Sales of Services

To create a voucher for Sale of Services:

Go to Gateway of Tally > Accounting Vouchers > F8: Sales > select Tax Invoice from the List of Types

1. Press the toggle key Alt+I to select the option Accounts Invoice.

2. Enter the reference number in the Ref field. The invoice date will automatically be entered in the Date field and this can be changed if required.

3. Select the Party’s A/c Name from the List of Ledger Accounts.

4. Select the sales ledger grouped under Sales Accounts with VAT/Tax class - Sales @ 15% - Service.

5. Select the output supplementary duty ledger grouped under Duties & Taxes with Type of Duty/Tax as Supplementary Duty and VAT/Tax class - Supplementary Duty @ 10% - On Services.

6. Select the output VAT ledger grouped under Duties & Taxes with Type of Duty/Tax as VAT, VAT Sub type as Output VAT and VAT/Tax class - Output VAT @ 15% - Service.

7. Enter the details in the field Narration, if required.

8. Press Y or Enter to accept and save.

Note: The value of sales made using the VAT/Tax Class – Sales @ 15% – Services will be captured in Box 2 and Box 3 under Sale Value column of MUSAK–19. The output VAT charged on sales will be captured in Box 1 under VAT column and also Box 6, 9 and 20 of the return form.

The narration of the entry with output VAT amount will be displayed in Annexure MUSAK–18.