Add declaration and terms & conditions in Tally ERP 9

Most of the invoices have terms and conditions or declaration printed on it. A declaration is a must for  for Tax invoice as per commercial tax department in most states. By default Tally ERP 9 has a declaration “We declare that this invoice shows the actual price of the goods described and that all particulars are true and correct” Instead of default we need the following example declaration and terms and conditions to be printed in our Invoice. DECLARATION  Certified that

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Service charges Invoice or bill creation & Format in Tally ERP 9

You might be a running a service business like a consultancy or advertising services,Beauty parlor or cargo handling business.All these businesses does not involves any trading of stock or goods. Here we are trading a service or our skill. In such case many beginner accountants are getting confused how to create a service invoice or service bills. the common questions they are asking are. Is there any specific format for service billing? Shall I create a service head under sales account or Income

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Service Tax in Tally.ERP9 release 4.93 & below with Krishi Kalyan cess & SBC

Today we will learn how to implement service tax with Krishi Kalyan Cess & Swachh bharat cess in Tally.ERP9 Realse 4.93 and below. After Tally.ERP9 Release 5 and above, The method used for service tax computation is totally changed and become more accurate and user friendly. However there are users still want to use service tax in older versions of Tally.ERP9  Like 4.93 , Release 4.92 & 4.91. Recommend read: Implementation of service tax in Tally ERP9 realease 5 and above

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Krishi Kalyan Cess In Tally ERP 9

As you all know, from 1st June 2016 onward a new cess is introduced on all taxable services by India Goverment. The rate of KKC -Krishi Kalyan cess is 0.5%  on assessable vale of taxable services.From Tally ERP 9 Release 5.3.8 you will find new option called Krishi Kalyan Cess under Duties and taxes. Lets have a detailed discussion on KKC in Tally ERP 9. Recommend Read: How to configure Service tax with Krishi Kalyan Cess & Swachh bharat cess

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How to record non creditable( input tax credit)VAT purchase in Tally.ERP9?

Usually a VAT dealer avail input tax credit on his purchases.But there are purchase transactions which may not want to take credit of VAT paid through purchase bills. In such case how to record such Purchases. This tutorial aiming for Tally ERP 9 Release 5 and above users Purchase 100 Ltr Kerosene @ 50 / Ltr from Step1 Activation of VAT in Tally ERP 9 F11 Features > Statutory & Taxation. Step2 Create a purchase ledger with ‘Non Creditable Purchase –

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TDS Tax deducted at source in Tally ERP9

What is TDS? TDS or Tax Deducted at Source, is a means of indirect tax collection by Indian authorities according to the Income Tax Act, 1961. TDS is managed by the Central Board of Direct taxes.In this guide lets learn how to set-up TDS in Tally ERP9. When and how to deduct TDS? Income and expenditure such as salary, lotteries, interests from banks, payment of commissions, rent payment, payments to freelancers, etc. fall under the ambit of TDS. When making

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TCS in Tally ERP9 (Tax collected at source) an implementation guide

What is TCS ? TCS is the short form of ‘Tax collected at source’.This is the tax collected by the seller from buyer on certain goods specified in  section 206 C of Income Tax Act. In TCS , the buyer will pay Tax and seller will collect and deposit the tax to the government. In this guide we will discuss  TCS in Tally ERP9. Transactions comes under TCS In TCS, a few number of type of transactions comes under the TCS

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