Service Ledgers for GCC VAT

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.