How to Enable Service Tax in Tally ERP 9

Tally.ERP 9 tracks bill-wise (bill-by-bill) details and automatically calculates Service Tax payable and Input Service Tax Credit on each service bill. It also allows you the flexibility to make adjustments later.

Tally.ERP 9 contains statutory masters predefined with Service Tax rates and abatements for each taxable service. With the help of Tally.ERP 9, you can adjust input credit against the service tax payable and account for abatements / expenses and also specify exemption notification details. It also facilitates generation and printing of Service Tax related reports, forms and challans in the prescribed formats (viz., GAR 7 Challans and ST-3 Challans)

Enable Service Tax

To activate Service Tax in Tally.ERP 9, follow the steps given below :

Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation

• Set Enable Service Tax to Yes
• Enable Set/Alter Service Tax details to Yes
• Press Enter, the Service Tax Details screen appears,
• Type all details in Company Service Tax Details
• Save screen