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https://help.tallysolutions.com/docs/te9rel49/Service_Tax_New/Purchase_of_Services_Incl_of_ST.htm

Purchase of Services - Inclusive of Service Tax

Example: on 10-7-2012 ABC Company purchased Advertising services from Krypton Agency and received service bill for Rs. 16,854 inclusive of service tax.

Record the Transaction in Purchase Voucher

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

  • 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 10-07-2012

  • In Party’s A/c Name field select the service provider e.g. Krypton Agency

  • Under Particulars select the Service (Purchases) Ledger e.g. Purchase- Advertisement Services and press Enter to view Service Tax Details screen

  • In Service Tax Details screen

  • Type of Ref.: Select New Ref from the Method of Adjustment

  • Name: This field displays Purc/5-1 as the Reference Number accept the default number

  • Type of Service: Based on the Type of Classification selected in the Service Provider, Type of Service will be defaulted (displayed). By default Input Credit is displayed and Tally.ERP 9 skips the field

  • Category: Based on the Service Category selected in the Purchase Ledger, category will be defaulted (displayed). By default Taxable Service is displayed and Tally.ERP 9 skips the field

  • Amount (Incl. of Tax): In this field specify the cumulative (collective) amount of Service amount and Tax Rs. 16,854. After specifying the Inclusive of Service Taxamount, Service Taxof Rs. 15,000 and tax bifurcation will be displayed automatically

  1. In Amount field the Service Amount of Rs. 15,000 will be defaulted automatically

  1. Under Particulars select Service  Tax Ledger e.g. Service Tax @ 12%. Service Tax amount on both the services will be calculated and displayed automatically

  2. Under Particulars select Education Cess Ledger e.g. Education Cess @ 2%. Education Cess amount on both the services will be calculated and displayed automatically

  3. Under Particulars select Secondary Education Cess Ledger e.g. Secondary Education Cess @ 1%. secondary Education Cess amount on both the services will be calculated and displayed automatically

  4. Enter the Bill-wise Details (bill number KA/4587/12-13)

The completed service Purchase Voucher is displayed as shown:

  1. Press Enter to Accept the Voucher.

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