https://help.tallysolutions.com/docs/te9rel66/Tax_India/Service_tax/Configure_party_ledger_for_service_tax_in_Release_5.0.htm

Service Provider and Receiver Ledgers (Service Tax)

You can create ledgers for your service providers and receivers.

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Service provider ledger

Service receiver ledger

Configure service tax details in party master

Service Provider Ledger

You can create ledgers for your service providers under the Sundry Creditor group.

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

2. E nter the Name .

3. Select Sundry Creditor as the group name in the field Under .

4. Enable the option Maintain balances bill-by-bill? , if required.

5. Enter the Name of the service provider under Mailing Details .

6. Enter the Address .

7. Select the Country from the List of Countries .

8. Select the State from the List of States .

9. Enter the PIN Code .

10. Set Provide Bank Details to provide bank details .

11. Enter the PAN under Tax Information .

12. Enable the option Set/alter service tax details?

13. Press Enter to save. The Ledger Creation screen appears as shown below:

14. Press Enter to save.

Service Receiver Ledger

You can create ledgers for your clients or customers that receive services from you, under the Sundry Debtor group.

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

2. E nter the Name .

3. Select Sundry Debtor as the group name in the field Under .

4. Enable the option Maintain balances bill-by-bill? , if required.

5. Enter the Name of the service provider under Mailing Details .

6. Enter the Address .

7. Select the Country from the List of Countries .

8. Select the State from the List of States.

9. Enter the PIN Code .

10. Set Provide Bank Details to provide bank details.

11. Enter the PAN under Tax Information .

12. Enable the option Set/alter service tax details? .

13. Press Enter to save. The Ledger Creation screen appears as shown below:

14. Press Enter to save.

Configure service tax details in party master

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create or Alter .

2. Enable the option Set/alter service tax details?

3. Enter the service tax registration number, type of service and other details as shown below: