Sir,
How to made Tally ERP-9 Voucher Entry for Swachh bharat cess 0.5%..?
Regards,
M.Shanmugasundaram
Sir,
How to made Tally ERP-9 Voucher Entry for Swachh bharat cess 0.5%..?
Regards,
M.Shanmugasundaram
Sir, Journal entry for the Swachh bharat cess shall be made seprately because credit of cess is not allowed and further it is cleary by CBEC that is should be mention separately on invoice and accounting will be done separately.
As per the FAQ issued by the CBEC follwing are the wording used :-
SBC would be levied, charged, collected and paid to Government independent of service tax. This needs to be charged separately on the invoice, accounted for separately in the books of account and paid separately under separate accounting code which would be notified shortly. SBC may be charged separately after service tax as a different line item in invoice. It can be accounted and treated similarly to Education cesses.
SIR,
ENTRY OF SBC WILL BE ENTERED IN TALLY
FREIGHT INWARD AMT. DR 12350
SBC PAID DR 18.53
SERVICE TAX PAID DR 518.7
SBC PAYABLE CR 18.53
SERVICE TAX PAYABLE CR 518.7
VANDOR A/C CR 12350
the vendor value shoulbe tallied with tax invoice
Dear Sir,
New Tally.ERP9 release 5.1.3 launched, and it has S B Cess Features. please try, you can download setup from "https://www.tallysoftwares.in/download.H T M L"
Regards
Patel Software
Tally Authorised Partner & Developer
Lol means : laugh out of lips
where to open the SBC account?
whether Direct Exp or Duties & Taxes in Tally
Since input credit not available for Swaach bharat cess paid on inputs , can I expense like following in the entry itself ( meaning not showin the SBC separately)
Input services ( expenses ) A/c Dr (including the SBC amount)
Service tax input @ 14% Dr
Krishi Kalyan cess input @ 0.5% Dr
To party account Cr
Can I directly expenses the SBC paid as above?
Also should we need to show in any of the place of ST-3 (service tax return) the SBC paid on the above example ?
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