How to: Calculate Service Tax Using Cash Payment Vouchers
You can calculate service tax on general ledger accounts. You can make direct payments by cash or check using cash payment vouchers and bank payment vouchers. For more information, see Cash Payment Voucher Window and Bank Payment Voucher Window.
The following procedure describes how to calculate service tax using a cash payment voucher.
To calculate service tax using a cash payment voucher
In the Search box, enter Cash Payment Voucher, and then choose the related link.
Fill in the fields as described in the following table.
Field Description Batch Name
The journal batch name for the cash payment voucher.
Document Type
Specify Payment to indicate that the document type is payment.
Service Tax Type
Specify Purchase to indicate that the service tax type is purchase.
Party Type
Specify Vendor to indicate that the party type is vendor.
Account Type
Specify G/L Account to indicate that the account type is general ledger account.
Account No.
The general ledger account number.
Amount
The total amount including the VAT.
After you enter the amount in this field, the same amount gets populated in the Debit Amount field.
Bal. Account Type
Specify G/L Account to indicate that the balancing account type is general ledger account.
Bal. Account No.
The general ledger balancing account number. Select the general ledger account to which the cash payment is made.
On the Actions tab, in the Posting group, choose Post.
Choose the OK button.
See Also
Tasks
How to: Calculate Service Tax Using General Journals
Reference
Cash Payment Voucher
Bank Payment Voucher