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Service Tax Computation [Service Tax] in Tally.ERP 9

Service Tax Computation report displays information about service tax transactions. This report gives information of Input Credit, Service Tax Payable, Service Tax Payments/Credit Adjustments, Balance Service Tax Payable, Balance Available Credit & Other Payments like Arrears, Interest etc. for the period specified.

To view the Computation report

Go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Computation


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Service Tax Computation report is divided into 6 sections

  1. Input Credit: This field displays the total input credit availed on the Services Purchased.

Note: Input Credit details will be displayed based on payment made to the service provider.  

  • Current Period: This field displays the Input Credit availed in the Current Period along with the details of Realised Amount & Realised Assessable Value considered to calculate the Service tax.

  • Previous Period:This field displays the Input Credit availed in the previous period along with the details of Realised Amount & Realised Assessable Value considered to calculate the Service tax.

Note: Under Previous Period, Tally.ERP 9 displays the Input Credit available from the date when the service tax is enabled in the company..

  1. Service Tax Payable: This field displays the total Service Tax payable on the Services Sold.

Note: Service Tax Payable details will be displayed based on realisation of the service bill.

  1. Current Period: This field displays the Service Tax payable for the Current Period along with the details of Realised Amount & Realised Assessable Value on which the service tax is calculated.

  2. Previous Period: This field displays the Service Tax payable for the previous period along with the details of Realised Amount & Realised Assessable Value on which the service tax is calculated.

Note: Tally.ERP 9 will skips the Previous Period option.

  1. Service Tax Payments/Credit Adjustments: This field displays the total of Service Tax paid to government using GAR 7 Challan & the service tax liability adjusted towards the Input Service Tax Credit.

  2. GAR 7 Payments:  Displays the service tax amount paid for the period using G.A.R. 7 Challan.

  3. Service Tax Credit Adjustment: Displays the output service tax amount adjusted with Service Tax input Credit for the period

  4. CENVAT Credit Adjustment: Displays the service tax amount adjusted with the CENVAT Credit

  5. Adjustment Towards Advance Tax Paid: Displays the service tax adjusted with the advance tax paid to the government.

  6. Other Adjustments: Displays the service tax adjusted with the Tax paid towards the services which are not provided [under Rule 6(3)]

  1. Balance Service Tax Payable: This field displays the total service tax payable for the period

  1. Balance Available Credit: This field displays the total available Credit for the period

  2. Advance Tax Paid: This field displays the advance service tax paid to the Government

  3. Service Tax Credit: This field displays the Service Tax Input Credit available

  4. CENVAT Credit: This field displays the balance available CENVAT Credit

  1. Other Payments:  This field displays total of other payments such as Interest, Arrears and Penalty amount paid during the period.

Service Tax Computation - Input Credit

To view the Input Credit Computation report press Enter from Current Period (displayed under Input Credit). Users can drill down to the report to viewInput Credit bifurcation for different Type of Classifications.


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From Input Credit Computation report, you can select any particular Type of Classification to drill down to view Input Credit Summary report.

Select the Type of Classification - Input Credit


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Service Tax Computation - Service Tax Payable

To view the Service Tax Payable Computation report press Enter from Current Period (displayed under Service Tax Payable) option to drill down to the report which displays tax bifurcation for different Type of Classifications.


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From Service Tax Payable Computation report, you can select any particular Type of Classification to drill down to view Service Tax Payable -Bill date wise report.

Select the Type of Classification - Taxable


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Note: From Service Tax Payable -Bill date wise report, to view Realisation Wise - Service Tax Payable report press F8 or click onF8: Realisation Wise button.

Service Tax Computation - Service Tax Payments/Credit Adjustments

To view Service Tax Payments/Credit Adjustments Computation Report press Enter on payment/credit adjustment details to drill down to Service Tax Payments/Credit Adjustments report.

G.A.R 7 Payments


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Service Tax Credit Adjustments


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CENVAT Credit Adjustment


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Adjustment towards Advance Tax paid


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Other Adjustments


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Service Tax Computation - Balance Available Credit

To view Balance Available Credit computation report press Enter on any particular credit available details to drill down to Balance Available Credit report.

Select Service Tax Credit and press enter


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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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