Service Example Sum - 3 in Tally Prime Tamil

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. ... This tax is not applicable in the state of Jammu & Kashmir.

GSTR 1 is a monthly return of outward supplies. Essentially, it is a return showing all the sales transactions of a business.
GGSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies.
GST-3b is a monthly self-declaration to be filed by a registered GST dealer along with GSTR1 and GSTR2 return. it is a simplified return to declare summary liabilities for a tax period.

Create Company

To get started with Tally Prime, you need to first create your company to keep a record of all your day-to-day business transactions. To create the company, you need the company name and financial year information. You can enter all other details such as contact information, security, while creating the company or any time later.

How to create a company in Tally Prime

In tally, after login double click on the create company option under company information.
Go to Top Menu -> Company -> Create -> Enter

Ledger in Tally Prime

Ledgers in Tally Prime The ledgers in Tally Prime or in the Books of Accounts affect assets, liabilities, income or expenses. Tally Prime can generate a Profit & Loss A/c and Balance Sheet immediately after a transaction has been entered. It can also generate a range of comprehensive financial statements and reports.

Create a single ledger

Press Alt+G (Go To) -> Create Master -> type or select Ledger and press Enter.
Alternatively, Gateway of Tally -> Create -> type or select Ledger and press Enter.

Enter the Name of the ledger account.
Duplicate names are not allowed.

Enter the alias of the ledger account, if required.
You can access the ledgers using the original name or the alias name

Select a group category from the List of Groups.

Enter the Opening Balance.
The opening balance is applicable when the ledger is an asset or a liability, and also if it has a balance in the account as on the books beginning date.

Press Ctrl + A to save, as always

Voucher in Tally Prime

There are 24 pre-defined voucher types in Tally Prime for accounting, inventory, payroll and orders. You can create more voucher types under these pre-defined voucher types as per your business needs.
For example, for cash payments and bank payments, the predefined voucher type is Payment Voucher. You can also have two or more sales voucher types in Tally Prime for different kinds of sales transactions. For example, credit sales, cash sales, and so on.

INTRA STATE (Within The State)

Apr 01 Providing Postage Services to Raghu Industries Chennai, Tamil Nadu worth Rs.200000. Additionally GST 12% is charged on the invoice with reference number GS 005.

Sales Voucher in Tally Prime

Whenever you sell a product or service, you record sales entries. In tally, the sales are recorded through the sales voucher. It is one of the most widely used accounting vouchers in tally. There are two modes for accounting in sales vouchers- Invoice mode and Voucher mode.

How to Use Sales Voucher in Tally Prime

Gateway of Tally -> Voucher -> Sales Voucher(F8) or F10: Other Voucher ->Sales Voucher

Enter the Customer Invoice No. and Date.
Create ->Secondary ledger press Alt +C

Create ->Secondary ledger service press Alt +C

Enter ->Ledger create Name
Enter -> create Under Indirect Income
GST Applicable: Applicable
Set Alter GST DetailsYes
The GST Details for Service window opens.
This Under Taxability, select Taxable.
This Under Integrated Tax, enter the GST Rate of the Stock Items.
Enter Cess, if applicable.
After providing all the details, The GST Details of Stock Item screen appears as shown below.

As always, press Ctrl+A to save.
Type of Supply:Service.

Accept the screen. As always, press Ctrl+A to Save.

Create ->Secondary Ledger for TAX press Alt +C

State Tax

Central Tax

Accept the screen. As always, press Ctrl+A to Save.

INTER STATE (Outside The State)

Apr 10 Providing Electricity Service to BGM Pvt ltd Bangalore, Karnataka worth Rs.250000. Additionally GST 18% is Charged on the Invoice with reference number BH836.

Apr 29 Providing Consultancy Services to RBS Pvt Ltd Cochin, Kerala worth Rs.175000. Additionally GST 18% charged on the invoice with reference number AS987.

How to Use Sales Voucher in Tally Prime

Gateway of Tally -> Voucher -> Sales Voucher(F8) or F10: Other Voucher ->Sales Voucher

Enter the Customer Invoice No. and Date.
Create ->Secondary ledger press Alt +C

Create ->Secondary ledger service press Alt +C

Enter ->Ledger create Name
Enter -> create Under Indirect Income
GST Applicable: Applicable
Set Alter GST DetailsYes
The GST Details for Service window opens.
This Under Taxability, select Taxable.
This Under Integrated Tax, enter the GST Rate of the Stock Items.
Enter Cess, if applicable.
After providing all the details, The GST Details of Stock Item screen appears as shown below.

As always, press Ctrl+A to save.
Type of Supply:Service.

Accept the screen. As always, press Ctrl+A to Save.

Create ->Secondary Ledger for TAX press Alt +C

Integrated Tax

Accept the screen. As always, press Ctrl+A to Save.