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Restoration of Service-Specific Accounting Codes [Service Tax] in Tally.ERP 9

The Negative List approach of levying Service Tax has been in practice from July 1, 2012.

Under the Negative List approach, service categories on which Service Tax is applicable were grouped under Taxable Services with single Accounting Code was provided.

As per Circular No. 165/16/2012-ST, w.e.f. November 20, 2012, service-specific accounting codes have been restored.

To reflect the changes so that the correct accounting codes may be captured in the relevant reports, for transactions recorded on or after the 20th of November, 2012, Tally.ERP 9 allows the user to set Service Category at Voucher level, if the same has not been defined in the Service Ledgers (that is, if in the Service Ledger master, the option Default Service Category is set to Any).

In the Service Tax Details screen that appears during Voucher entry, navigate to the Service/Category field. By default, Category/Service will be set to TaxableService:


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The user may choose the appropriate Service Category for the transaction:


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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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