To create stock item with service tax details, enable statutory option for stock items in the company's F11: Features > Statutory & Taxation .
On this page
1. Go to Gateway of Tally > Inventory Info. > Stock Item > Create .
2. Enter Name for the stock item.
3. Select group in the field Under .
4. Select Units for the stock item.
5. Enable Set/alter service tax details? to view the Service Tax Details screen.
o Define the Service category for the ledger. On selecting a service category, the service tax details defined in that service category will be inherited.
o Enter the Name .
o Enter rate of Service tax.
o Enter rate of Education cess , if required
o Enter rate of Secondary education cess , if required.
o Enter rate of Swachh Bharat cess .
o Enter rate of Krishi Kalyan cess .
The Service Category Creation (Secondary) screen appears as shown below:
6. Press Enter to save.
To create stock group with service tax details, enable the option for stock group/items in F11: Features > Statutory & Taxation .
1. Go to Gateway of Tally > Inventory Info. > Stock Groups > Create .
2. Enter the Name for the group.
3. Select the category in the field Under .
4. Set the option Should quantities of items be added to Yes , if required.
5. Enable Set/alter service tax details? . The Service Category Creation (Secondary) screen appears.
o Define the Service category for the ledger.
o Enter the Name .
o Enter rate of Service tax .
o Enter rate of Education cess , if required
o Enter rate of Secondary education cess , if required.
o Enter rate of Swachh Bharat Cess .
o Enter rate of Krishi Kalyan cess .
The Service Category Creation (Secondary) screen appears as shown below:
Note: You can also view all the service tax details such as applicable from, category and others.
To view the service tax details
● Press Alt+L on the Service Category Creation (Secondary) screen.
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