Vipul Gosalia (5 Points)
11 April 2017Dear all,
Is there any way to enter service tax amount directly by calculating 15% of entered professional fees above.
e.g., when I enter Receipt for
consulting engg. service of Rs. 1000
In next step when I select "Service Tax", it should be writted direclty as Rs. 150 against it...
I think there should be a way to do it. But I am not able to figure it out in tally.
Please guide me....
Vipul Gosalia
(5 Points)
Replied 11 April 2017
Here I have to add Service tax amount of Rs. 150/-. That I don't want to do.
Once I enter Planning work amount of Rs. 1000
and then on selecting "service tax", the amount of Rs. 150/- should be written down automatically
That is all I want
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 18 December 2017
It's always better to open a liability a/c viz., service tax payable and a/c service tax related items can be given shelter under the head. The reason is at one point of time we can know how much Service Tax paid Vs collected
CAclubindia
