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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

  1. 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.
  2. Select CENVAT credit of as Inputs, Capital Goods, or Both as required.
  3. Select the service tax ledger and enter the amount. The journal voucher appears as shown below:
  4. Press Enter to save.

To print the Form ER 1

  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.
  2. Press Alt+B (Save) and press Enter to save the Form ER 1.
  3. Select Enter on Form ER 1.
  4. Press Ctrl+P to view the Print Report screen.
  5. Press Enter to print.
    This transaction appears in Form ER 1 as shown below:
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