SERVICE TAX

SERVICE TAX PRACTICAL-1

A COURIER COMPANY HAS GIVEN A BILL 15000 TO OUR COMPANY FOR THEIR SERVICE FOR CURRENT MONTH. PURCHASE THEIR SERVICE AND PAY THE AMOUNT WITH SERVICE TAX.

1. CREATE A COMPANY WITH GST AS "YN" CESCO.

2. CREATE CGST(LOCAL) AND SGST(LOCAL).

3. CREATE COURIER CHARGES LEDGER(PURCHASE TAXABLE - 18%)

4. CREATE SKY COURIER PVT. LTD. AS SUPPLIER.

5. PURCHSE SERVICES FROM SKY COURIER.

6. MAKE PAYMENT TO SKY COURIER.

7. GENERATE GST-2 REPORT.

SERVICE TAX PRACTICAL-02

AS AN ADVERTISING COMPANY, WE HAVE DEVELOPED AN ADVERTISE FOR OUR CLIENT WITH AN ESTIMATED COST. SALE THE SERVICE TO CLIENT AND RECEIVE THE AMOUNT.

1. CREATE A COMPANY WITH GST AS "YN" ADV AGENCY.

2. CREATE CUSTOMER LEDGER SKYLAB PVT LTD.

3. CREATE ADVERTISE INCOME LEDGER.

4. SALE SERVICES TO CUSTOMER.

5. RECEIVE PAYMENT FROM CUSTOMER.

6. GENERATE GST-01 REPORT.