Company Service Tax Particulars Entry Part 3

Focal Bank Details

Focal banks are those who are nominated by the Service Tax Department to accept the Tax paid by the Service Tax Payers. In the Focal Bank Details box, enter the following details :

Focal Bank Code - Here enter the code of the bank.

Focal bank Name - Here enter the name of the focal bank.

Focal Bank Address - Here enter the focal bank address.

After entering the details press 'Enter'. It will bring you back to the Company Operation Alteration(Statutory and Taxation) screen. Save the changes .

Company Service Tax Particulars Entry Part 2

Division / Range / Commissionerate

On the right hand side of the screen, information regarding the Service Tax Authorities are to be entered.


Division Code - Here you have to enter the code of the Service Tax division under which your organisation falls.

Division Name - Here you have to enter name of the service tax division.

Range Code - Here enter the code of the range under which the organisation falls.

Range Name - Here enter the name of the range under which the organisation falls.

Commissionerate Code - Here enter the code of the service tax commissionerate under which the organisation falls.

Commissionerate Name - Here you have to enter name of the service tax commissionerate.

Company Service Tax Particulars Entry Part 1

After you enable the options, it will take you to another screen named "Company Service Tax Details", where you have to enter the following information :

Company Service Tax Details
In this part the following details are to be entered:

Service Tax registration No. - Here you have to enter the registration number allotted to the company by the Service Tax Authorities.

Date of Registration - Enter the date on which the company was registered.

Assessee Code - Here you have to enter the code provided by the Service Tax authorities.

Type of Organisation - Select the appropriate type from the given list.

Major Service Category Name - Select from the given list of service categories, the name of the service on which the organisation deals. If the particular service is not available then select the option 'Not Applicable'

Credit Adjustments(%) - Here if the Input Service is directly related to Output Service then enter the credit adjustment % as 100.if the Input Service is not entirely related to Output Service then enter the credit adjustment % as 20.

Activation Features of Service Tax

In order to activate service tax features Press F11 then Press F3. Then set the options "Enable Service Tax" and "Set/Alter Service Tax Details" to 'yes'.

Service Tax

It is a type of indirect tax, which is charged on the seller of service though it is collected from the buyer of such service indirectly. The tax collected by the seller from the buyer of such service is required to be deposited to the Government. Service Tax is charged on almost all services, like, banking, travel agency, cable operator, etc.

Report fpr FBT

To view the FBT report go to Display from Gateway of Tally, then go to statutory reports, from there go to FBT reports. There you can view FBT computation( Gateway of Tally -> Display -> Statutory reports -> FBT reports). The report can also be viewed with section code and payment details. You can activate this option if the code and payment deatails cannot be viewed. FBT category ledger can also be viewed from here.

Printing FBT Challan

To print the FBT challan we have to press the Print button on the FBT challan page. Then the print configuration set up will appear. There set 'yes' to the option "Print as FBT challan".

Creating a Payment Voucher for FBT

To make payment of the FBT, you have to select the payment voucher at the Accounting Voucher Creation screen and select the FBT expense ledger.

Payment Voucher with FBT helper button
Enter the FBT ledger and set 'yes' t FBT details and then fill up FBT payment details. Payment voucher can be created using the FBT helper button. Then FBT Filter screen will appear and you have to fill up the details.