In practice, professionals issue receipts for services rendered.
Serendipitous Clicks render photography services to customers. For the services provided, they issue receipts on the payments received from their customers.
Serendipitous Clicks rendered their photography services to Jass Jewels worth ₹ 2,00,000 on which a service charge of 14.0% and Swachh Bharat Cess (SBC) of 0.50% is changed. On 18-11-2015, they received a payment of ₹ 3,37,080 and issued a receipt to them.
To record the transaction
1. Go to Gateway of Tally > Accounting Vouchers > F6: Receipt.
2. Select Cash in the field Account.
3. Select the income ledger under Particulars.
4. Enter 200000 in the field Amount.
5. Select duties and taxes ledger. The service tax and SBC rate will get calculated automatically.
6. Enter Narration, if required.
7. Press Enter to accept.
The completed receipt voucher appears as shown below:
'Recording Sale of Service by Professionals (Service Tax)' has been shared with
