You can record the interest or penalty paid on Krishi Kalyan Cess using the Stat Payment button in the payment voucher.
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Interest on Krishi Kalyan Cess
1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment .
2. Click S : Stat Payment and provide the required details.
o Select Service Tax as the Tax Type .
o Enter the period in the fields Period from and To .
o Select Interest on KKC as the Type of Payment .
o Press Enter to save.
3. Select bank ledger in the field Account .
4. Select the expense ledger created for interest on krishi kalyan cess under Particulars .
5. Enter the Amount .
6. Enter the Bank Allocation details, as applicable.
7. Press Enter to save.
1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment .
2. Click S : Stat Payment and provide the required details.
o Select Service Tax as the Tax Type .
o Enter the period in the fields Period from and To .
o Select Penalty on KKC as the Type of Payment .
o Press Enter to save.
3. Select bank ledger in the field Account .
4. Select the expense ledger created for penalty on krishi kalyan cess under Particulars .
5. Enter the Amount .
6. Enter the Bank Allocation details, as applicable.
7. Press Enter to save.
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