Service Tax Accounting Software
Service Tax was introduced in India in 1994 by Chapter V of the Finance Act, 1994. The Central Board of Excise & Customs (CBEC), Department of Revenue, Ministry of Finance, deals with the task of formulation of policy concerning levy and collection of Service Tax. The CBEC is assisted by the Directorate of Service Tax located at Mumbai. The Service Tax is being administered by various Central Excise Commissionerate spread across the country. The jurisdiction of each Commissionerate has been specified vide Notf. No. 14/2002-CE(NT) as amended from time to time. However there are six Commissionerates located at metropolitan cities of Delhi, Mumbai, Kolkata, Chennai, Ahmedabad and Bangalore which deal exclusively with work related to Service Tax. These Commissionerates are supervised by the jurisdictional Chief
Commissioner
of Central Excise. Each Commissionerate consists of 3 to 5 divisions with each division consisting of a number of range offices.
Key Features of Service Tax Software:
- Maintain different masters that helps in calculation of Service Tax, Education Cess & Higher Education Cess on bill amount.
- Input Details of bills raised to different clients along with service tax component, Receipt details, Receipt in Advance & Cenvat Credit Details.
- Provides reports for claiming CENVAT credit.
- It creates different Service Tax registers like bill register, receipt register & cenvat registers.
- Generate & Print Service Tax Challan GAR 7 using receipt and credit details.
- Prepare Service Tax Return ST 3 on click of a button.
- Excel Import / Export - Provides a facility to Import & Export Bills / Receipts / Credit details
- Other Forms ST-1, ST-2, ST-3A, ST-4, ST-5, ST-6, ST-7, AAR-ST, ASTR1 & ASTR2
- User level security & rights management can be effectively set.
- Auto update facility has been provided for regular updates
- Software has a very unique and easy interface, which enables software and user interaction very comfortable.
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