Service Tax

83128

• A provision is made to adjust CENVAT credit with service tax payable: Now, service tax payable can be adjusted against the available CENVAT credit in a journal voucher transaction.

101084

• A provision is made to export ST 3 report in the revised format: Now, ST 3 can be directly exported in xml format in the revised xml schema.

40958

• A provision is made to record service bills in currencies other than Indian Rupee: Now, Service Amount or Amount (Incl. of Tax) in Service Tax Details screen can be recorded in currency other than Indian Rupee.

44181

• A provision is made to adjust credit on advance payment made to service provider against tax liability: Payments made in advance to service providers can now be adjusted against tax liability or excise duty payable, by selecting the flag Input Credit Adjustment in journal voucher.

62252

• A provision is made to display total value in the print out of sales invoice recorded against advance receipt from the party: The option Print Advance Receipt details is provided in the advanced Invoice Print Configuration screen to allow printing details of advance receipt, against which the sales invoice was recorded.

75870

• A provision is made to create liability for reverse charge, even when tax is not charged while booking the service received: When reserve charge is enabled, and details configured, reverse charge liability can be directly generated without having to charge tax in the transaction where reverse charge service is booked.

85910

• Quarterly service tax returns Form A3 is provided: SEZ units can now generate Form A3 to file quarterly Service Tax returns.

75603

• A provision is made to calculate service tax on advance receipt for services defined under reverse charge: Now, for services defined as reverse charge, advance payments can be recorded by calculating service tax, and by defining service provider’s liability. Further, sales invoice can be recorded against the advance receipt for reverse charge services.

44009

• A provision is made to support Input Service Distributor functionality: The option Allow Input Service Distributor is provided in the F12: Configure of Service Tax Details screen. Enable this option to mark the unit as service distributor and transfer input credit received from purchase to other units, by passing a journal transaction.

50755

• A provision is made to cancel service tax transactions using journal voucher: Now, service tax credit note and debit note can be recorded using journal voucher to cancel services.

62237

• A report is provide to allow reconciliation of service tax payment transaction: The report Challan Reconciliation is provided under service tax reports to specify challan details for service tax payment transactions, without having to alter the transaction.

65432

• A provision is made in service tax reports to display credit on GTA and reverse charges as credit available, as per department date: To help assessee arrive at credit available for a specific period, a provision is made to display GTA/Import/Reverse Charge transactions, where recipient is paying tax and availing credit in the reports as per department date, and display liability as per party payment date in Service Tax Payable report.

69627

• A provision is made to generate service tax returns for multiple branch/unit from single company: Now, multiple service tax registration details can be maintained by creating tax units with service tax registration numbers, after setting the option Enable Multi-unit Tax Registration to Yes in Service Tax Details screen. Service tax returns can be generated for each branch/unit separately for same book of accounts (company).

74184

• A provision is made to adjust service tax against municipal tax paid to the department: Service tax department has made a provision to adjust service tax against municipal tax paid. The same can now be adjusted by selecting the Adjustment against municipal tax paid as Nature of Adjustment while recording a journal transaction.

75520

• A provision is made to support the new point of taxation rule for service tax under reverse charge: As per 2014 Budget, point of taxation in respect of reverse charge will be the payment date or the first day that occurs immediately after a period of three months from the date of invoice, whichever is earlier. To support this ruling, a provision is made to create service tax liability, if the payment is not made within 3 months from the date of invoice.

77766

• A provision is made to adjust service tax liability against excess service tax paid earlier, and to display the transaction in ST-3: Now, service tax liability can be adjusted against excess service tax paid earlier by selecting the option Excess Service Tax Paid earlier Rule 6(4A) Adjustment as Nature of Adjustment in journal transaction. This adjustment entry is displayed in ST-3 report.

77843

• A provision is made to enter all types of service booking directly in payment voucher: Now, transactions for all type of services  is booked directly in payment voucher by selecting the required Type of Service in the Service Tax Allocation screen without having to first create a purchase entry and then record payment.

87062

• A provision is made to print Name of Person Responsible and Designation in ST-3 report: The fields Name of Person Responsible and Designation are provided in the Print Report screen of ST-3 report to allow capturing these details, and print the same in the report. The same feature is extended to XML ST-3 report.

44181

• A provision is made to adjust credit on advance payment made to service provider against tax liability: Payments made in advance to service providers can now be adjusted against tax liability or excise duty payable, by selecting the flag Input Credit Adjustment in journal voucher.

62252

• A provision is made to display total value in the print out of sales invoice recorded against advance receipt from the party: The option Print Advance Receipt details is provided in the advanced Invoice Print Configuration screen to allow printing details of advance receipt, against which the sales invoice was recorded.

75870

• A provision is made to create liability for reverse charge, even when tax is not charged while booking the service received: When reserve charge is enabled, and details configured, reverse charge liability can be directly generated without having to charge tax in the transaction where reverse charge service is booked.

42474

• Service amount was not updated in the sales invoice when tax rate was altered, resolved: When tax rate was altered by setting the option Allow Modification of Tax Details for Service Tax to Yes in F12: Configure, the service amount was not being updated to reflect the change in rate. However, the Amount (Inclusive of Tax) was changed.

  Now, service tax amount will be updated automatically when tax rate is altered in an invoice.

56710

• Service tax payment values were displayed incorrectly in all statutory reports when payment transaction was recorded using payment helper, resolved:  The values from service tax payment transactions recorded using S: Stat Payment option were being displayed incorrectly in statutory reports such as ST-3, and so on.

  Now, service tax payment value will be displayed accurately for a transaction recorded using S: Stat Payment.

65354

• Additional ledger value was not appearing automatically in service tax sales invoice recorded using voucher class, resolved: When an additional ledger is configured with As Flat Rate as Type of Calculation in voucher class defined for service tax sales invoice, the value for the additional ledger was not being retained in the transaction.

72003

• Reverse (back) calculation of service amount was wrong when Amount inclusive of rate is changed after altering the tax rate, resolved: If the service tax rate is changed by altering the ledger master while recording the transaction, and  Amount (Inclusive of Tax) is changed there on, the reverse calculation of service amount and other additional tax values was incorrect.

  Now, reverse calculation of service tax, when tax rate and amount inclusive of tax is altered while recording a voucher, will be accurate.

81865

• The option Allow alteration of Tax Rate during entry was not working in purchase order and sales order, resolved: The cursor was not moving to the Service Tax field in Service Tax Allocation screen, even when the option Allow alteration of Tax Rate during entry was enabled in the Service Tax Details configuration screen.

  Now, on enabling the option Allow alteration of Tax Rate during entry the cursor will move to the Service Tax field, allowing alteration of tax rate.

88765

• Notification No. field was displayed in party master when any classification type is selected, resolved: In the Service Tax Details screen of party master, the field Notification No. was appearing on selecting any option in Type of Classification field.

  Now, Notification Number and Notification serial number fields will be displayed only when Exempt is selected as the classification type in Type of service field. Note, Type of Classification field is now renamed to Type of service.

65717

• Reverse service tax was being calculated incorrectly in sales invoice, when tax rates were defined in sales ledger, resolved: When the amount is specified in the Amount (Incl. of Tax) column of Service Tax Details screen in a sales invoice, the service tax amount reverse calculated automatically was incorrect. However, if the tax rate was specified manually, amount was calculated accurately.

  Now, tax amount for service tax and other secondary taxes will be reverse calculated accurately when amount is entered, and service tax rate is configured in the sales ledger master.

66208

• Service tax amount was captured wrongly in Service Tax Computation and other reports when tax rate/amount was specified manually in service received transaction, resolved: When tax rate/amount was specified manually in a journal voucher recorded for service received, the assessable value was not being updated, leading to difference in the amount specified as Amount (Incl. of Tax), and invoice total. Further, the service tax amount was captured wrongly in service tax computation and other reports like Input Credit Summary.

  Now, if tax rate/amount is altered in Service Tax Details screen of a journal voucher recorded for service received, the assessable value will be updated accordingly.

68702

• Tax amount altered in service tax opening balance transaction was not saved, resolved: If tax amount for education cess was altered while recording a journal transaction for service tax opening balance, the same was not being saved, and was reverting to default value.

  Now, alterations to tax amount of service tax, education cess, and secondary education cess while recording a service tax opening balance will be saved, and the same will be displayed in all reports.

70643

• Negative list of service transactions value was not being captured in computation report main screen, resolved: Transaction values for categories marked as Negative List of Service were not appearing in the main screen of Service Tax Computation report.

  Now, service categories can be marked as belonging to category master, and transactions recorded for such categories are displayed as excluded in computation.

81741

• An error was being displayed when advance receipt transaction was adjusted to service tax sales entry in alteration mode, resolved: The error message Internal Error : Contact Tally Solutions - Record Insertion failure in Database(1). Contact Tally Solutions was displayed when an advance receipt transaction was selected for adjustment in alteration mode of a service tax sales invoice.

  Now, a provision is made to allow adjustment of advance receipts in alteration mode of sales transactions.

84132

• Service Categories were not displayed while recording a payment entry using Stat Payment option in Remote Client, resolved: In Remote Client, while recording a service tax payment entry, the list of service categories was not being displayed in the Helper Tax Types screen.

  Now, service categories will be displayed in Remote Client while recording service tax payment transaction.

87691

• Service tax value was not calculated correctly in POS invoice with voucher class containing service income ledger, resolved: In a POS invoice recorded using voucher class predefined with service tax duty ledger, and income ledger for services offered, the value of the service income ledger was not being considered for calculating service during transaction.

  Now, value of service income will be considered for calculating service tax when rate and ledgers are defined in voucher class of POS invoice.

89036

• Service Tax Computation report was displaying service tax details from memorandum vouchers, resolved: When a transaction with service tax liability was converted to memorandum voucher, the liability continued to be displayed in Service Tax Computation report.

  Now, service tax liability from memorandum vouchers will not be displayed in the Service Tax Computation report.

93125

• Abatement percentage specified during alteration was not considered for calculation, resolved: When ledger with service tax details was replaced for another without tax configuration during alteration, and if abatement percentage was specified based on the replaced ledger service category, the same was not considered for calculating service tax.

  Now, abatement percentage specified in alteration mode of sales invoice is updated accordingly.

93754

• Tax payable was displayed in the realisation method computation report for services without receipt transaction, resolved: When Basis of Computation was set as Realisation, services without receipt transactions were being displayed as tax payable in computation report, if credit note was recorded against the sales transaction recorded for service provided.

  Now, in realisation method, tax payable is displayed only when receipt is recorded against a sales entry.

93835

• Values of payment entries for reverse charge with 100% liability were displayed incorrectly in computation report, resolved: When payment entry was recorded manually, for services received by taking reverse charge with 100% liability, the value was not being displayed correctly in Service Tax Computation report. However, when the same entry was recorded using S: Stat Payment option, the values appeared accurately.

  Now, reverse charge payment transactions recorded manually will be captured accurately in computation report.

70902

• Balance Service Tax payable was displayed as negative when tax liability was booked as reverse charge for categories with abatement, resolved: When reverse charge liability is booked for services received with abatement percentage, tax payable was being displayed as negative in the computation report. Also, the tax value differed on drilling down from main screen due to difference after round off.

  Now, the round off value is uniformly applied, avoiding difference in value at various levels of a report.

57094

• Extra line spacing was being displayed in printout of sales service invoice with multiple items, resolved: When multiple items with same service category were selected in a sales service invoice, a blank line space appeared above each item in the printout, leading it to run into multiple pages.

  Now, when a single service category is selected for multiple items in an invoice, the space reserved for service category above each item is deleted, as the service category is printed on top of item list.

77247

• Name of service tax category was displayed thrice in the invoice printout, when reverse charge was involved, resolved: When service category Manpower Recruitment or Supply Agency’s Services with reverse charge configuration was selected in an invoice, the printout of the invoice was displaying the category name thrice. The fields tax amount and abatement details were not displayed.

  Now, category name will be displayed only once for Manpower Recruitment or Supply Agency’s Services when reserve is involved.

80320

• Service tax value was being deleted in a duplicate payment voucher while saving the transaction, resolved: When a service expense transaction recorded using payment voucher was duplicated from Day Book (2: Duplicate), the service tax value was being deleted while saving the duplicate entry.

  Now, when payment transaction with tax ledgers is duplicated, the tax value is retained after saving such duplicate entry.

83478

• Service tax value was not being calculated as per the rate specified in the master in Remote Client, resolved: In Remote Client, tax calculated in a service invoice was not as per the service tax rate configured in sales ledger master. However, in server computer, the value was calculated as per the specified configuration.

  Now, service tax calculation in Remote Client will be as per the rate configured in masters.

57094

• Extra line spacing was being displayed in printout of sales service invoice with multiple items, resolved: When multiple items with same service category were selected in a sales service invoice, a blank line space appeared above each item in the printout, leading it to run into multiple pages.

  Now, when a single service category is selected for multiple items in an invoice, the space reserved for service category above each item is deleted, as the service category is printed on top of item list.

77247

• Name of service tax category was displayed thrice in the invoice printout, when reverse charge was involved, resolved: When service category Manpower Recruitment or Supply Agency’s Services with reverse charge configuration was selected in an invoice, the printout of the invoice was displaying the category name thrice. The fields tax amount and abatement details were not displayed.

  Now, category name will be displayed only once for Manpower Recruitment or Supply Agency’s Services when reserve is involved.

80320

• Service tax value was being deleted in a duplicate payment voucher while saving the transaction, resolved: When a service expense transaction recorded using payment voucher was duplicated from Day Book (2: Duplicate), the service tax value was being deleted while saving the duplicate entry.

  Now, when payment transaction with tax ledgers is duplicated, the tax value is retained after saving such duplicate entry.

83478

• Service tax value was not being calculated as per the rate specified in the master in Remote Client, resolved: In Remote Client, tax calculated in a service invoice was not as per the service tax rate configured in sales ledger master. However, in server computer, the value was calculated as per the specified configuration.

  Now, service tax calculation in Remote Client will be as per the rate configured in masters.

78053

• Service tax liability was not created when an opening balance transaction was recorded for carrying forward tax payable, resolved: When a journal voucher was recorded by selecting Opening Balance as the Nature of Adjustment in Stat Adjustment Details screen, service tax liability was not getting created.

  Now, service tax liability can be created by recording an opening balance transaction in journal voucher.

81617

• Input credit claim was not possible when service tax liability was generated on TDS deducted during purchase, resolved: When TDS was deducted in a purchase transaction created for booking expense with reverse charge, input credit was not created for service tax liability generated on TDS amount.

  Now, total input credit will include the liability generated on TDS amount.

93828

• ST 3 report was displaying wrong value for CENVAT credit carried forward from the month of May, resolved: When CENVAT credit is carried forward, after adjustment against tax payable in the month of May, the CENVAT credit Opening Balance value displayed for June in ST 3 report was incorrect.

  Now, CENVAT credit closing balance carried forward from May to June will be accurately displayed in ST 3 report.

86319

• Service tax duty breakup was not being displayed in the printout of service invoice, resolved: Break-up of service tax duty was not being printed in service sales invoice when the option Print after saving voucher was enabled in the voucher type master.

  Now, tax break-up of service tax will be printed in service sales invoices, after saving.

   

See also:

Release 5.0

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