Lesson 69 – How to configure Krishi Kalyan Cess in Tally.ERP9

W.E.F. 01st June 2016, a new category of Service Tax applicable i.e. Krishi Kalyan Cess @ .5% on total amount of services. Users of tally.erp9 wants to implement this category, so let we know how to implement Krishi Kalyan Cess in Tally.ERP9.

First, you have to update your tally like below image:

Above image shows that release 5.3.8 have krishi kalyan cess stat configuration, now, Select 2nd Option from Product and Press F6 for updation.

After updation, see version & update panel for your tally release, now it is Release 5.3.8.

Now Press F11 for Company features on Gateway of Tally. Select Statutory & taxation and Enable Service Tax to Yes like below image:

Now create ledger of Krishi Kalyan Cess. Go to Accounts Info-Ledger-Create.

Create ledger and accept to yes (There is no need to enter tax percentage).

Go to Accounts Info-Ledger-Alter-Select your sales/ services ledger account and go to Set Alter Statutory Details and set to Yes. You can see multiple tax category options e.g. Service Tax, Vat, TDS, TCS, Excise Duty (If you are enable all options). In service tax select applicable like below image (Select Services Provided by you or create a new one):

Now save your Ledger.

Create a Sales Accounting Voucher.

For more information on this tutorial watch this video: