HomeTallyPrimeGCC Compliance & TaxationHow to Set Up Service Ledgers in TallyPrime | UAE

 

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Set Up Service Ledgers

If your business provides services, create and configure a service ledger with the applicable VAT details. You can use this ledger to record the services rendered by your business in Accounting Invoice mode.

Before you begain | Prerequisites
  1. Enable VAT.
  1. Create the service ledger under Sales Account.
  2. Provide the required Statutory Details. 
    1. Press F12 (Configure) and enable Set Nature of Transaction for Ledgers.
    2. Nature of transaction: Select Not Applicable to let TallyPrime determine the nature of transaction, or select the required nature of transaction.
    3. Set Taxability to Taxable and enter the applicable Tax Rate.
      If the Taxability and Tax Rate have already been defined at the company level, they are displayed automatically.
    4. Select Services as the Type of Supply. 
  3. Provide the other required details and press Ctrl+A to save.
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