Consider the following situation: ● The service provider charges service tax on the services provided, and ● It is not possible for the service receiver to ascertain the amount on which service tax is charged. In such a case, service receiver will account only the service tax paid amount as Input Credit, to adjust towards the service […]
Using Service Tax Adjustment Flags
Service tax adjustment flags are provided for various adjustment transactions involving service tax payable or service tax input credit, as required by the department. These help in capturing the value for each flag in respective fields of Form ST3. To use service tax adjustment flags 1. Go to Gateway of Tally > Accounting Vouchers > F7: […]
How to make Adjustment Towards Advance Service Tax Paid
To create journal voucher for adjustment of advance payment made towards Swachh Bharat Cess and Krishi Kalyan cess 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to enable required options in Stat Payment Details screen. In the Stat Adjustment Details screen, o Click F12: Configure and set the option […]
How to make Adjustment Towards ServiceTax Paid but Service not Rendered
To create journal voucher for adjustment of tax paid but service not rendered 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to enable required options in Stat Payment Details screen. In the Stat Adjustment Details screen, o Click F12: Configure and set the option Allow All Adjustment Types to […]
How make Adjustment Towards Excess Service Tax Paid
To create journal voucher for adjusting the excess amount of Swachh Bharat Cess and Krishi Kalyan cess paid 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to enable required options in Stat Payment Details screen. In the Stat Adjustment Details screen, o Click F12: Configure and set the option […]