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How to account Swachh Bharat cess in a transaction with tax abatement in Tally ERP9?

The abatement percentage can be set  on the sales or purchase amount at the service category, ledger or group level.  How to Defining abatement? Define abatement of sales amount in the service category level   Go to Gateway of Tally > Accounts…

Last Updated: June 30, 2016 by Saju 0

Accounting for Swachh Bharat cess when recording a reverse charge transaction in Tally. ERP9

To Enter a reverse charge voucher in Tally.ERP9 You have to ,set the following options in F11 Features. Go to Gateway of Tally> F11: Features > F3: Statutory & Compliance, Enable service tax : Yes Set/Alter service tax : Yes Press Enter,…

Last Updated: April 27, 2016 by Saju 0

How can I account for Swachh Bharat cess when recording the sale of pure agent services in Tally.ERP9 ?

What is Pure Agent ? As per Rule 5 of Determination of Value for Service Tax Rules, 2006, ‘pure agent’ means the person who procures services on behalf of his client, while providing his own taxable service. In other words,…

Last Updated: April 27, 2016 by Saju 0

How to record a payment transaction for Swachh Bharat Cess in Tally.ERP9?

How to enter payment transaction of swachh bharath cess, To do this follow as instructed below. Go to Gateway of Tally > Accounting Vouchers > F5: Payment. On the right button panel there is button  S: Stat Payment Click on it…

Last Updated: April 27, 2016 by Saju 0

How to define Swachh Bharat Cess in sales/purchase ledgers of Tally.ERP9?

  To set Swachh Bharat Cess in sales/purchase ledgers either have to edit existing sales/purchase ledger or  have to create a new one.   Gateway of Tally> Accounts Info> Ledger >Create/Alter Do as following in the sales/purchase ledger for service tax: Is…

Last Updated: April 27, 2016 by Saju 0

How to create ( Define)Swachh Bharat Cess ledger (SBC) in Tally ERP9?

To define or create the Swachh Bharat cess in transactions, you can either: Modify existing SBC ledger created under Tax/duty type selected as Others. OR Create SBCledger under Tax/duty type selected as Swachh Bharat Cess. To modify Swacch Bharat cess…

Last Updated: April 27, 2016 by Saju 0

What is Swachh Bharat Cess & How to implement in Tally.ERP9

Swachh Bharat Cess is levied and collected on all taxable services at the rate of 0.5%, with effect from November 15, 2015. The service tax rate including the Swachh Bharat Cess is 14.5%. Points to note: Swachh Bharat cess is…

Last Updated: April 26, 2016 by Saju 0