- Tally 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
- Reports are generated as per government suggested format. Print and file reports: TR6 Challans, Input Credit Form, ST3 Report and ST3-A Report.
- Management Information Services (MIS) reports: Service Tax Payable Report and Input Credit Form.
Sunday, April 4, 2010
How to Treat Service Tax in Tally9 or Tally.erp
Service tax integrated in Tally 9 takes care of your service tax transactions. It eliminates error-prone information, incorrect remittance, penalties, interests, compliance issues, etc. Service Tax in Tally 9 needs a one-time configuration for service tax features to be activated.
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