Advance Payment (Service Tax) As per Rule 6 sub-rule (1A), all the taxable persons can pay service tax in advance. Service tax paid in advance is allowed to be self-adjusted towards service tax liable to be paid for the subsequent period....

Payment of Service Tax (Recipient’s Liability) Generally, the service provider will be liable to collect and pay the service tax to the department. However, in certain circumstances, the service receiver will become liable to pay th...

Challan Reconciliation for Swachh Bharat Cess Payments All tax payment vouchers recorded for paying Swachh Bharat cess dues and other liabilities are displayed in Challan Reconciliation report. For each payment, the bank an...

Interest or Penalty Payable Towards Service Tax You can record the payment of interest or penalty towards service tax using the Stat Payment button in payment invoice and selecting the payment type as interest. ...

Payment of Interest or Penalty on Swachh Bharat Cess (Service Tax) You can record the payment of interest towards Swachh Bharat Cess using the Stat Payment button in payment invoice and selecting the payment type as interest on SBC. ...

Interest or Penalty on Krishi Kalyan Cess in TallyPrime (Service Tax) You can record the interest or penalty paid on Krishi Kalyan Cess in TallyPrime using the Stat Payment button in the payment voucher. ...

Arrears Payment (Service Tax) You can record payment of arrears in a payment invoice using the Stat Payment button. For example, ABC Company had to pay arrears of ₹ 3,360 towards service tax and ₹ 120 each towards Swach...

Payment of Late Fee (Service Tax) As per Sec 70 (1), if an assessee files service tax returns after the due date, a specific amount has to be paid as late fee. For example, Serendipitous Clicks filed their returns after the due dat...

Print Service Tax Invoice  You can print the invoice capturing service tax details Press Ctrl+P (Print) in the alteration mode of the invoice. The new Swachh Bharat ces...

Generate Form ST3 (Service Tax) Form ST3 is a statutory report that displays the ST3 Form in CBEC prescribed format. ST-3 form is used to file half-yearly service tax returns to the commissionerate of service tax. The Form ST3 repo...

Print, Export, and Validate Form ST-3 Report (Service Tax) Form ST-3 report can be printed as MS Word document or exported to XML format. Generating Form ST-3 Form ST-3 can be printed as MS Word document by pressing ...

Summary of Transactions (Service Tax) To view the summary of transaction, you can go to statutory reports and select the required return. It will display the statistics of all the transactions recorded for the selected period. ...

Form ST3 – Save, Re-compute, Overwrite, Save as Revised and Export (Service Tax) After resolving the required exceptions, the changes made can be saved. Press Alt+B...

Can I view tax liability details category-wise and transaction-wise to verify with ST3 report? Yes, tax liability details can be viewed in the same format as ST3 report and use to verify the details in Form ST3. G...

Define Service Tax Rates Different businesses have different requirements. While some bus...

Create a Group with Service Tax Details When you create groups with service tax details, the ledgers created under these groups will inherit the service tax details. To create a group with service tax details ...

Service Purchase Ledger (Service Tax) You can create a ledger for accounting the services received, under Purchase Accounts group. Gateway of Tally > Create...

Service Sales Ledger (Service Tax) You can create a ledger for accounting the services rendered, under Sales Accounts group. Gateway of Tally > Vouchers...

Service Category Master (Service Tax) For each service rendered and received, a service category can be created and altered. You can configure service tax details in you company masters based on your business requirements. Enable t...

Tax Unit in TallyPrime (Service Tax) You can maintain more than one service tax unit in TallyPrime in the same company data. Ensure the option Enable multi-tax registration? is set to Yes in Service Tax Details screen of Press...

Configurations for Service Tax You can enable additional configurations based on your business requirement to maintain data for service tax accurately. In this topic we will discuss these additional options. ...

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Service Tax Ledgers When you want to maintain a separate account for service tax collected without the education cess and secondary education cess, you can create a ledger for service tax. Servi...

Stock Item with Service Tax Details To create stock item with service tax details, enable statutory option for ...

Sale of Service in TallyPrime (Service Tax) It’s very simple to record sale of service in TallyPrime. You can record sales of one service, multiple services, services inclusive of tax and exempt services. ...

Sale of More than One Service in TallyPrime (Service Tax) You can record a sales invoice with multiple services rendered. Straight Scenes Designs is an architectural firm. They render architects services and interior design service...

Purchase of Service (Service Tax) You can record a purchase of services using the Purchase invoice. You can also record a purchase invoice for service inclusive of tax. Single Service Rec...

Exports (Service Tax) All services that are exported, are exempt from service tax. This is to make the export of services competitive in the international market. For example, on 27-4-2015, D-Day Events rendered event management se...

Pure Agent Services (Service Tax) A pure agent is a service provider who is a liaison between another service provider and a client. An expense incurred by the pure agent is exempt from service tax. TallyPrime provides the facility...

Sale of Service by Professionals (Service Tax) In practice, professionals issue receipts for services rendered. You can record services rendered by professionals directly in a receipt invoice. For example, Serendipitous Clicks rend...

Advance Receipt (Service Tax) When advance payment is received for a taxable service, and service tax is calculated in the receipt transaction, then while recording sales invoice, the service tax component is calculated after considering ...

Sale of Service with Tax Abatement (Service Tax) Service tax, Swachh Bharat cess and Krishi Kalyan cess can be calculated on the sales or purchase amount after abatement. You can define the abatement per...

Sale of Exempt Services (Service Tax) The concept of Negative list of Services was introduced in the Finance Act, 2012; according to which all services except the  those specified in Negative list, or been exempted specifically from ...

Maintaining Separate Accounts for Exempted Services (Service Tax) Person/Firm/Company rendering exempted services is required to maintain separate accounts for these services to get exemption. If not, a value amounting to 7% of total serv...

Enable Input Service Distributor (Service Tax) Company serving as input service distributor should be able to distribute the input credit for services received to various units based on their turnover. The units at the same time should be...

Service Tax Transaction in Foreign Currency Service tax is levied only when the service is rendered within the country. However, if service is rendered locally and bill is sent to a person outside country, service tax is levied on such se...

Voucher Class for Sales – Item Invoice (Service Tax) Accounting allocations can be automated during voucher entry using voucher class. Further, additional accounting entries like tax, freight, and other expenses can be predefined. W...

Voucher Class for Sales – Accounting Invoice (Service Tax) The sales ledger is configured as additional ledger in the voucher class to allow recording of value against it during voucher entry, as there are no items involved. ...

Specify Rate as Inclusive of Service Tax You can record sale of service rendered by specifying the amount that is inclusive of tax. For example, on 18-06-2016, AtoZ Company rendered advertising services to Sathya Enterprises  ...

Service Received from Non-taxable Territory (Service Tax) When a service is received from a non-taxable territory like Jammu and Kashmir, the service receiver will be liable to pay the service tax applicable on the service. For exa...

Import of Services (Service Tax) As per department rules, import of service is any service provided from outside India and received in India. The tax in such transactions is known as tax on import of services, and the service receiver is ...

Reverse Charge Transactions (Service Tax) Reverse Charge is paid by the service receiver. With effect from 01-07-2012, some more service categories have been included under Reverse Charge. Under this approach, for the payment of service t...

Configure Reverse Charge for Service Tax You can configure reverse charge for service tax details in service category and party masters. To configure reverse charge of service tax 1.Press ...

Tax Liability with Reverse Charge (Service Tax) Reverse charge liability for Swachh Bharat Cess and Krishi Kalyan Cess cannot be created by using journal voucher adjustment flags. Hence, the liability value for Swachh Bharat Cess and Kris...

Modify Tax Details in Transactions (Service Tax) You can override service tax details defined in company level, ledgers, or groups by altering the details while recording a transaction. 1.Press F12...

Enable Service Tax Adjustments Input credit for Swachh Bharat Cess paid is allowed only in case of following and not for all tax liability: Advance Tax Paid Rule 6(1A) Adjustment Excess Service Tax Paid Earlier Rule ...

Availing Input Credit (Service Tax) Consider the following situation the service provider charges service tax on the services provided, and it is not possible  or the service receiver to ascertain the amount on which service tax is c...

Service Tax Adjustment Flags In service tax, the nature of adjustments are provided for various adjustment transactions involving service tax payable or service tax input credit, as required by the department. These help in capturing the ...

Adjustment Towards Tax Paid but Service not Rendered (Service Tax) When you have already made service tax payment to the department but could not render the service later, then you can adjust the amount using the Tax Paid but service not ...

Adjustment Towards Excess Tax Paid (Service Tax) If you have paid excess of Swachh Bharat Cess and Krishi Kalyan Cess you can adjust these amounts using a journal voucher. 1.Gateway of Tally ...

Adjustment Towards Advance Tax Paid (Service Tax) You can pay your service tax in advance to the department and later adjust this amount when service is rendered and tax is collected. 1.Gateway of Tally...

Account for Advance Received Towards Services to be Rendered in Future and Deducting the Service Tax for Bill Raised Later When a customer pays an advance for the services to be rendered, you can adjust the advance amount with the service...

Moving service tax credit from Service Tax Report (ST3) to Excise Report (ER 1) You can move the input service credit to excise input credit. To move the Service Tax credit from ST3 to ER 1 form 1.Reco...

Service Tax Payment Transactions In TallyPrime, you can record a payment voucher for service tax remittance, including Swachh Bharat Cess and Krishi Kalyan Cess. Gateway of Tally >&...

Regular Payment (Service Tax) You can record the payment of service tax, swachh bharat cess and krishi kalyan cess to the department in the payment invoice using the Stat Payment button. On 30-06-2016, AtoZ Company paid ₹ 2,8...