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Specify Rate as Inclusive of Service Tax

You can record sale of service rendered by specifying the amount that is inclusive of tax.

For example, on 18-06-2016, AtoZ Company rendered advertising services to Sathya Enterprises  worth ₹ 3,00,000, inclusive of service tax. Let us see how to record a sales transaction for this scenario.

  1. Gateway of Tally > Vouchers > press F8 (Sales).
    Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales).
  2. Click F12 (Configure). The Voucher Configuration
    screen appears.
    Set the option Allow entry of amount inclusive of tax for service ledger? to Yes.
    Press Ctrl+A to accept.
  3. Enter the reference number in the field Ref.
  4. Select the party ledger in the field Party’s A/c Name and enter the party details.
  5. Select the sales ledger under Particulars. The Inclusive of Service Tax screen appears as shown below:
    Inclusive of Service Tax in TallyPrime
  6. Enter the amount in the field Enter Amount.
  7. Select Duties & Taxes ledger. The service tax, swachh bhara cess and krishi kalyan cess values are calculated automatically using the details defined at the ledger level.
  8. To display the Tax Analysis screen.
    If you need to use this option only for the current invoice, press Ctrl+O (Related Reports) > type or select Service Tax – Tax Analysis > and press Enter

    Note: If you are on TallyPrime Release 1.1.3 or earlier, follow the step:
    If you need to use this option only for the current invoice, press Ctrl+I (More Details) > type or select Service Tax – Tax Analysis > and press Enter.

    Press Alt+F5 (Detailed) to view in detailed mode. Press Esc to return to sales invoice. The sales invoice appears as shown below:
    Accounting Voucher Creation for Service with Rate Inclusive of Tax in TallyPrime
  9. Press Enter to save.
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