In Tally.ERP 9, from Release 3.0 Service Tax payments can be recorded using S: Stat Payment feature. Using this feature you can auto fill the Service Tax details or manually select the Service Tax bills.
Example: On 4-8-2012 ABC Company paid following tax for the month of July, 2012 to Government through Cheque (Cheque No. 045889)
Service Tax Rs.1,84,839
Education Cess Rs.3706
Secondary Education Cess Rs.1853
Go to Gateway of Tally > Accounting Vouchers > F5: Payment
In F12: Configure (Payment Configuration)
Ensure Use Single Entry mode for Pymt/Rcpt/Contra is set to Yes
Note: S: Stat Payment button will be displayed in Payment Voucher only in Single Entry Mode.
Enter the Date as 4-8-2012
Press Alt + S or click on S: Stat Payment to view Statutory Payment screen
In Statutory Payment screen
Type of Duty/Tax: In this field select the Tax/Duty Type towards which tax payment entry is being recorded. Here we are recording Service Tax payment entry, hence select Service Tax from Types of Duty/Tax list
Note: The Types of Duty/Tax will be displayed based on the statutory features enabled in F11: Features for the company.
Auto Fill Statutory Payment: Set this option to Yes to auto-calculate and fill the duty payable to the Government. Set this option to No, if the user wants to manually select the Duty Ledger and Duty bills. ABC Company wants to auto fill duty details in Payment Voucher, hence the option Auto Fill Statutory Payments is set to Yes
On setting the option Auto Fill Statutory Payments to Yes, based on the Duty/Tax Type selected Tally.ERP 9 displays the appropriate Statutory Payment fields to fill the details
Till Date: In this field you may enter, till date of the period for which the Service Tax values should be computed and auto-filled
Service Category: In this field Tally.ERP 9 displays only those Service Categories towards which Service Tax is payable to the Government. Select a specific Service Category to pay the tax towards the selected Category or you can select All Items to pay the Service Tax liability towards all the categories for the period specified.
Here All Items is selected to make Service Tax payment to Government:
Cash/ Bank: Depending on the mode of payment (Cash or Cheque) Cash or Bank Ledger will be selected. Select Canara Bank from the List of Ledger Accounts. Cash/Bank ledgers can also be created from this field by pressing Alt+C.
Press Enter to Accept the Service Tax Helper
The Bank Name through which the payment is made and Service Tax payable amount will be Auto Filled.
Set the option Provide Details to Yes to enter Service Tax Payment Details
In Payment Details screen
From: In this field enter the From date of the period for which the tax is paid
To: In this field enter the To date of the period for which the tax is paid
Cheque/DD No: In this field user can enter either the cheque or the DD No through which the Service Tax payment is made. In this transaction payment is made through cheque no. as 045889
Name of the Bank: In this field mention the Name of the Bank through which the tax amount is paid to the Government. Select Canara Bank from the List of Banks
In this field Tally.ERP 9 displays the List of Banks which lists all the banks which are already created to carry out the regular business, option (New Name) to create new Bank and the option Not applicable if the payment is made by Cash.
Note: The option New Name will be selected when the authorised bank through which the payment is made is different from the regular bank where the deposit account is maintained. The Bank name created here will not be available under the List of Ledgers.
Bank Account No.: Enter the bank account number in this field
Branch Name: Enter the name of the bank's branch in this field
Note:Bank Account Number and Branch Name details will be defaulted automatically, if the user selects the bank which is already created to carry out the regular business (with Bank Account Number and Branch Name) in the Name of Bank field. User can change such defaulted details.
Cheque Date: Enter the cheque date in this field
Challan No.: In this field enter the Service Tax payment Challan Number
If the Service Tax payment Challan details are not available at the time of recording the Service Tax payment entry, such details can be updated by altering the Payment Voucher
Challan Date: Enter the challan date in this field
In Bank Allocations screen
Payment Favouring Name: In this field specify the name of the person (individual/institution) favouring whom the cheque is issued. Specify applicable commissionerate Name to whom the payment to be made. Eg. Bengaluru - I Commissionerate
Transaction Type: In this field select the appropriate Transaction Type depending on the nature of payment . In this case ABC company is making payment in Cheque
Amount: In this field the total amount paid will be displayed automatically
Instrument No.: In this field specify the instrument number through which payment is made. Specify Cheque Number if payment is made by cheque. Specify Transaction ID if payment is made through Inter Bank Transfer/Same Bank Transfer
If the Instrument No. i.e. Cheque number is defined in Payment Details screen, the same will be captured automatically and displayed
Instrument Date: In this field specify the date specified in the instrument. Specify Cheque Date if payment is made by cheque. specify Transaction Date if payment is made through Inter Bank Transfer/Same Bank Transfer
Cross Instrument Using: By default A/C Payee will be displayed
The completed Payment Voucher is displayed as shown:
Note: In Tally.ERP 9 Service Tax Payment transaction can also be recorded without using S: Stat Payment Feature.
To print G.A.R.-7 Challan
Press PageUp from the Accounting Voucher Creation screen, to view the earlier entered transaction.
Click on P:Print button or press Alt+P to view Voucher Printing screen.
Press Backspace and enable the option Print G.A.R.-7 Challan to Yes
Note: Ensure the Alt+I: Print Preview option is selected to view the print preview of G.A.R.-7 Challan
Click on Zoom from Accounting Voucher Display screen to view the print preview of GAR-7 Challan
The print preview of G.A.R - 7 Challan is displayed as shown:
