FAQ-8 ( TDS ):

How to Calculate Service Tax on total Transaction Amount including TDS in Tally.ERP 9?

How to Calculate Service Tax on total transaction amount including TDS ?

For the accurate calculation of Service Tax and TDS follow the given steps

1. Book the Expenses and Service Tax through Purchase Voucher as shown

2. Deduct TDS in a separate Journal Voucher using of Alt + S: TDS Deduction 

3. Make the Payment to party

4. Check the Service-Tax Input credit Form -report displays the realised value & total credit as shown below

Step1. Book the Expenses and Service Tax through Purchase Voucher as shown

Select the Expenses ledger and allocate the entire amount to the applicable TDS Nature of Payment

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Select the Input Service Tax Ledger and in the Service Tax Bill-wise details screen select the default bill details

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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In the Expense Allocation screen select the applicable TDS Nature of Payment

Note: TDS Nature of Payment for the Input Service Tax Ledger as Even on the service Tax amount TDS needs to deducted.

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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In the TDS Details screen select the details as shown

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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In the Bill-wise Details screen enter the bill references as shown

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Save the purchase voucher

Adjust the Bill Number - 1 and save the voucher

 

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Step 2. Deduct TDS in a separate Journal Voucher using of Alt + S: TDS Deduction option as shown

 

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Step 3. Make the Payment to party

 

Select Mrs. Rao and in the Bill-wise Details screen select the bill reference as shown

 

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Save the Payment Voucher

 

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

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Step 4. Check the Service-Tax Input credit Form -report displays the realised value & total credit as shown below

 

Service Tax on total Transaction Amount including TDS in Tally.ERP 9

   [13-39]

 
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