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A new GSTR-2B API is applicable from 14th Nov 2024, which affects auto-reconciliation of GSTR-2B for Oct-24. Stay tuned for our upcoming release, TallyPrime 5.1, which supports this and makes reconciliation even smoother.
https://help.tallysolutions.com/docs/te9rel62/Tax_India/Service_tax/Configurations_for_Masters.htm

Configuring Service Category Master (Service Tax)

You can configure service tax details in you company masters based on your business requirements.

On this page:

Recording service code and sub-clause number

Configuring for Negative List

Recording abatement details

Recording reverse charge details

Configuring for input service distributor

Recording service code and sub-clause number

To record service code and sub-clause number

1.    Go to Gateway of Tally > Accounts Info. > Statutory Info. > Service Categories > Create/Alter.

2.    Click F12: Configure and set the option Show service code and sub-clause no.? as shown below:

3.    Press Ctrl+A to accept, and return to the service category screen.

The options Service Code. and Sub-Clause No. are displayed and the details are auto populated based on the service category selected by using the helper button (pressing Ctrl+C) as shown below:

If you are not using the service tax helper, then enter Service Code. and Sub-Clause No.

Configuring for Negative List

To allow negative list of services

1.    Go to Gateway of Tally > Accounts Info. > Statutory Info. > Service Categories > Create/Alter.

2.    Click F12: Configure and enable the option Allow Negative List of Services? as shown below:

3.    Press Ctrl+A to accept, and return to the service category screen.

4.    Set the option Belongs to Negative List of services? to Yes as shown  below:

Recording Abatement Details

To record abatement details

1.    Go to Gateway of Tally > Accounts Info. > Statutory Info. > Service Categories > Create/Alter.

2.    Click F12: Configure and enable the option Enable abatement details? as shown below:

3.    Press Ctrl+A to accept, and return to the service category screen.

4.    Enter the Abatement rate.

5.    Enter the Notification number.

6.    Enter the Notification sl. no. The Service Category Alteration screen appears as shown below:

Recording Reverse Charge Details

To record reverse charge details

1.    Go to Gateway of Tally > Accounts Info. > Statutory Info. > Service Categories > Create/Alter.

o     Press F11 and enable the option Set/alter service tax details?.

o     Set the option Is reverse charge applicable? to Yes.

o     Press Ctrl+A to accept, and return to the service category screen.

2.    Enable the option Is reverse charge applicable?.

3.    Enter the percentage of Reverse charge.

4.    Enter the Notification number. and Notification serial number as shown below:

Configuring for Input Service Distributor

To record service code and sub-clause number

1.    Go to Gateway of Tally > Accounts Info. > Statutory Info. > Service Categories > Create/Alter.

o     Press F11 and enable the option Set/alter service tax details?.

o     Set the option Is company an input service distributor? to Yes. Ensure the option Enable input service distributor is set to Yes in the Company Service Tax Configuration screen.

o     Press Ctrl+A to accept, and return to the service category screen.

2.    Click F12: Configure and enable Allow Input Service Distribution? as shown  below:

3.    Press Ctrl+A to accept, and return to the service category screen.

4.    Enable Use for Input Service Distribution? as shown below:

5.    Press Ctrl+A to accept.

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