In Type of Ref field select Agst Ref

  4. In Name field select tax bill Jurl/3-1 dated 10-4-2010 from Pending Tax Bills

  5. On selecting the Tax bill Type of Service, Category, Amount (Incl. of tax) and Service Amount details will be defaulted.


[Img-238]

  1. In Bill-wise Details screen

  2. In Type of Ref select Agst Ref

  3. In Name field select AT/654/10-11 from the Pending Bills list to adjust towards receipts

  4. Amount will be defaulted automatically to Rs. 71,695.

  1. In Credit field select Canara Bank

  2. In Credit Amount field Rs. 71695 will be defaulted

The completed Journal Voucher is displayed as shown


[Img-239]

  1. 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.
Our Portal : www.TallyERP9Book.Com www.IncomeTaxManagement.Com www.Tally9Book.com www.TallyERP9Help.Com
Disclaimer :
Tally, Tally 9, Tally9, Tally.ERP, Tally.ERP 9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners.
The visitors may click here to visit the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications