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Service Tax Reverse Charge Entry

Reverse Charge is paid by service receiver instead of service provider. With effect from 01-07-2012, some more service categories have been included under Reverse Charge. Under this approach, for the payment of service tax, service receiver cannot claim the general…
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How to Modify Tax Details in Service Tax Transactions

To modify tax details in transactions 1.     Click F12: Configure in the voucher. 2.     Set the option Allow modification of tax details for service tax? to Yes. 3.     Press Ctrl+A to save changes and return to voucher. 4.     Select the required sales ledger. The…
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On 30-06-2016, AtoZ Company paid ₹ 2,800 as service tax, ₹ 100 as Swachh Bharat cess, and ₹ 100 as Krishi Kalyan cess to the department from their State Bank of India account. To record the regular service tax payment…
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To record payment of Swachh Bharat Cess 1.     Go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Form ST 3. Note: The payment entry can be initiated from: ■    Accounting Vouchers menu option by clicking F5: Payment. ■    Form ST-3…
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How to make payment of Arrears of Service Tax in Tally ERP 9

ABC Company had to pay arrears of ₹ 3,360 towards service tax and ₹ 120 each towards Swachh Bharat cess and krishi kalyan cess. To record arrears payment of Service Tax 1.     Go to Gateway of Tally > Accounting Vouchers >…
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How to make Advance Payment of Service Tax

As per Rule 6 sub-rule (1A), all the taxable persons can pay service tax in advance. Service tax paid in advance is allowed to be self-adjusted towards service tax liable to be paid for the subsequent period. On 30-06-2016, D-Day…
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Payment of Service Tax Which is Recipient’s Liability

Generally, the service provider will be liable to collect and pay the service tax to the department. However, in certain circumstances, the service receiver will become liable to pay the service tax (full or partial) to the department. On 30-06-2016…
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How to make Payment of Penalty on Swachh Bharat Cess in Tally ERP 9

To record payment of penalty on Swachh Bharat Cess 1.     Go to Gateway of Tally > Accounting Vouchers > F5: Payment. 2.     Click S: Stat Payment and provide the required details. o      Select Service Tax as the Tax Type. o      Enter the period in…
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How to make payment of Interest Payable Towards Service Tax in Tally ERP 9

ABC Company had to pay ₹ 800 towards service tax interest. To record interest payment towards Service Tax 1.     Go to Gateway of Tally > Accounting Vouchers > F5: Payment. 2.     Click S: Stat Payment and provide the required details. o      Select Service Tax…
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