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Service Tax Features in Tally.ERP 9

Tally.ERP 9’s simple yet powerful Service tax feature enables you to record transactions related to Service Taxwith ease. The Service Taxfunctionality in Tally.ERP9 has the following features:

  • Simple and user-friendly

  • Flexibility to have common/Tax head specific tax ledger to account both Input Credit and Output Tax

  • Flexibility to create common Purchase (expenses)/ sales (Income) ledger to account purchase and sale of services of all categories.

  • Record Service Tax transactions in Journal or Purchase/Sales Voucher

  • ST Expenses/Purchases in Payment Voucher

  • Service Tax Billing (for professionals) through Receipt Voucher and print Receipt -Cum- Challan

  • Accounting Services as Inventory by Professionals

  • Record multiple services in a single voucher

  • Account service Bill Inclusive of Service Tax

  • Account Services Partly Subject to Service Tax (Works Contract)

  • Accounting Associated Enterprise Transactions

  • Accounting Sale of Service at Lower Rate of Tax

  • Record Cash Purchases and Sales and print the invoice in the name of the party.

  • Manage Advance Receipts and adjust the advances towards the service bill

  • Receipt/Payment of Normal Advances and Adjusting Advance against the Service Bill

  • Record purchase of services from (GTA) and calculate the Service Taxpayable.

  • Record Import of services and calculate the Service Taxpayable

  • Record Exempt, Export, Pure Agent, Taxable Percentage & Reverse Charge services

  • Manage Advance Service Tax payments to Government and adjust the tax payable towards the advance

  • Support for Amount deducted as TDS on Services Received are considered as realised

  • Supports Service Tax Calculation in Sales / Purchase Orders

  • Adjust Full / Partial Service Tax input credit towards Service Tax payable

  • Adjust CENVAT credit towards Service Taxpayable

  • Provision to account Service Tax Opening Balance

  • Reversal of Service amount with Service Tax (before realisation)

  • Refund of Service Input Credit

  • Provision to Reverse the Utilised Input Credit (if the payment is not made within Months from the date of raising the bill)

  • Record Rule 6(3) and 6(4A) Adjustments

  • Facility to Print G.A.R. 7 Challan

  • Generate Service Tax Payables report based on Bill date wise or Receipt Date wise

  • Separate Service Tax Payables report for Tax on Service Received and Import of Services

  • Maintain Input Credit Summary and Reversal Details

  • Generate ST 3 Form

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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