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https://help.tallysolutions.com/docs/te9rel49/Service_Tax_New/Service_tax12_.htm

Service Tax @ 12%

This ledger allows to account Input service Credit and Output Service Tax of tax head Service Tax, on all service categories.

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  • Enter the Name of the tax ledger you wish to create, for e.g., Service Tax @ 12%.

  • In Under field select Duties & Taxes as group.

  • In Type of Duty/Tax field, select Service Tax from Type of Duty/Tax list.

  • In Tax Head field select Service Tax

Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.

Note: The option Service Tax allows to use the tax ledger to account only Service Tax on taxable Services.

  • Set the option Inventory values are affected to No

  • Press Enter to save.

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