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 IncomeRead more
Learning Service tax is considered as easy than other taxation in India. In Tallygame.com. You can learn service tax in tally erp 9 with real time example. In our service tax tally example you will find basics that a fresher want to know.and its implementation in tally. You will find separate tutorials for the following categories of services also.
- Export of Services
- Pure Agent Services
- Sale of Service by Professionals
- Service tax with abatement.
- Configuration for input tax service distributor.
- Treatment of exempted Services
- Negative list of Services.
We will be updating this service tax section regularly so as to the readers will get latest taxation changes and better compliance.
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 aboveRead more
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 cessRead more
Today we will learn the service tax setup in Tally or service tax configuration in Tally.ERP 9 Release 5 and above versions.As the name suggests, it is a tax on the Services. It is a tax levied on the transaction of certain services specified by the Central Government under the Finance Act, 1994. There are about 119 taxable services comes under ambit.ST is applicable to all states except Jammu & Kashmir. Service Tax Setup For Tally ERP 9 Release 4.93 &Read more