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

Interest or Penalty Payable Towards Service Tax

You can record the payment of interest or penalty towards service tax using the Stat Payment button in payment invoice and selecting the payment type as interest.

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Interest payable

Penalty payable

Interest payment towards Service Tax

For example , ABC Company had to pay ₹ 800 towards service tax interest.

1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment .

2. Click S : Stat Payment and provide the required details.

3. Select bank ledger in the field Account .

4. Select the expense ledger created for interest on service tax under Particulars .

5. Enter the Amount as 800.

6. Enter the Bank Allocation details, as applicable.

7. Enter Narration , if required. The payment invoice appears as shown below:

8. Press Enter to save.

Penalty Payment Towards Service Tax

You can record the payment of penalty towards Service tax s using the Stat Payment button in payment invoice and selecting the payment type as Penalty

For example , ABC Company had to pay ₹ 5000 towards service tax penalty.

1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment .

2. Click S : Stat Payment and provide the required details.

3. Select bank ledger in the field Account .

4. Select the Service Tax ledger under Particulars .

5. Enter the Amount as 5,000.

6. Enter the Bank Allocation details, as applicable.

7. Enter Narration , if required. The payment invoice appears as shown below:

8. Press Enter to save.