PRODUCTS -> iTAX> Product Details

Modules Covered under iTAX Excise For Manufacturer Excise for Trader TDS & e-TDS VAT (State wise) & CST Service Tax EOU (Export Oriented Units) SEZ (Special Economic Zone) Niryat (Export Documentation)

1. iTAX - Excise for Manufacturer:
Application Features:

• Updated with education cess, S & H E Cess (Secondary & Higher Education Cess)
• An option of daily / monthly posting
• Calculation of Excise Duty on the basis of MRP / Abatement / Pro-rata / Deemed Credit
• Progressive calculation (considering Branded / Unbranded / Without Export Value)
• Posting of sales return entry to RG 23A Part I & II
• Differential Rate Invoice Entry
• Percentage of Excise Duty linked with Progressive amount
• User definable percentage of Excise Duty (e.g. 9.6% to 16%)
• Auto BOM (Bill of Material)
• Loan & License Part-wise Page Number Generation
• Different Excise Duty consideration like BED, AED (GSI), SED, NCCD, AED (T & TA), Education Cess in Invoice, RG 23 A Part II, ER II and ER III
• Data security through mirror image and encrypted form of Backup option
• User-wise entry level security
• E-filing

Front Office Documents:

• Excise Invoice / Gatepass (with / without Progressive amount)
• Daily Input to Production Slip
• Daily Output from Production Slip
• GAR-7 (TR-6) Challan
• Annexure 22 for Captive use
• Duty Payable Letter to Central Excise

Registers:

• Personal Ledger Account (PLA)
• Personal Ledger Account (PLA) with Education Cess
• RG 23 A Part I (Item-wise / Date-wise / Group-wise) for Raw Material / Capital Goods
• RG 23 A Part II for Raw Material / Capital Goods
• Service Tax Credit Register with Education Cess
• RG I (Item-wise/Group-wise/Chapter-wise) Daily Stock Statement
• Duty Payable Report (Date-wise / Invoice-wise / Chapter-wise / Group-wise)
• Duty Available Report
• Deemed Credit Availed Report
• Daily Production Report
• Captive Use Stock Ledger Report
• Form IV for Stock of Raw Material
• Form RT V for Raw Material Used & Finished Goods Produced
• Duty Deposited Under TR-6 Challan

ER -I, II, III (RT 12), ER-V, ER-VI Reports:

• Form ER- I (Monthly Return for Production and removal of Goods and other relevant particulars and CENVAT Credit)
  
• Form ER- II (Monthly return in respect of Excisable goods manufactured and receipt of input & capital goods)
  
• Form ER- III Submitted by the Assesses falling under provision to Rule 12 (Quarterly Returns)
• Form ER-V and ER-VI
  
• Letter to The Superintendent of Central Excise
  
• Abstract of Input Goods & Capital Goods Under Rule 7
  
• Proforma for Monthly Return under Rule 7 for Input Goods with & without Closing Balance (Cenvat)
  
• Proforma for Monthly Returns Under Rule 7 for Capital Goods with & without Closing Balance
• Revenue Report for Units more than One Crore per Annum with Previous Year's Date
  
• Datasheet for CRDD Project
• "Annexure A"for Monthly Revenue Figure
• Monthly Stock Statement with Assessable Value, Excise Duty, Export Value, Export Duty, Closing Stock

Reports for Labour Job Units:

• Annexure IV Stock Register for Goods sent for Processing / Job Working
  
• Annexure V Account of Receipt of Raw Material, Inputs, Partial Process Goods, Semi Finished Goods
• Annexure II Challan for Job Work
• Annexure VI / Subsidiary Challan for Job Work
• Labour Job Challan Under Rule 12B for Textile Industry

Reports for Exporters:

• B1 bond Register
  
• ARE 1 Application Form for Removal of Excisable Goods for Export
• ARE 1 Certificate by the Central Excise Officer
• ARE 3 Application Form for Removal of Excisable Goods from a Factory or Bonded Warehouse to Another

Warehouse:

• ARE 3 Certificate by The Certificate by The Central Excise Officer
  
• CT 3 Register
• Appendix 21 Register for Maintenance of Consumption & Stock of Imported Raw Material Components by the Actual Users
• Annexure 18 Proforma of Running Bond Account
• Annexure 19 Part I for Removal of Export in the Current Month
• Annexure 19 Part II for Proof of Export Received for Earlier Quarters
• Annexure 19 Part III for ARE 1 not been Received by Exporter
• Annexure 19 Part IV for ARE 1 not been Received Under the Limit
• Invoice of Goods liable to Central Excise Duty in India transmitted under the Central Excise Seal to Nepal & Bhutan
• Annexure 19 Part V for Abstract of Bond

2. iTAX - Excise for Traders:
Application Features:

• Direct posting from Invoice to RG23D Registers
• Updated with 4% CVD
• Updated with 1% Secondary and Higher Education Cess on Excisable goods
• Fast Excise Invoice generation
• Simple & ease of use
• Option to add Excise duty in Final Value
• Two Units Option (e.g. Loose quantity of Kgs and No. of bags)
• Different Excise duty consideration like BED, AED (GSI), SED, NCCD, AED (T & TA) in Invoice, RG 23D, Form-II and Defacing slip.
• AED calculation on Assessable Value or on BED and SED
• Data-backup-auto mirror
• Auto Generation of RG Page Number
• Variable duty rate selection while making invoice

Front Office Documents:

• Excise invoice with multiple Item Details
• Defacing Slip (RG Pagewise / Billwise)
• Special Defacing Slip for Textile Traders

Registers:

• Sales / Purchase Register Date-wise / Item-wise / Party-wise
• Stock Register Invoice-wise
• Cenvatable Invoice Register with Excise / Commercial / All option

Excise (Trading) Reports:

• RG 23D Godown-wise Register
• Form-II Part I & II
• Total Cenvat Received / Issued Bill-wise / Godown-wise
• Annexure – D
• M I S Report
• Balance Stock Item-wise / Godown-wise / Party-wise
• Buyer / Consignee List
• Importer / Manufacturer / Supplier List

3. iTAX - TDS
The TDS functionality in Udyog supports the following features:

• Accounting for tax on partial / full payment of bills
• Flexibility for auto and manual calculation of TDS
• Complete tracking of each transaction from deduction to payment
• Challan management and printing for prompt and accurate filing of tax
• The Auto allocation feature prevents error-prone data entry and helps track the transactions faster
• Form 16A management:
  o Can be printed for a transaction
  o Can be printed for a period
  o Can be printed yearly
• Allows multi-party printing
• Exporting of data in NSDL compliant TDS file format
• Electronic format (e-TDS return) with Form 26Q, Form 26 , Form 27 and Form 27A which will be validated by the utility, provided by the government.
• Generates Form 16A, TDS Challan, TDS Computation and TDS Payable reports.

4. iTAX - VAT (State wise) & CST
The VAT functionality in Udyog supports the following features, making it easier for computation:

• Pre-defined list of sales & purchase classifications
• Complete tracking of each transaction till annual returns
• Printing of Tax invoice
• VAT computation report
• Better VAT-returns management
• Monthly Return

5. iTAX- Service Tax

• ST-1 (Application for registration)
• ST-2 (Certificate of registration)
• ST-3 (Return of service tax credited to the Government of India for the period from To Date)
• ST-3A (Memorandum for provisional deposit under rule 6- for the month of)
• ST-4 (Form of Appeal to the Commissioner of Central Excise)
• ST-5 (Form of Appeal to Appellate Tribunal under section 86)
• ST-6 (Form of memorandum of cross objections to the Appellant Tribunal under section 86)
• ST-7 (Form of application to Appellate Tribunal under Section 86(2))
• TR-6 Challan (payment Challan for bank)

Following Registers :

• The Service tax credit & Education Cess register with Cenvat (Raw Material & Capital Goods (50% credit only) ) & Education Cess Detail.
• Service tax Payable Reports With Paid & Bill Amount Detail.
• Printing of Invoice / Bills / Challan
• Service Tax Sales register
• Service Tax Purchase register
• Return under rule 5 of the Service Tax Credit Rules, 2002
• Calculation of Service Tax on the basis of Abatement ratio

6. iTAX EOU EXCISE:

• Enables Single Entry Multiple Effect on Statutory Records, Registers & Reports.
• Facilitates Automatic Report Generation and Maintenance of all Statutory Registers & Reports
  Provides for a Total coverage of Material Life Cycle encompassing Inward & Outward of Material (Imported and Indigenous) with respect to Purchase, Job Working, Production, Export Sale, DTA Sales, and Deemed Export.
• Supports seamless One Time Integration with any kind of Legacy Platform & / Database, providing Import & Export of Data.
• Supports Multi User & Networked Environments.
• Provides for creation & maintenance of users thru’ a Administration Menu with Menu-wise Addition, Deletion & Modification rights assigned & implementing access security.

Purchase:

• Generates & Prints CT3’s & PC’s in specified Formats for items only as per the LUT.
• Calculates Duty Amounts as per Tariff Classifications & makes proper Debit Entries in B17 Bond Register.
• Checks CT3’s & PC’s while accepting material keeping track of Pending Quantities.
• Makes proper Credit Entries in B17 Bond Register depending on Category of Items received & updates Stores

Stocks:

• Updates the prescribed Registers i.e. Receipt of Indigenous / Imported Raw Material Register, Stock Register, Reject Register etc.

Production module

• Generates & Prints Issue Slips in any format specified for material issue from the Stores.
• Updates the prescribed Registers i.e. Daily Issue of Indigenous / Imported Raw Material, Stock Register of Capital Goods Spares Tools etc & the Stores Stock.
• Generates, Records & Prints Receipt Slip for Finished Products, Waste & Reject receipts from the Production Department.
• Updates the prescribed Registers i.e. Finish Products Register, Daily Receipt of Indigenous / Imported Raw Material Register, Daily Waste Register, Rejects Register, Daily Stock Account & Stores Stock.

Job work module

• Generates & Prints Job Work Challan in the format specified.
  
• Calculates duty amounts as per the Tariff Classification of the items & makes the proper Debit entries in the B17 Bond Register.
• Updates the Job Work Register, Daily Issue of Indigenous / Imported Raw Material Register & Stores Stocks.
• Records Receipted Items from the Job Worker against proper Delivery Challan / Duplicate copy of Job Work Challan.
• Provides for Automatic Reconciliation of the Job Work Challan.
• Makes the appropriate Credit entries in the B17 Bond Register for the quantities received.
• Updates the prescribed Registers i.e. Job Work Register, Daily Receipt of Indigenous / Imported Raw Material Register, Daily Waste Register, Rejects Register & Stores Stock.

Sales module

• Generates & Prints Custom Invoice, Packing List, Excise Invoice, ARE1, AR3A, in the format specified.
• Records, Generates & Prints TR6 Challan and updates PLA Register after endorsement of the TR6 Challan payments made.
• Calculates Duty Amounts as per the Tariff Classification (taking Customs Currency Exchange Rates prevalent) & makes Debit entries in the B17 Bond Register.
• Updates the proper Registers i.e. Export Sale Register, DTA Sale Register, Daily Stock Account Register etc

Stores Stocks.

• Provides for recording of the Shipping Bill particulars & Proof of Export.
  
• Makes Credit entries in the B17 Bond Register after receipt of Proof of Export.

Reports for EOU:

• B17 Bond working & comprehensive B17 Bond Register
• D 3 Register
• CT 3 Letter to the Superintendent
• CT 3 Register
• CT 3 Calculation Sheet
• Procurement Certificate
• Procurement Certificate Register
• Procurement Certificate Calculation Sheet
• Reports for Indigenous & Imported goods
• EOU Register
• Form RG 16 Register of Excisable Goods used for Special Industrial purpose and of commodities manufactured
• Annexure II summary of RG 16
• B1 bond Register
• ARE 1 Application Form for Removal of Excisable Goods for Export
• ARE 1 Certificate by the Central Excise Officer
• ARE 3 Application Form for Removal of Excisable Goods from a Factory or Bonded Warehouse to Another

Warehouse

• ARE 3 Certificate by The Certificate by The Central Excise Officer
• CT 3 Register
  
• Appendix 21 Register for Maintenance of Consumption & Stock of Imported Raw Material Components by the Actual Users
  
• Annexure 18 Performa of Running Bond Account
  
• Annexure 19 Part I for Removal of Export in the Current Month
• Annexure 19 Part II for Proof of Export Received for Earlier Quarters
• Annexure 19 Part III for ARE 1 not been Received by Exporter
• Annexure 19 Part IV for ARE 1 not been Received Under the Limit
• Annexure 19 Part V for Abstract of Bond
• Form ARE 2 Table 1 Details of Goods to be Exported
• Form ARE 2 Table 2 Details of Duty Paid Excisable Materials & Packing Material Used in Manufacturing of Export

Goods for Rebate

• Form ARE 2 Certificate by the Central Excise Officer
• Annexure I Removal of Goods at NIL Rate of Duty
• Bond 8 Register
• Rebate of Excise Duty on exported Goods Letter
• Declaration Letter
• Disclaimer Certificate
• Certificate / Undertaking Letter
• Proof of Export Under Bond Report
• Application for Rebate Part I Application of Rebate of Duty on excisable Goods Export by Air
• Application for Rebate Part II
• Daily Receipt of Imported Raw Material.
• Daily Issue of Indigenous Raw Material.
• Daily Issue of Imported Raw Material.
• Finished Products Register.
• Export Register DTA Sales Register
• Running Bond Register
• Procurement Certificate
• Transit Permit
• Form SDF
• Annexure C-I
• Covering Letter giving Intimation to BSR
• Details of Intimation to BSR
• Personal Ledger Account