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:


[Img-283]

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


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