Type search words and press enter
TallyPrime Release 2.0 is available now!

Creating Service Sales Ledger (Service Tax)

You can create a ledger for accounting the services rendered, under Sales Accounts group.

To create the service sales ledger

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

2. Enter the ledger Name .

3. Select Sales Accounts as the group name in the field Under .

4. Set Inventory values are affected? to No .

5. Set the Rounding Method , if required.

6. Set the option Is Service Tax Applicable? to Applicable .

7. Set the option Set/alter service tax details? to Yes .

The Ledger Creation screen appears as shown below:

8. Press Enter to save.

See Also

Recording service code and sub-clause number

Recording abatement details

Creating Service Purchase Ledger

Creating Service Provider Ledger

Creating Service Receiver Ledger