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

Sale of Services with Inventory

Example: On 22-7-2012 ABC Company sold 10 computer @ Rs. 40,000 per computer to CreativeIn Ad Agency and agreed for installation to be made by ABC Company with extra charges of Rs. 15000.

To account the above transaction

1. Create Income Ledger : To create Installation Charges ledger refer the Topic - Create Income Ledger

2. Create Output VAT ledger: To create Input VAT Ledger refer the topic - Output VAT Ledger

3. Record the Transaction in Sales Voucher

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

  1. In Accounting Voucher Creation screen, press Alt+I or click on I : Item Invoice if the voucher is in Account invoice mode

  2. Press F2 and change the date to 22-07-2012

  3. In Party’s A/c Name field select the service receiver e.g. CreativeIn Ad Agency

  4. In Name of Item field select Computers and specify Quantity as 10 and Rate as  Rs. 40,000

  5. In Accounting Details screen ledger select the Sales Ledger and press Enter

  6. Select Installation Charges and press Enter to view Service Tax Details screen

  7. In Service Tax Details screen

  8. In Type of Ref field select New Ref

  9. Name : In this field Sale/7-1 will be displayed.

  10. Type of Service: Based on the Type of Classification selected in the Service Receiver, Type of Service will be defaulted (displayed). By default Taxable is displayed and Tally.ERP 9 skips the field.

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

  12. Service Amount: In this field enter the Service Amount, Rs. 15,000

  13. Amount (Incl. of Tax): In this field the cumulative (collective) amount of Service amount and Tax will be displayed in this field

  1. In Amount field Service Amount of Rs. 15,000 will be displayed

  2. Select Service  Tax Ledger e.g. Service Tax @ 10%. Service Tax amount will be calculated and displayed automatically.

  3. Select Education Cess Ledger e.g. Education Cess @ 2%. Education Cess amount will be calculated and displayed automatically.

  4. Select Secondary Education Cess Ledger e.g. Secondary Education Cess @ 1%. Secondary Education Cess amount will be calculated and displayed automatically.

  5. Select Output VAT ledger to calculate VAT amount

  6. In Bill-wise Details screen Enter the bill details

The completed Sales Voucher is displayed as shown:

  1. Press Enter to Accept and save.

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