Tally entry

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shivakumar (Querist)

15 March 2014 i am account executive of insurance broking company we recruiting some employees on payroll of consulting. they give the invoice like this
consulting charges 1000.00
service tax 25% on 12.36 30.90
total is 1030.90

But we have to pay 75% on 12.36.

so my doubt is how much we have to pay, what amount we have deduct tds, how much we to pay through cheque, how much st we have to pay to department, how much we can get cenvat credit,how to enter in tally...

please help me in these, i donot know how enter in tallay.erp9..........

Nikhil Kaushik

Nikhil Kaushik (Expert)

15 March 2014 you need to pay 1000*12.36%*0.75 as service tax.

TDS is to be deducted on Rs 1000.

rest you should be able to figure out.

shivakumar

shivakumar (Querist)

22 March 2014 Sir,

Please Explain sir clearly, how to take These values in tally, which amount we have to take debit and which amount we have to take credit.

if the company have the cenvat credit how to take these values in tally?

if the company do not have cenvat credit how to take these values in tally?

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