You can record the interest paid on Krishi Kalyan Cess using the Stat Payment button in the payment voucher.
To record payment of interest on Krishi Kalyan Cess
1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment.
2. Click S: Stat Payment and provide the required details.
o Select Service Tax as the Tax Type.
o Enter the period in the fields Period from and To.
o Select Interest on KKC as the Type of Payment.
o Press Enter to save.
3. Select bank ledger in the field Account.
4. Select the expense ledger created for interest on krishi kalyan cess under Particulars.
5. Enter the Amount.
6. Enter the Bank Allocation details, as applicable.
7. Press Enter to save.
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