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HomeProducts >  Tally.ERP 9 > Statutory Compliance
Statutory Compliance

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Statutory Compliance...!


India has a well-developed three-tier Federal tax structure comprising of the Union Government, the State Governments
and the Urban/Rural local bodies. Taxes and duties are levied by the three tiers of Government, in accordance with the
provisions of the Indian Constitution.

• The Union Government is primarily responsible for taxes on Income, Custom Duties, Central Excise and Service Tax

• State Governments are responsible for levying State Excise, Stamp Duty, VAT (Value Added Tax), Land Revenue and Professional Tax

• The local bodies are also authorised to impose tax on properties, Octroi and many more

Direct Taxes

Tax is paid directly to Government by the person on whom it is imposed. Ex: TDS, TCS etc.

Tally.ERP 9 supports the following direct taxes:

TDS

TCS

FBT

Indirect Taxes

The Tax whose burden can be shifted from the assessee to other person is known as Indirect Tax. Eg- VAT, CST, Service tax, Excise Duty, Custom Duty etc.

Tally.ERP 9 supports the following indirect taxes:

VAT

CST

Excise for Manufacturer

Excise for Traders

Service Tax


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