How to Configure Service Tax 14% with Swach Bharat Cess @ 5% in Tally.ERP9 release 5 and above?
On Gateway of Tally: Press F11: Statutory & Taxation:
Enable Service Tax: Yes
Set Alter Service Tax Details: Yes
Enter Your Service Tax Registration No., Select type of organization, set alter service tax details to yes (Enter Services Rendered – Service Tax 14% and Education Cess @ .5%), Define Service tax category – Yes, If reverse charge is applicable then select yes otherwise No.
Now create ledger (you can create your own services ledger) Services Rendered under Sales Account. Set Inventory to Yes.
Create Service Tax Ledger under duties and taxes – Type of Tax – Service Tax
Create Education Cess (or Bharat Swach Cess) Ledger under duties and taxes – Type of Tax – Education Cess.
Now Create a Sales voucher. See Below video for full tutorial.