Service tax integrated in Tally.ERP 9 takes care of your service tax transactions. It eliminates error-prone information, incorrect remittance, penalties, interests, compliance issues, etc. Service Tax in Tally.ERP 9 needs a one-time configuration for service tax features to be activated.
Tally.ERP 9 tracks bill-wise (bill-by-bill) detail and automatically calculates service tax payable and input credit with the flexibility to make adjustments later.
Service tax is part of a regular transaction. Information on service tax is maintained and produced category-wise, which is mandatory in service tax returns.
Adjusts input credit towards service tax payable.
Accounts for abatement and expenses.
Provision for exemption notification details.
Built-in assessable value feature on which service tax is calculated.
Transfer earlier pending service tax payable and available service tax input credit in to Tally.ERP 9
Reports are generated as per government suggested format. Print and file reports: GAR-7 Challans, Input Credit Form, ST 3 Report and ST 3A Report.
Management Information Services (MIS) reports: Service Tax Payable Report and Input Credit Form