VAT

Features of VAT in Tally ies 9

VAT is completely integrated with Tally 9. The VAT functionality in Tally 9 supports the following features, making it easier for computation:

• Quick & easy setup
• Fast & error-free voucher entry
• Pre-defined list of sales & purchase classifications
• Complete tracking of each transaction till annual returns
• Printing of Tax invoice
• VAT computation report
• Better VAT-returns management
• Monthly Return

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Service Tax

• 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

eTDS

The TDS functionality in Tally supports the following features:

• Simple and user-friendly.
• Quick and easy to set up and use.
• Accounting for tax on partial/full payment of bills.
• Flexibility for auto and manual calculation of TDS.
• Complete tracking of each transaction from deduction to payment.
• Challan management and printing for prompt and accurate filing of tax.
• The Auto allocation feature prevents error-prone data entry and helps track the transactions faster.
• Form 16A management:
• Can be printed for a transaction
• Can be printed for a period
• Can be printed yearly
• Allows multi-party printing
• Exporting of data in NSDL compliant TDS file format.
• Electronic format (e-TDS return) with Form 26Q, Form 26 , Form 27 and Form 27A which will be validated by the utility, provided by the government.
• Generates Form 16A, TDS Challan, TDS Computation and TDS Payable reports.

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