Enter Opening Balance of Service Tax in the Company Enabled for Manufacturer Excise
You can enter the opening balance of service tax in a company enabled with excise for manufacturers, and capture it in Form ER 1 report.
To enter the opening balance of service tax
- Gateway of Tally > Create > type or select CENVAT Opening Balance.
Alternatively, press Alt+G (Go To) >type or select Create Master > type or select CENVAT Opening Balance.
- Select CENVAT credit of as Inputs, Capital Goods, or Both as required.
- Select the service tax ledger and enter the amount. The journal voucher appears as shown below:
- Press Enter to save.
To print the Form ER 1
- Gateway of Tally > Display More Reports > Statutory Reports > Central Excise Reports > Manufacturer > Form ER 1.
Alternatively, press Alt+G (Go To) > type or select Form ER 1.
- Press Alt+B (Save) and press Enter to save the Form ER 1.
- Select Enter on Form ER 1.
- Press Ctrl+P to view the Print Report screen.
- Press Enter to print.
This transaction appears in Form ER 1 as shown below: