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

Service Receiver (Customer) Ledger

To create Service Receiver Ledger under Sundry Debtors

Go to Gateway of Tally> Accounts Info.> Ledgers> Create

  • Enter the Name of the Customer Ledger e.g. CreativeIn Ad Agency.

  • Select Sundry debtors from the List of Groups in the Under field.

  • Set Maintain balances bill-by-bill to Yes.

  • Enter the Default Credit Period, if required.

  • Set Is Service Provider/Receiver to Yes.

Note: In day-to-day business scenario a customer can provide services as well as receive  services. In such cases, same party ledger can used to account both the sale and purchase of services.

  • Set the option Set/Alter Service Tax Details to Yes and press enter to view Service Tax Details screen

  • In Service Tax Details screen enter

  • Registration Number: Enter 15 digits Service Tax Registration Number of the Service Provider. E.g. APPLG7584DST001

Note: Service Tax Registration Number is a PAN Based Number. For More information refer the topic - Service Tax Assessee Code.

  • Date of Registration: Enter the Registration Date

  • Type of Classification: In this field select the classification, if applicable. Here Not Applicable is selected

Note:

 

1. Exempt: Select this option when the Service Provider/Receiver is exempt from Service Tax.

2. Export: Select this option when the services are Exported

3. Import: Select this option when the services are Imported

4. Input Credit:Select this option when the service purchased/sold is eligible to avail input credit

5. Pure Agent: Select this option when the Service provider/Receiver acts as a pure agent

6. Taxable: Select this option when the service purchased/sold is a taxable service

7. Tax on Service Received: Select this option when the transport services are purchased and the service receiver is liable to pay the tax.

 

The Type of Classification selected in the Service Provider/Receiver will determine the Type of Service which can be overridden in the voucher entry.

  • Enter the Mailing Details and Tax Information

Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.

 

  • Press Enter to Accept and save.

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