This report displays the details of purchase bills of which the Input Credit is utilised towards Service Tax payable before making the payment to the Service Provider.
To view the Input Credit Reversal Details report
Go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Input Credit > Reversal Details
The Input Credit Reversal Details screen appears as shown:
Bill Date: This column displays the service purchase bill date
Ref. No.: In this column the Tax bill Reference of the service bill will be displayed
Party's Name: This column displays the name of the party from whom the services are purchased
Category: This column displays the service category selected in the purchase
Bill Value: This column displays the total service purchase bill amount (Service Amount + Service Tax)
Billed Assessable Value: This column displays the billed assessable Value (only Service Amount)
Availed Input Credit: This column displays the input credit availed on the service bill
Utilised Input Credit: This column displays the service input Credit utilised towards the tax Payable
Input Credit Need To Be Reversed: This column displays the utilised input credit which has to be reversed in case the payment to the service provider is not made with in 3 months from the date of receipt of the service bill
Balance Input Credit: This column displays the un-utilised availed input Credit on the purchase bill
Pending From No. of Days: This column displays the number of days from when the bill is pending for payment
F1: Detailed
Click on F1: Detailed button or press Alt +F1 to view the details of all the Vouchers connected to service Reference Number
F2: Period
Click on F2: Period button or press F2 to change the selected period
To configure Input Credit Reversal Details report press F12 key or click on F12: Configure button
The Configuration screen appears as shown:
Show Service Tax Registration No: Set this option to Yes to view Service tax Registration Number of the Service Providers
Show Unpaid Bills also: Set this option to Yes to view the unpaid service purchase bills
On enabling this option a new column Unpaid Bills will be displayed in the report which captures the Bill value of the purchase bills which are unpaid.
Show Reversed Input Credit: Set this option to Yes to view the details of purchase bills for which the Input Credit has been reversed.
On enabling this option a new column Reversed Input Credit column will be displayed in the report which captures the value of reversed Input Credit
'Reversal Summary' has been shared with
