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Creating Common Tax Ledger (Service Tax)

You can create a single ledger for service tax which can be used to account for service tax, education cess, and secondary education cess.

To create a common service tax ledger

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

2.    Enter the ledger Name.

3.    Select Duties & Taxes as the group name in the field Under.

4.    Select Service Tax as the Type of duty/tax.

5.    Select Any as the Tax Head from the List of Tax Heads.

6.    Set the Rounding method, as required.

The Ledger Creation screen appears as shown below:

7.    Press Enter to save.

See Also

Creating Service Tax Ledger

Creating Education Cess Ledger

Creating Secondary Education Cess Ledger

Creating Krishi Kalyan Cess Ledger

Creating Swachh Bharat Cess Ledger