Creating Service Purchase Ledger

To create the service purchase ledger

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

2. Enter the Name.

3. Select Purchase Accounts as the group name in the Under field.

4. Set Inventory values are affected to No.

5. Set the Rounding Method.

6. Set the option Is Service Tax Applicable to Applicable.

7. Enable the option Set/alter service tax details.

   To set the service tax details

   1. Select a Service category from the List of Service Categories.

   Or,

   1. Select Undefined in the Service category feild

   2. Enter a Name of the service category.

   3. Enter the rate of Service tax.

   4. Enter the rate of Education cess.

   5. Enter the rate of Secondary education cess.

8. Press Enter.

The Ledger Creation screen appears as shown below:

9. Press Ctrl + A to save the details.

Click the links below for configurations:

Recording service code and sub-clause number

Recording abatement details