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Service Ledgers for GCC VAT

Related topics

Stock Items

Sale of Services

To update taxes and other GCC VAT details for your service items, you need to modify your service ledgers.

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Alter > select the ledger.

2. Select the Taxability of the item.

o Taxable - for goods and services that are classified as taxable

o Exempt - for goods and services that are exempted from tax

o Zero Rated - for goods and services that have 0% tax

3. Specify the Tax rate , if Taxable is selected in the Taxability field.

4. Select the Type of supply - Services .

5. Press Ctrl + A to save.

You can use this ledger to bill the services rendered by your business, in the Accounting Invoice mode.