Following is the list of Service tax in Tally.ERP 9 in Hindi Videos. Hope, it will be helpful for your learning tally and service tax.
1. How to Adjust Input Service Tax in Tally.ERP 9
This is very important adjustment of service tax. As per Law, if we import any service and we exported same service or we exported the goods in which we used the imported service, at that time, our paid service tax will be refunded by Govt. Before refunding by govt., we have to show this input service tax as current asset because we have to receive from govt. So, we have to treat it in our tally.erp 9. For recording it and adjusting it, today morning, I have researched and made this tutorial in simple hindi. Hope, you must like this video. This is Tally.ERP 9 part 75 Please Subscribe to Svtuition's YouTube Channel - bit.ly/HNBFbV
2. Interest on Service Tax
To calculate and treat service tax in tally is very simple. You just activate service tax in statutory feature and then create ledger accounts of your income, service tax and interest on service tax. But you should remember that interest on service tax is just like penalty, so this is the loss of your business. You have to keep it under indirect expenses. After this, you have to pass entry of your earning and service tax in your receipt voucher. If you do not deposit service tax within the 5th day of the month following the month or quarter, you have to pay interest on service tax which is 13% on service tax (Updated now it is 18% on service tax if value of taxable service is more than Rs. 60 Lakhs and if less than Rs. 60 Lakh, you have to pay 15% interest on service tax as per Central Excise the notification no. No. 6/2011). It is simple interest.
1. How to Adjust Input Service Tax in Tally.ERP 9
This is very important adjustment of service tax. As per Law, if we import any service and we exported same service or we exported the goods in which we used the imported service, at that time, our paid service tax will be refunded by Govt. Before refunding by govt., we have to show this input service tax as current asset because we have to receive from govt. So, we have to treat it in our tally.erp 9. For recording it and adjusting it, today morning, I have researched and made this tutorial in simple hindi. Hope, you must like this video. This is Tally.ERP 9 part 75 Please Subscribe to Svtuition's YouTube Channel - bit.ly/HNBFbV
2. Interest on Service Tax
To calculate and treat service tax in tally is very simple. You just activate service tax in statutory feature and then create ledger accounts of your income, service tax and interest on service tax. But you should remember that interest on service tax is just like penalty, so this is the loss of your business. You have to keep it under indirect expenses. After this, you have to pass entry of your earning and service tax in your receipt voucher. If you do not deposit service tax within the 5th day of the month following the month or quarter, you have to pay interest on service tax which is 13% on service tax (Updated now it is 18% on service tax if value of taxable service is more than Rs. 60 Lakhs and if less than Rs. 60 Lakh, you have to pay 15% interest on service tax as per Central Excise the notification no. No. 6/2011). It is simple interest.
