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https://help.tallysolutions.com/docs/te9rel49/Service_Tax_New/Service_Tax_Features_in_TallyERP_9.htm

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

 

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