VUdyog’s - Service Tax software simplifies the operational transactions by keeping track of every Cenvat duty / service tax duty that service providers pay for inputs and subsequently charge to customers. VUdyog’s Service Tax software was designed after several, thorough reviews of renowned consultancies, studying financial bills; and takes care of all complicated practical issues. Additionally, it maintains statutory documents, MIS reports. The solution covers every operational problem, so that better output can be generated.
• Udyog’s Service Tax Software – is One Product for more than 200 service industries; A ready solution for any and every “Service Industry”.
• Key success – “Taking credit on every expense that is made with / without Service Tax paid” - is a straight income. Many small and medium organizations do not do it, due to lengthy record keeping or lack of awareness.
• Software enables, maintains automatically the statutory reporting, along with guidance to the management of ‘taking credit’ on every expenses.
5. Input Purchase Entry Expense Purchase Purchase – Raw material & Capital Goods Service Tax Bill Entry Output Service Tax Output Service tax Bill for Exempted Customers Output service Tax Bill for your exempted services GAR-7 Challan Entry JV for Excise credit Reverse Excise Goods removed as such JV for Set off Entry Account Master Item Master Output service tax Bill For Export services Import services Application Transaction Flow
8. Service Tax Number compulsory for Vendors & along with that under which services he is registers, We are providing default all the services within the software , choose any one from the list. If he is registers under multiple services then option is provided at the time of transaction entry you can change the input service.
9. In Account master provision available for Entering Excise detail of vendors who are registered under excise & from whom you are purchasing excise goods
10. Item Master for creating items ( Excisable goods ), Provision for entering chapter number
12. Expense purchase transaction entry for Booking the input service tax Bill. When you select the party, in service tax category the default services will appeared ( As set by you in Account master).
13. After entering the taxable amount , software automatically calculate the input service tax amount.
22. Service Tax Summary Reports work dynamic, it’s a complete picture of Bill wise & payment done services wise
23. Output Service Tax Bill Entry Service Tax invoice entry for issuing bill ( As per your Design format) to your customers
24. Service Tax Sales bill Entry, if you have register under more then one services then you have to choose in service tax category. Service tax calculation done automatically after entering taxable amount.
31. Choose against which output services you are receiving payment. Part or full payment basis software automatically calculate service tax payable amount.
33. Service tax abstract report services wise after getting payment from customers & showing how much service tax you have to pay.
34. Service tax summary dynamic reports effect after getting payment from customers.
35. Service tax summary dynamic reports effect after getting payment from customers. Abstract report shows how much you have to pay & how much is balance to be paid as per sales bill amount
36. ST-3 Posting after bank receipt entry, The Column number A(i) shows gross amount received excluding service tax amount & G,H,I is the service tax amount payable.
37. Advance Payment Entry If you are getting advance payment form customers against your output services.
41. Output service tax Bill Entry As per exemption notification you are providing output services to customers where service tax is not calculated.
42. The following general exemptions from payment of whole of the amount of Service Tax are available for the Service Providers: · Services provided to the United Nations or International Organisations (Notification No.16/2002-ST dated 02.08.2002). · Services provided to a developer of Special Economic Zone or a unit of Special Economic Zone (Notifn. No.04/2004-ST dated 31.03.2004). Following are the sales invoice entry for above mentioned condition
46. Output Service Tax bill entry for exempted services If one of your output service is exempted & you want to make service tax invoice.
47. Sales invoice entry for exempted services- If one of your services are exempted then you can make your service tax bill without calculating service tax amount
48. Service tax bill for exempted services without service tax calculation
60. Sales Invoice Entry Remove as such entry, after taking Cenvat credit of Raw material or capital goods if you are going to sale that material then you can print excise invoice or commercial invoice.
61. Remove as such sales invoice- If you want to sell excise paid item then you have to do following entry.
66. Set off Entries for input service tax credit against output service tax payable amount
67. Service tax set Off Entry You have to knock off service tax & excise credit available with service tax payable amount.
68. In service tax abstract report against out service you will get amount adjusted services wise. You have a choice of adjusting input services individual amount adjusted against output services.
