Straight Scenes Designs is an architectural firm. They render architects services and interior decorations to their clients. They receive advertising services to promote their firm and also event management services. Let's see how service tax details can be defined in a scenario, where a company renders more than one service and receives more than one service.
To Define Service Tax Details for Straight Scenes Designs
Go to Gateway of Tally > F11: Features > Statutory and Compliance.
Enable the option Set/alter service tax details.
Set the option Enable creation of tax classifications at master level to yes.
Press Enter.
Press Ctrl + A to save the details.
For each of the services rendered and received, a service category can be created.
Create a service category as shown below. Click the image below to go to the step-by-step procedure of creating a service category.
Create a group under Sales Accounts as shown below. Click the image below to go to the step-by-step procedure of creating a ledger group with service tax details.
Create a ledger under the new group created as shown below:
On selecting the service tax ledger in the transaction, the service tax rate is calculated as shown in the screen below. Click the image below to go to the step-by-step procedure for recording a service tax purchase transaction.
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