Service Tax

Service tax is a tax levied by central government on services provided. Service provider is liable to pay service tax.

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.