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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/te9rel64/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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