Configure Service Tax Masters
You can configure service tax masters in TallyPrime in a matter of minutes.
The application migrates all the service categories that are used in the previous version and also it retains all the tax detail configurations that are configured in the service ledger and party ledger, thereby the user can directly start recording the transactions.
Note: If applicable, reverse charge has to be activated.
To set reverse charge
- Press F11 (Features) > set Enable Service Tax to Yes.
- Set Is Reverse Charge Applicable to Yes.
- Press Ctrl+A to save.