To create Service Tax ledger,
Go to Gateway of Tally > Accounts Info > Ledgers > Create
In the Name field enter the Name of the Ledger
Select the Group Duties & Taxes in the Under field
In Type of Duty field select Service Tax from the list of Types of Duty/Tax
In Category Name field select Accounting Services (619) from the List of Service Categories
Set Inventory Values are affected to No, which can be set to Yes if applicable.
Accept the screen to save.
Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.
'Creating a Tax Ledger' has been shared with
