Dear Friends
I have the following query relating to service tax in Tally
Suppose ABC Pvt. Ltd. made a sale of taxable services worth Rs. 100000 to Mr. A.
Now we know that we pass the entry in the sales voucher in Tally in Accounting Invoice Mode and charge service tax and cesses.
But if you go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Service Tax Payables > Bill Date Wise
You will find there that in the Realised Amount Column, Tally is showing Rs. 112360 !!!
How come tally is showing Rs. 112360 in Realised Amount Column?
Realised amount means the amount which the service provider has received from service receiver, but in this case we have thus far passed only the sales entry and the receipt entry is yet to be passed.
Please advise soon.
regards
shivani
CAclubindia
