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Taxable Percentage [Service Tax] in Tally.ERP 9

As per the recent Service Tax Amendments, w.e.f July 1, 2012, Abatement has been replaced by Taxable Percentage.

Taxable Percentage refers to a certain percentage of the value of Service on which Service Tax can be levied. Whereas, Abatement is a deduction allowed (by the Government) on the value considered for Service Tax.

Example: Taaza Caterers received services - Transportation of goods by rail worth Rs.1,00,000 and the Taxable Percentage is 30%. So, only 30% of the Service Amount is applicable for charging Service Tax i.e. Rs.30,000 (30% of Rs.1,00,000).

 
 
 
 
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.
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