Summary of Transactions (Service Tax)

Reason

The ledgers selected in the transactions do not have a specific service category tagged to them.

Solution

Setting a service category for the ledgers will resolve this exception.

To set service category

1.     Press spacebar and select a ledger/ group.

2.     Click S: Set Category.

3.     Enter the service category name, applicability date, and rate details in the Service Category Details screen.

4.     Press Enter to save.

The exception is now resolved.

Reason

The service tax rates are not defined in the service category.

Solution

Defining service tax rates will solve this exception.

To define tax rates

1.     Press Enter on Unable to determine tax rates.

2.     Enter the date from which the defined tax is applicable from.

3.     Enter the Service Tax, Education Cess, Secondary and Higher Education Cess, and Swachh Bharat Cess.

4.     Press Enter.

The exception is now resolved.

Reason

The type of tax is not defined for the duty ledgers selected in the transactions.

Solution

Setting a type of tax for the ledgers will resolve this exception.

To set service category

1.     Press spacebar and select a ledger/group.

2.     Click S: Set Duty Type.

3.     Select Service Tax from the Types of Duty/Tax.

4.     Select the required Tax Head.

5.     Press Enter to save.

The exception is now resolved.

Reason

There is no service category applicable for the advanced receipt/payment transaction. The ledgers selected in the transactions don't have a specific service category tagged to them.

Solution

Setting a service category for the ledgers will resolve this exception.

To set service category

1.     Press Enter on the transaction to drill down to the Accounting Voucher Alteration screen.

2.     Press Enter from the duty ledger.

3.     Select the Service category from the List of Service Categories or create a service category using Alt + C.

4.     Press Ctrl + A to save the transaction.

The exception is now resolved.

Reason

When any of the service tax details like Type of duty, service category, and rate of tax are altered in the transaction and these details are different in the masters used, then this exception occurs.

Solution

To solve this exception

1.     Press Enter in the required mismatch exception.

2.     Press Spacebar to select the transaction.

3.     Press Enter to save.

The exception is now resolved.

Reason

The Notification number and Notification Sl. No. are not set for the party selected in the transaction which is exempt from service tax.

Solution

Setting the notification no. and notification sl. no. for the party will resolve this exception.

To set the details

1.     Press Spacebar to select the required transaction.

2.     Click S: Set Notification No.

3.     Enter the Notification No. and the Notification Sl. No. in the Set Notification Details screen.

4.     Press Enter to save.

The exception is now resolved.

Reason

The Notification number and Notification Sl. No. for Abetment rate are not set for the service category selected in the transaction.

Solution

Setting the notification no. and notification sl. no. will resolve this exception.

To set the details

1.     Press Spacebar to select the required transaction.

2.     Click S: Set Notification No.

3.     Enter the Notification No. and the Notification Sl. No. in the Set Notification Details screen.

4.     Press Enter to save.

The exception is now resolved.

Reason

If a receipt, payment, credit note, or debit note is not linked with a corresponding sales or purchase invoice, this exception will occur.

Solution

Linking the transaction with the corresponding sales or purchase invoices will resolve this exception.

To link the transactions

●      Press Enter from the transaction. The related transactions will be displayed.

●      Click F3: Auto Fill to automatically link the transactions with the appropriate amounts.

Or

●      Press Spacebar to select the required transaction from the list of transactions.

●      Click F4: Full to allocate the full amount to that transaction.

Or

●      Press Spacebar to select the required transaction from the list of transactions.

●      Click F5: Partial to allocate the part of the amount to that transaction. Repeat the steps to allocate the remaining amount to link to required transactions.

This exception is now resolved.

Reason

When the tax rate in the recorded transaction does not match the tax rate calculated using the amount and tax rate, this exception will occur.

Solution

To resolve this exception, you can accept the transaction as is, create an adjustment for the difference amount, or link to another transaction.

To accept as is

●      Press Spacebar to select the transaction.

●      Click A: Accept as is.

To create an adjustment

1.     Press Spacebar to select the transaction.

2.     Click S: Create Adjustment. A journal voucher will be prefilled with the related ledgers and difference amount.

3.     Accept the voucher as is or make relevant changes and accept it.

To link to an existing voucher

1.     Press Spacebar to select the transaction.

2.     Click L: Link Adjustment to link it to a related transaction which has been recorded to account for mismatch in tax amount. The list of related transactions appears.

3.     Press Enter on the required transaction to link the voucher and adjust the difference amount.

The exception is now resolved.

Reason

When the nature of adjustment is not selected in the journal voucher this exception will occur.

Solution

Set the nature of adjustment for the journal voucher to resolve this exception.

To set the nature of adjustment

1.     Press Spacebar to select the transaction.

2.     Click S: Set Nature of Adj.

3.     Select the required Nature of Adjustment from Service Tax Adjustments.

The exception is now resolved.

Reason

When the challan details are not set for the transaction, this exception will occur.

Solution

Set the challan details for the transaction to resolve this exception.

To set Challan Details

1.     Press Spacebar to select the transaction.

2.     Click S: Set Challan Dtls.

3.     Set the Document Number and Document Date in the Set Challan Details screen.

The exception is now resolved.

Reason

When the type of adjustment flag selected of the journal voucher does not match with the ledgers used for nature of transaction like exempt, export or import, then this exception will occur.

Solution

Alter the journal voucher to resolve this exception.

To alter the journal voucher

1.     Press Enter on the required transaction to drill down to the Accounting Voucher Alteration screen.

2.     Make the required changed in the journal voucher.

3.     Accept the voucher.

This exception is now resolved.

Reason

When the tax rates are not defined in the service category master and the tax amount is entered manually during the transaction, this exception occurs.

Solution

Enter the tax breakup in the transaction to resolve this exception.

To enter the tax breakup in the transaction

1.     Press Enter on the required transaction to drill down to the Accounting Voucher Alteration screen.

2.     Press Enter from the tax amount.

3.     Enter the tax breakup of Service Tax, Education Cess, Secondary and Higher Education Cess and Swachh Bharat Cess in the Tax Payment Details screen.

4.     Accept the transaction.

This exception is now resolved.