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How to change service tax rate in Tally 9?
I want to post sales as "inclusive" of service tax. It works fine and internally calculates the included service tax. But the tax is being calculated at 12.24%. I want to make it 12.36 %. How to do this ? (I am using Tally 9 Release 1)
5 Answers
- 1 decade agoFavorite Answer
Service tax comes under the Group "Duties & Taxes".
To change the rate, click on Accounting Information , then click on Ledgers , select Alter ledger, open Service tax a/c . Inforamtion is displayed regarding tax . Then change rate of tax as to 12.36% on sales . Enter the same . If it is accepted , next time you enter invoices , it would take at 12.36% only.
- 1 decade ago
Check the statutory compliance section on the website where the entire tally 9 help is available on changing and configuring service Tax in Tally 9.
A comprehensives blog on tally9 with detailed tally tips , Tally 9 Help, tally Advise and help is available at http://www.tally9.info/
- 5 years ago
Rate for service tax is 12.36% on service portion of your bill and VAT as applicable in your state. VAT is different statewise.
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