This ledger allows to account Input service Credit and Output Service Tax of tax head Service Tax, on all service categories.
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
Enter the Name of the tax ledger you wish to create, for e.g., Service Tax @ 12%.
In Under field select Duties & Taxes as group.
In Type of Duty/Tax field, select Service Tax from Type of Duty/Tax list.
In Tax Head field select Service Tax
Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.
Note: The option Service Tax allows to use the tax ledger to account only Service Tax on taxable Services.
Set the option Inventory values are affected to No
Press Enter to save.
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