Software Solution for Service Tax in the O2C Cycle

To meet the service tax requirements that the tax authorities specify in the O2C cycle, the JD Edwards Enterprise One programs enable you to:

1. Create a sales order for the taxable services.

2. Calculate the service tax and print the invoice.

3. Enter cash receipts based on the payment received from the customers.

4. Generate the service tax reclassification reports.

5. Create a voucher for the service tax payable to the tax authorities.

6. Generate the TR-6 Challan report on a monthly basis and the Form ST-3 on a semi-annual basis.

7. Offset the service tax liability with credit availed from input services.

   Note: If the manufacturer is also a service provider, the service tax can be offset from input raw material and input capital goods.

8. Create a voucher for the service tax payable to the tax authorities

9. Generate the TR-6 Challan report on a monthly basis and the Form ST-3 on a semi-annual basis.