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How to Adjust Input Service Tax in Tally.ERP 9 Video Lecture | Tally ERP 9: Complete Training - Software Development

FAQs on How to Adjust Input Service Tax in Tally.ERP 9 Video Lecture - Tally ERP 9: Complete Training - Software Development

1. How do I adjust input service tax in Tally.ERP 9?
Ans. To adjust input service tax in Tally.ERP 9, follow these steps: 1. Go to Gateway of Tally. 2. Click on Accounting Vouchers. 3. Select the required voucher type, such as Payment or Journal. 4. Enter the necessary details like the party's name, amount, and other relevant information. 5. In the ledger allocation screen, select the input service tax ledger. 6. Enter the amount of input service tax to be adjusted. 7. Save the voucher.
2. Can I adjust input service tax against output service tax in Tally.ERP 9?
Ans. Yes, you can adjust input service tax against output service tax in Tally.ERP 9. To do this, follow these steps: 1. Go to Gateway of Tally. 2. Click on Accounting Vouchers. 3. Select the required voucher type, such as Payment or Journal. 4. Enter the necessary details like the party's name, amount, and other relevant information. 5. In the ledger allocation screen, select the output service tax ledger. 6. Enter the amount of output service tax to be adjusted. 7. Save the voucher.
3. What happens if I over-adjust the input service tax in Tally.ERP 9?
Ans. If you over-adjust the input service tax in Tally.ERP 9, it will result in an incorrect calculation of your tax liabilities. This can lead to discrepancies in your financial statements and may cause issues during tax audits. Therefore, it is important to ensure that you adjust the input service tax accurately and double-check your calculations before saving the voucher.
4. How can I view the adjustment details of input service tax in Tally.ERP 9?
Ans. To view the adjustment details of input service tax in Tally.ERP 9, follow these steps: 1. Go to Gateway of Tally. 2. Click on Display. 3. Select Statutory Reports. 4. Choose GST. 5. Select GSTR-3B. 6. Enter the relevant period and other required details. 7. The report will display the adjustment details, including the input service tax adjustments.
5. Can I make adjustments to input service tax in Tally.ERP 9 after filing GST returns?
Ans. No, you cannot make adjustments to input service tax in Tally.ERP 9 after filing GST returns. Once you have filed your returns, any adjustments or changes should be made in the subsequent return filing periods. It is important to accurately adjust the input service tax before filing your returns to ensure compliance with GST regulations.
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