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