As per Rule 6 sub-rule (1A), all the taxable persons can pay service tax in advance. Service tax paid in advance is allowed to be self-adjusted towards service tax liable to be paid for the subsequent period.
On 16-11-2015, D-Day Events paid advance service tax of ₹ 12,360, and Swachh Bharat cess of ₹ 350 to the government towards event management services.
To record an advanced payment
1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment.
2. Click S: Stat Payment.
3. Select Service Tax as the Tax Type.
4. Enter 1-11-2015 in the field Period from and 30-11-2015 in the To field.
5. Select Advance in the Type of Payment.
6. Press Enter to save.
7. Select bank ledger in the field Account.
8. Select the expense ledger for arrears under Particulars.
9. Enter the Amount as 12360.
10. Press Enter to save.
11. Select the Swachh Bharat cess ledger for arrears under Particulars.
12. Enter the Amount as 350.
13. Enter the Bank Allocation details, as applicable.
14. Enter Narration, if required.
The payment invoice appears as shown below:
15. Press Ctrl + A to save.
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