Service Tax - Enabling Service Tax in Tally Erp 9 0 Hindi

Service Tax - Enabling Service Tax in Tally Erp 9 0 Hindi
A tally is accounting software that assists in the financial calculation of an organization. its services include accounting, payroll, sales, purchases, job costing, manufacturing and so on. It makes easy to manage the cash flow of the organization and keeping in mind the profits, as well as losses incurred upon a business.

Service Tax(Taxation Part in Tally) is a destination based consumption tax in the form of Value Added Tax. Service Tax is an indirect tax imposed on specified services (taxable services) provided by a service provider (Company, Individual, Firm, etc.).Service Tax was first brought into force with effect from 1 July 1994. All service providers in India, except those in the state of Jammu and Kashmir, are required to pay a Service Tax in India. Initially, only three services were brought under the net of Service Tax and the tax rate was 5%. Gradually more services came under the ambit of Service Tax. In accordance with the Annual Budget 2012-13, the current Service tax rate has been increased from 10% to 12%.
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