Type search words and press enter
TallyPrime Release 6.0 Beta is now live! Click here to learn more & get early access to the Power Banking experience! You also get smoother Data Split with robust verification. Easily manage contact details with the new Profile.
https://help.tallysolutions.com/docs/te9rel61/Tax_India/Service_tax/ST_Penalty_on_KKC.htm

Recording Payment of Penalty on Krishi Kalyan Cess

You can record the payment of penalty on Krishi Kalyan Cess using the Stat Payment button in payment invoice and selecting the payment type as Penalty on KKC.

To record payment of penalty 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 Penalty 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 penalty on krishi kalyan cess under Particulars.

5.    Enter the Amount.

6.    Enter the Bank Allocation details, as applicable.

 

7.    Press Enter to save.