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![5/20/13 Service Tax
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Chapter 2
Additional changes in ACE 8.0 relating to Service Tax
1. COMPANY SETTINGS
a. Tax Settings-Service
Tax
General
Setting
Old Service tax
Regn no.
Old regn no, which is not PAN
based, clerks require it to fetch file
in the department.
Service Tax
Regn no. [STP
Code]
15 digit PAN based regn no. <10
digit PAN> + ST001
Service Tax
Location Code
6 digit range code, 2+2+2,
commissionerate+division+range, 2
digits each
Comissionerate Name of comissionerate
Common inputs
services
Service tax credit of Input Services
is allowed just like cenvat credit in
central excise. Like common
inputs, there might be input
services, which are used to render
both taxable services as well as
non-taxable services. E.g, in a
CA's office, telephone expenses
are common input services,
because a telephone is used to
render Auditing services (taxable)
as well as tax consultancy
services (exempted).
A/c of Service
Tax
Service Tax
Credit a/c
Account of service tax credit
obtained, like RG23A Part II
Service Tax PLA
a/c
Service tax PLA a/c (not required
legally, may be ignored, introduced
for future requirement)
Service Tax
Payable a/c
Service tax payable a/c, like
Cenvat Payable a/c
A/c of
E.CESS[ST]
E.CESS Tax
Credit a/c
Account of E.Cess (on service
tax) credit obtained, like RG23A
Part II
E.CESS Tax
PLA a/c
E.Cess a/c (not required legally,
may be ignored, introduced for
future requirement)
E.CESS Tax
Payable a/c
E.Cess payable a/c
Other A/cs
[ST]
Interest [ST]
PLA a/c
Interest PLA a/c (not required
legally, may be ignored)
Misc [ST] PLA
a/c
Misc PLA a/c (not required legally,
may be ignored)
b. Tax
Settings-
Excise
Just to maintain further
comptabality of ACE with X-ise &
Service Tax together - ACE9
2. MASTER
a. Subledger - Service Products
Service
Product
Concept of two more types of
products has been introduced in](https://image.slidesharecdn.com/ace-8-changes-in-servicetax-130520070848-phpapp02/75/Ace-8-changes-in-service-tax-1-2048.jpg)
![5/20/13 Service Tax
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Journal
Credit Note
Debtors
Debit Note
Debtors
3. ENTRY
a. Cash/Bank Vouchers –
flavours
Normal Different flavours of cash / bank &
other entry modules have been
introduced so as to correctly
capture different statutory
transaction and interpret its legal
implication on different registers
and returns.
Service Bill -
Payment
Service Bill -
Receipt
PLA
Payments
[ST]
PLA
Payments
[ED]
b. New fields (in CB) Service Tax
Provider
Service Tax
Bill
Service Tax
Bill Date
c. Journal Vouchers - flavours Normal
Service Tax
CENVAT
Utilise [ED]
CENVAT
Utilise [ST]
d. Purchase - Bill - flavours -
billing
Normal Normal commercial invoices.
Excise
Manufacturer
Ignore, meant for forthcoming ACE
9.0
Excise
Registered
Dealer
Service Tax
Provider
e. Purchase - Bill - flavours -
product
Stock Only normal stock-items to be
considered for billing.
Service Only service products to be
considered for billing, e.g. Job
Working charges.
f.Sale - Bill - flavours - billing Normal Normal commercial invoices.
Excise
ManufacturerIgnore, meant for forthcoming ACE
9.0
Excise
Redistered
Dealer
Service
Provider
Meant for invoicing of output
services.
Input Meant for invoicing of an Input](https://image.slidesharecdn.com/ace-8-changes-in-servicetax-130520070848-phpapp02/75/Ace-8-changes-in-service-tax-3-2048.jpg)
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Ace 8-changes-in-service tax
This document discusses changes made in ACE 8.0 related to service tax. Key changes include: 1. New settings for service tax registration number, location code, and accounts for service tax credit, payable, E-Cess credit and payable. 2. New subledgers for non-stock and service products, and service tax categories to classify different types of services. 3. Introduction of product-level terms for purchase and sale documents to capture service tax implications correctly. 4. New voucher flavors in cash/bank and journal modules to record statutory service tax transactions accurately. 5. Additional fields and flavors in purchase and sale bills to identify service tax providers and invoice output
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- 1. 5/20/13 Service Tax file://localhost/Users/Zoy/MyProjects/N+Hance_Digital/Digital_projects/On-Progress/Coral-Website/httpwww_coralindia_comdocumentation_shtml/Docume… 1/4 Chapter 2 Additional changes in ACE 8.0 relating to Service Tax 1. COMPANY SETTINGS a. Tax Settings-Service Tax General Setting Old Service tax Regn no. Old regn no, which is not PAN based, clerks require it to fetch file in the department. Service Tax Regn no. [STP Code] 15 digit PAN based regn no. <10 digit PAN> + ST001 Service Tax Location Code 6 digit range code, 2+2+2, commissionerate+division+range, 2 digits each Comissionerate Name of comissionerate Common inputs services Service tax credit of Input Services is allowed just like cenvat credit in central excise. Like common inputs, there might be input services, which are used to render both taxable services as well as non-taxable services. E.g, in a CA's office, telephone expenses are common input services, because a telephone is used to render Auditing services (taxable) as well as tax consultancy services (exempted). A/c of Service Tax Service Tax Credit a/c Account of service tax credit obtained, like RG23A Part II Service Tax PLA a/c Service tax PLA a/c (not required legally, may be ignored, introduced for future requirement) Service Tax Payable a/c Service tax payable a/c, like Cenvat Payable a/c A/c of E.CESS[ST] E.CESS Tax Credit a/c Account of E.Cess (on service tax) credit obtained, like RG23A Part II E.CESS Tax PLA a/c E.Cess a/c (not required legally, may be ignored, introduced for future requirement) E.CESS Tax Payable a/c E.Cess payable a/c Other A/cs [ST] Interest [ST] PLA a/c Interest PLA a/c (not required legally, may be ignored) Misc [ST] PLA a/c Misc PLA a/c (not required legally, may be ignored) b. Tax Settings- Excise Just to maintain further comptabality of ACE with X-ise & Service Tax together - ACE9 2. MASTER a. Subledger - Service Products Service Product Concept of two more types of products has been introduced in
- 2. 5/20/13 Service Tax file://localhost/Users/Zoy/MyProjects/N+Hance_Digital/Digital_projects/On-Progress/Coral-Website/httpwww_coralindia_comdocumentation_shtml/Docume… 2/4 Product Name products has been introduced in Ace 8, apart from 'stock product' currently available. These are: Non-Stock product and Service product, for which no stock register will be maintained. Many of the information of a regular products such as UOM, re-order levels, etc. have been removed. Alias Name Group b. Subledger - Service Category Category Code Like, CETSH in excise, Service Tax Category is used for classifying various types of services. Service tax structure varies for different service tax categories. Service Tag Box c. Tax Comptn. Setup - Inward - Transaction Level Purchase Documents Product level terms (PLT), like in X-ise, have been introduced in Ace 8 also. All PLT flavours of X- ise are available, in addition few more have been provided. Party Group Product Serv Category- wise Party Group- wise Serv Category- wise Product Group Serv Category- wise Serv Category- wise Cash/Bank Payment PLT has also been introduced in CB & other non-stock modules since the incidence of service tax is on cash basis. Debit Journal Credit Note Creditors Debit Note Creditors d. Tax Comptn. Setup - Outward - Transaction Level Sale Documents Party Group Product Serv Category- wise Party Group- wise Serv Category- wise Product Group Serv Category- wise Serv Category- wise Cash/Bank Receipt Credit
- 3. 5/20/13 Service Tax file://localhost/Users/Zoy/MyProjects/N+Hance_Digital/Digital_projects/On-Progress/Coral-Website/httpwww_coralindia_comdocumentation_shtml/Docume… 3/4 Journal Credit Note Debtors Debit Note Debtors 3. ENTRY a. Cash/Bank Vouchers – flavours Normal Different flavours of cash / bank & other entry modules have been introduced so as to correctly capture different statutory transaction and interpret its legal implication on different registers and returns. Service Bill - Payment Service Bill - Receipt PLA Payments [ST] PLA Payments [ED] b. New fields (in CB) Service Tax Provider Service Tax Bill Service Tax Bill Date c. Journal Vouchers - flavours Normal Service Tax CENVAT Utilise [ED] CENVAT Utilise [ST] d. Purchase - Bill - flavours - billing Normal Normal commercial invoices. Excise Manufacturer Ignore, meant for forthcoming ACE 9.0 Excise Registered Dealer Service Tax Provider e. Purchase - Bill - flavours - product Stock Only normal stock-items to be considered for billing. Service Only service products to be considered for billing, e.g. Job Working charges. f.Sale - Bill - flavours - billing Normal Normal commercial invoices. Excise ManufacturerIgnore, meant for forthcoming ACE 9.0 Excise Redistered Dealer Service Provider Meant for invoicing of output services. Input Meant for invoicing of an Input
- 4. 5/20/13 Service Tax file://localhost/Users/Zoy/MyProjects/N+Hance_Digital/Digital_projects/On-Progress/Coral-Website/httpwww_coralindia_comdocumentation_shtml/Docume… 4/4 Service Distributor Service Distributor. g. Sale-Bill-flavours - product Stock Only normal stock-items to be considered for billing. Service Only service products to be considered for billing, e.g. Audit Fees.