1. What is Genius software all about?

Answer: Need not to say much about this software however Genius does following works:

  • Gen-BAL (Balance Sheet): Prepares final accounts as per Revised Schedule VI.
  • Gen-IT (Income Tax): Prepares Computation and filling of online and offline returns.
  • Gen-CMA (Credit Monitoring and analysis): Prepares documents for availing loan such as estimated, projected and provisional final accounts for future on percentage and Ratio basis.
  • Gen-Form Manager: It contains various kinds of:
    • Affidavits
    • Agreements
    • Bonds
    • Deed
    • Will, etc.
  • And other applicable laws related documents.
  • Gen e-TDS (Tax deducted at source): Prepares all types of TDS returns for different deductee's and its rectification etc.
  • Gen-Service Tax: A complete version of Service tax compliances includes returns filling, abatements and Reports.
  • Gen-Wealth Tax: A complete solution for Wealth calculation as per the act and tax on the same.
  • Gen-FBT (Fringe Benefit Tax): Though it is abolished in current finance act but have all the features for calculation of FBT and its returns.
  • Gen-AIR (Annual Information Report): Prepares returns to be submitted by specific authorities on certain limit of transactions to TIN-NSDL for Income tax department.
  • Billing:
  • Other Utilities:
    • Document Manager
    • Telephone Directory
    • Client information
    • File Manager
    • Calculator
    • Back-up
    • Restore
    • Password Settings
    • Miscellaneous Information: such as all India Pin Codes, STD Codes, ISD Codes, List of TIN FCs, TAN/PAN-AO Codes, Bank Branches
      BSR Codes, Service Tax Ranges, MICR Codes, IFSC Codes, etc.
  • 2. Can I create client according to their status?

    Answer: Need not to say much about this software however Genius does following works:

    Individual HUF (Hindu undivided family) AOP (Associate of person)
    Proprietor firm Partnership firm Trust: (Charitable, Public and capable of holding property)
    Company (Private, Public, Part IX or Producer) Co-operative society BOI: Body of Individual
    Local Authority Artificial Judicial Person Banks

    3. Can I make Final Accounts according to Revised Schedule VI?

    Answer: Yes, you can make Final accounts as per latest Revised Schedule VI.

    4. Is there facility to make report of 3CA, 3CB, 3CD?

    Answer: Yes, there is facility of make the report of 3CA, 3CB, 3CD by following steps:

  • Final Accounts
  • Balance Sheet
  • Select client
  • Select Financial year
  • Select the option of 3CA, 3CB, 3CD
  • 5. Can I compute Income tax from this Software?

    Answer: Yes, from this software you can calculate income tax from with the option of Income Tax.

    6. Can I calculate TDS from this software?

    Answer: Yes, you can calculate TDS from this software from with the option of TDS.

    7. Can I calculate Service tax from this software?

    Answer: Yes, you can calculate service tax from this software with the option of service tax.

    8. Can I make Balance Sheet as per Revised Schedule VI?

    Answer: Yes. You can now prepare Balance sheet both in New and old versions of Schedule VI as per your requirement.

    9. Can I buy any part of this software individually?

    Answer: Yes, you can go for the options as per your requirement mentioned in FAQ: 1.

    10. What are the unique features of Gen BAL software?


  • Preparation of Audit Report, Trading A/c, Profit & Loss A/c,
  • Balance Sheet (as per Revised Schedule VI Format) by Transferring
  • Data from Tally, MS-Excel and many other software like Busy, NAC, TATA Ex, Focus, etc.
  • Preparation of Schedules sub-schedules and Lists.
  • Preparation of Depreciation chart as per Income Tax Act and Companies Act.
  • Miscellaneous Ratio Analysis.
  • 11. Is there Billing Facility?

    Answer: Yes, there is Billing Facility to maintain records of amount dues and received with ledger of clients fees for service rendered to them.

    12. Can I import data from other software?

    Answer: Yes, in there is facility to import data from other accounting softwares such as Tally, Busy, NAC, TataEx, ACE, MCS, Focus, etc.

    13. Can I file e-return by this software?

    Answer: Yes, from this software e-returns can be filed very easily.

    Income Tax (IT)

    1. What are the main features of Gen-IT software?

    Answer: This software complies all the provisions of the Income Tax Act, 1961. The Main features are listed as below:-

  • Preparation of Computation.
  • Filling of online Returns.
  • Apply for PAN.
  • Apply for correction of PAN.
  • Import TDS details from Form 26AS.
  • Reverse Tax Calculator.
  • 2. What is Income Tax?

    Answer: It is a tax imposed by the Government of India on anybody who earns income in India. This tax is levied on the strength of an Act called Income tax Act which was passed by the Parliament of India.

    3. What is the period for which a person's income is taken into account for purpose of Income tax?

    Answer: Income earned in the twelve months contained in the period from 1st April to 31st March (commonly called Financial Year [FY]) is taken into account for purposes of calculating Income Tax. Under the income tax Act this period is called a Previous year.

    4. What is an Assessment Year?

    Answer: It is the twelve-month period 1st April to 31st March immediately following the previous year [refer answer-4]. In the Assessment year a person files his return for the income earned in the previous year. For example for FY: 2008-09 the AY is 2009-10.

    5. Who is supposed to pay Income Tax?

    Answer: Any Individual or group of Individual or artificial bodies who/which have earned income during the previous years are required to pay Income tax on it. The IT Act recognizes the earners of income under seven [7] categories. Each category is called a Status. These are Individuals, Hindu Undivided Family [HUF], Association of Persons [AOP], Body of individuals [BOI], Firms, Companies, Local authority, artificial juridical person.
    When Companies pay taxes under the Income tax Act it is called corporate tax.

    6. Is Income tax Act applicable only to residents?

    Answer: No, The Income tax Act applies to all persons who earn income in India. Whether they are resident or non-resident.

    7. Who is a resident?

    Answer: If an individual stays in India for 182 days or more in a year, he is treated as resident in that year regardless of his citizenship. If the stay is less than 182 days he is a non-resident.

    8. How can I know whether a company is resident or non-resident?

    Answer: A company is considered as resident if it is incorporated under the Indian Companies Act. A foreign company can also become a resident if the control and management of its affairs is done entirely in India during the previous year.

    9. How is resident/ non-resident status relevant for levy of income tax?

    Answer: In case of resident individuals and companies, their global income is taxable in India. However non-residents have to pay tax only on the income earned in India or from a source/activity in India.

    10. I am an Indian citizen and engineer by Profession, who had gone abroad on a government project. Should my return of income include income earned/received abroad?

    Answer: It depends on your residential status. If you are a resident all incomes earned globally are taxable. Therefore the same needs to be included in the return. However if any tax is paid on that income in the foreign country, you will get credit for the same subject to DTAA rules with that foreign country.

    11. What is a return of income?

    Answer: It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income is communicated to the Income tax department after the end of the financial year. Different forms are prescribed for filing of returns for different Status and Nature of income.

    12. How can I know which form is applicable for my income?

    Answer: You should choose a return form according to your status and nature of income from the following:

    ITR1 For Individuals having Income from Salary/ Pension/ family pension & Interest
    ITR2 For Individuals and HUFs not having Income from Business or Profession
    ITR3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
    ITR4 For individuals & HUFs having income from a proprietary business or profession
    ITR5 For firms, AOPs and BOIs
    ITR6 For Companies other than companies claiming exemption under section 11
    ITR7 For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
    ITR8 Return for Fringe Benefits
    ITRV Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature

    13. Whether this software is capable to calculate the tax as per the status of assessee?

    Answer: Yes. In this software tax is automatically calculates for following assesses:

  • Individual
  • Resident female
  • Senior Citizens (Aged 60 years and above but below 80)
  • Super-Senior Citizens (Aged 80 years and above)
  • Non-Resident Indian assessee
  • Any other Individual(s)
  • Hindu Undivided Family [HUF]
  • Association of Persons [AOP]
  • Body of individuals [BOI]
  • Firms
  • Companies
  • Local authority and
  • Artificial juridical person.
  • 14. Whether we can file the online return through this software?

    Answer: Yes. You can file the online return through this software and while doing the same it shows all the errors of validation and one can rectify it then and there.

    15. How to insert the details of capital gain arise on unlisted securities?

    Answer: Yes. There is a separate option for listed securities but for the unlisted securities there is option of long term capital gain and short term capital gain. Under this option the details of both unlisted securities and other assets are to be inserted manually by the name of such security.

    16. If the details of both unlisted securities and other assets are inserted under same option then how it will identify that the asset is long term or short term?

    Answer: Yes. When you fill the details of unlisted securities under long term capital gain being the shares holds for a period of more than 12 months. The software check the condition of 36 months, when you click on the save button then one message will be displayed as

    "Type of capital gain is Short Term.
    Do you want to save this asset as Short Term Capital Gain?"
    Then click on "No" and the asset will be saved as Long term capital asset.

    17. Is there is any option or provision about the DTAA (Double Tax Avoidance Agreement)?

    Answer: Yes. In the software there are provisions about section 90, 90A, and 91. You can claim relief under above mentioned sections through this software.

    18. Whether the software is capable to calculate the deduction u/s 80G where the qualifying limit is applicable?

    Answer: Yes. It calculates the limit automatically and gives you the exempted and taxable amount in computation.

    19. Whether the software complies about the provisions of section 44AD (for the firm who is not maintaining proper books of accounts)?

    Answer: Yes. There is a compliance of section 44AD. In case of a firm, where the interest, salary and remuneration will be allowed after selecting higher between profits declared by the assessee at his own and deemed profits u/s 44AD. The tax will be calculated on whichever is higher basis depending upon the assessee.

    20. Is there any provision about the MAT calculation in case of company assessee?

    Answer: Yes. Through the software MAT (Minimum alternative tax) u/s 115 JB is automatically calculated.

    21. Is there any facility of e-payment?

    Answer: Yes. Through the software you can pay self assessment tax, advance tax etc.

    22. What are the due dates for filing returns of income/loss?

    Answer: The due dates are as follows:

    Companies & their Directors 31st October
    Other business entities, other than companies, if their accounts are auditable & their working partners 31st October
    In all other case 31st July

    23. Can a return be filed after the due date?

    Answer: Yes. It may be furnished at any time before the expiry of two years from the end of the financial year in which the income was earned. For example, in case of income earned during FY 2007-08, the belated return can be filed before 31st March 2010.

    24. If I have paid excess tax for any client how and when will it be refunded?

    Answer: The excess tax can be claimed as refund by filing your relevant income tax return. It will be refunded by issue of cheque or by crediting to your bank account and both options are given in this software. The department has been making efforts to settle refund claims within four months from the month of filing return.

    25. If I have committed any mistake in client's original return, am I permitted to file a corrected return?

    Answer: Provided the original return has been filed before the due date and provided the department has not completed assessment. However it is expected that the mistake in the original return is of a genuine and bona fide nature.

    Balance Sheet

    1. What is "Gen-Bal"?

    Answer: Gen-Bal i.e. Balance Sheet is a part of our Genius Software in which one can prepare its Final Accounts by importing the data in many ways in form of Trial Balance and then preparation of Trading Account, Statement of Profit and Loss and Balance Sheet as per latest Revised Schedule VI changes within it. Moreover it has following options:

  • Modify Trial Balance
  • Form 3CA/CB
  • Form 3CD New (with Wizard)
  • 3CD Annexures
  • 3CD Schedules
  • Notice
  • Director's Report
  • Company Auditor Report
  • CARO Report
  • Notes and Accounts
  • Balance Sheet Abstract
  • Ratio Analysis
  • Annual Report
  • Receipt & Payment Account
  • Miscellaneous Certificates & Letters
  • 2. Do this has the New Revised Schedule Changes in preparation of Final Accounts?

    Answer: This has the formats of both New Revised Schedule VI as well as old Schedule VI.

    3. How can I make changes according to New Revised Schedule VI?

    Answer: The classification of Assets and Liabilities and their respective heads have been changed in Revised Schedule VI so one has to import which element is classified in what category.

  • e.g. If there is any Intellectual property Rights such as Patents, copyrights etc. are there you need to specify it as:
  • Non-Current Assets > Fixed Assets > Intangible Assets > Patents
  • (For more details please take demo of our software and see presentation Link given here).
  • 4. From where can I Import my accounting data?

    Answer: We have given this option to import the data from the list of accounting softwares given in our software as well as from our Excel template.

    5. Can I prepare Cash Flow and Fund Flow Statement through this?

    Answer: Yes, you can prepare Cash Flow Statement with both Direct and Indirect Methods and can also prepare Fund flow statement.

    6. If the similar classification will be effective for XBRL revised Taxonomy as per Revised Schedule-VI?

    Answer: Yes, as these changes are made as per the New Revised Schedule VI in format of Statement of Profit and Loss and Balance Sheet, it will be helpful in XBRL filling with revised taxonomy as well.


    1. What is CMA data?

    Answer: The full form of CMA is "Credit Monitoring Analysis" For arranging working capital finance information about income, expenses, assets & liabilities is required to be given in a specific format to the bank by applicant. This specific format is referred to as CMA Report / CMA Data.

  • Audited Profit and Loss (P & L) account & Balance Sheet of at least last one year
  • Estimates of current year
  • Provisional (or) projections of next at least 2 years or more.
  • are provided to bank by the applicant along with Funds Flow Statement, Ratio Analysis, Comparative Statement of Current Assets & Current Liabilities & Statement of Maximum Permissible Bank Finance.
  • Number of years for which data is required may vary from bank to bank. Even after getting the finance such data is required to be submitted to the bank periodically.
  • 2. What is an EMI?

    Answer: An equated monthly installment (EMI) is what you pay every month towards repayment of your loan (or) Insurance booked. Your Loan EMI depends on the loan amount, the rate of interest and the tenure of the loan. For a given loan amount and interest rate, your EMI can be lower if you increase the loan tenure.

  • Check out our Loan EMI Calculator to find out by how much you can reduce your present EMI by increasing the loan tenure. Of course, keep in mind that banks will allow you to increase the tenure only up to your retirement age.
  • Your EMI comprises an interest component and a principal component. Use the EMI calculator to find out how much EMI you would have to pay on your loan and how much of the total repayments will contribute to interest and how much to principal.
  • 3. What are the other features in this CMA/EMI calculator?

    Answer: In day to day routine our clients need to solve queries of their end clients by providing optimum solutions to their problems keeping the same thing in mind we have given add on features as:

  • Depreciation:
  • ■ SLM (Straight Line method)
  • ■ WDV (Written Down value Method)
  • Investment Maturity
  • Interest calculation
  • Present Value
  • EMI
  • Converter
  • <

    4. What are the different types of Loans and insurance for which EMI can be calculated?


  • Loans:
  • Home Loan
  • Personal Loan
  • Car Loan
  • Education Loan
  • Loan against Property (Mortgage or Collateral)
  • Credit Card
  • Insurance:
  • Life Insurance
  • Health Insurance
  • Car Insurance, etc.
  • 5. What are the different ways in which CMA data can be prepared?

    Answer: There could be two possibilities of preparing projections for future:

  • 1. Ratio basis
  • 2. Percentage basis
  • 6. How Ratio basis is differ from percentage basis CMA?

    Answer: Ratio analysis is generally more in practice these days as it gives wide view of financial analysis of a business prospect and is advance from percentage method as it provides following enhanced analysis:

  • Trading and Profit & Loss account
  • Balance sheet
  • Fund Flow
  • Comparative Ratio Analysis (Ratio Wizard)
  • Form Manager

    1. What is Form Manager?

    Answer: Form Manager is a tool for professionals for creating and executing documents as mentioned below and to collect and provide the same to their end clients in their routine business dealings legally.

  • Affidavits
  • Agreement
  • Bonds
  • Central Excise
  • Company Law
  • Compromise and Settlements
  • FEMA
  • Foreign Collaboration
  • Gift
  • Hire Purchase
  • Income Tax
  • Indemnity
  • Lease and License
  • Mortgage and Pledge
  • Notices
  • Partition
  • Partnership
  • Power of Attorney (POA)
  • Sale
  • Service Tax
  • Wealth Tax
  • Will
  • 2. What if I want to add or delete any desired Category of documents?

    Answer: Yes. You can add and delete your desired category name of documents and file in word format and can be retrieved and removed respectively when required the same.

    3. Can I buy only this version of yours, as of my current requirement?

    Answer: Yes, "Gen-Form Manger" is also available separately from "Genius" software. Please contact at our office.

    e-TDS(Tax Deducted at Source)

    1. What is annual e-TDS/TCS Return and whether it can be filled from your software?

    Answer: Yes it can be filled from our software Gen e-TDS. Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (prepared in Form No. 27E), which is prepared in electronic media as per prescribed data structure. Such returns furnished in a CD/Pen Drive should be accompanied by a signed verification in Form No. 27A in case of Annual TDS returns or Form No. 27B in case of Annual TCS return.

    2. What is quarterly e-TDS/TCS statement and whether it can be prepared by this software?

    Answer: Yes. TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements. As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards. The forms used for quarterly e-TDS statements are Form Nos. 24Q, 26Q and 27Q and for quarterly e-TCS statement is Form No. 27EQ. These statements filed in CD/Pen Drive should be accompanied by a signed verification in Form No. 27A in case of both e-TDS/TCS statements.

    3. What are the forms to be used for filing annual/quarterly TDS/TCS returns?

    Answer: Following are the forms for TDS/TCS returns and their periodicity:

    Form No. Particulars Periodicity
    Form No. 24 Annual return of 'Salaries' under Section 206 of Income Tax Act, 1961 Annual
    Form No. 26 Annual return of deduction of tax under section 206 of Income Tax Act, 1961 in respect of all payments other than 'Salaries' Annual
    Form No. 27 Statement of deduction of tax from interest, dividend or any other sum payable to certain persons Quarterly
    Form No. 27E Annual return of collection of tax under section 206C of Income Tax Act, 1961 Annual
    Form No. 24Q Quarterly statement for tax deducted at source from 'Salaries' Quarterly
    Form No. 26Q Quarterly statement of tax deducted at source in respect of all payments other than 'Salaries' Quarterly
    Form No. 27Q Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents Quarterly
    Form No. 27EQ Quarterly statement of collection of tax at source Quarterly

    4. What is Form No. 27A?


  • Form No. 27A is a control chart of quarterly e-TDS/TCS statements to be filed in paper form by deductors/collectors along with quarterly statements. It is a summary of e-TDS/TCS returns which contains control totals of 'amount paid' and 'income tax deducted at source'. The control totals of 'amount paid' and 'income tax deducted at source' mentioned on Form No. 27A should match with the corresponding control totals in e-TDS/TCS return. A separate Form No. 27A is to be filed for each e-TDS/TCS return.
  • In case of Annual Returns the relevant control charts are Form 27A for e-TDS and Form 27B for e-TCS.
  • 5. By whom should the control chart Form 27A be signed?

    Answer: Form 27A is the summary of the TDS/TCS statement. It has to be signed by the same person who is authorized to sign the TDS/TCS statement in paper format.

    6. What is the data structure (file format) for preparing e-TDS/TCS return?

    Answer: e-TDS/TCS return should be prepared in accordance with the data structure (File Format) prescribed by the e-filing administrator. Separate data structure has been prescribed for each type of form whether it is annual return (up to FY 2004-05) or Quarterly return (FY 2005-06 onwards).

    7. What is Challan Serial Number given by the Bank?

    Answer: Bank Challan Number is a receipt number given by the bank branch where TDS is deposited. A separate receipt number is given for each challan deposited. You are required to mention this challan number in the e-TDS/TCS return and not the preprinted numbers on the bank challan form i.e. ITNS 269 or ITNS 271.

    8. What is 'Bank Branch Code'? Where do I get it from?

    Answer: Reserve Bank of India has allotted a unique seven-digit code to each bank branch. You are required to mention the code of the bank branch where TDS is deposited in the e-TDS/TCS return. You can get this code from the bank branch where TDS amount is deposited (and) we have mentioned the same in

  • Other Utilities > Miscellaneous Information > Bank BSR Codes.

  • 9. Is it mandatory to mention Tax Deduction Account Number (TAN) in e-TDS/TCS return?

    Answer: Yes, it is mandatory to mention the 10 digit reformatted (new) TAN in your e-TDS/TCS return.

    10. Can I file Form No. 26Q separately for contractors, professionals, interest etc.?

    Answer: No. A single Form No. 26Q with separate annexures corresponding to each challan payment for each type of payment has to be filed for all payments made to residents.

    11. Is the Challan Identification Number compulsory?

    Answer: Yes. Challan Identification Number is necessary for all non-Government deductors.

    12. Is PAN mandatory for deductors and employees/deducts?

    Answer: PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deduces failing which credit of tax deducted will not be given.

    13. What are the due dates for filing quarterly TDS Returns?


    Quarter Due date for Form No.24Q & 26Q Due date for Form No.27Q Due date for Form No.27EQ
    1) April to June 15 July 15 July 15 July
    2) July to September 15 October 15 October 15 October
    3) October to December 15 January 15 January 15 January
    4) January to March 15 May 15 May 15 May

    14. Is the procedure of filling e-TCS different from that of filing e-TDS return?

    Answer: The procedure for filing of e-TCS return is the same as that of e-TDS return except the forms to be used is different. The relevant forms for filing the e-TCS return are:

  • a) Annual Return: Form No. 27E, 27B (Control Chart)
  • b) Quarterly statement : Form No 27EQ, 27A (Control Chart).
  • The e-TCS returns are also to be filed with NSDL at the various TIN-FCs.
  • 15. If I face any difficulty in filing of e-TDS return where can it approach for help?

    Answer: The details regarding the help required for filing of e-TDS are available on the Income-Tax Department website and the NSDL-TIN website. And we are also available for all related help in the e-filing of TDS returns through our software.

    16. What is 26AS statement?

    Answer: The annual statement (Form No. 26AS) will be issued for all tax deducted and tax collected at source from FY 2005-06 onwards after the expiry of the financial year. You can get it within our software by downloading.

    Service Tax

    1. What is Service Tax and who pays this tax?


  • Service tax is, as the name suggests, a tax on Services. It is a tax levied on the transaction of certain services specified by the Central Government under the Finance Act, 1994.
  • It is an indirect tax (akin to Excise Duty or Sales Tax) which means that normally, the service provider pays the tax and recovers the amount from the recipient of taxable service.
  • 2. Who is liable to pay service tax?

    Answer: Normally, the 'person' who provides the taxable service on receipt of service charges is responsible for paying the Service Tax to the Government (Sec.68 (1) of the Act).

  • However, in the following situations, the receiver of the Services is responsible for the payment of Service tax:
  • Where taxable services are provided by Foreign Service providers with no establishment in India, the recipient of such services in India is liable to pay Service Tax.
  • For the services in relation to Insurance Auxiliary Service by an Insurance Agent, the Service Tax is to be paid by the Insurance Company
  • For the taxable services provided by a Goods Transport Agency for transport of goods by road, the person who pays or is liable to pay freight is liable to pay Service Tax, if the consignor or consignee falls under any of the seven categories viz. (a) a factory (b) a company (c) a corporation (d) a society (e) a co-operative society (f) a registered dealer of excisable goods (g) a body corporate or a partnership firm.
  • For the taxable services provided by Mutual Fund Distributors in relation to distribution of Mutual Fund the Service Tax is to be paid by the Mutual Fund or the Asset Management Company receiving such service.
  • [Refer: Sec. 68(2) of the Act read with Rule 2(1)(d) of the Service Tax Rules, 1994.]
  • 3. Under what authority service tax is levied?

    Answer: Vide Entry 97 of Schedule VII of the Constitution of India, the Central Government levies service tax through Chapter V of the Finance Act, 1994. The taxable services are defined in Section 65 of the Finance Act, 1994. Section 66 is the charging section of the said Act.

    4. What are the Taxable Services, can I have a list of such services within this software?

    Answer: Yes. List is available within our software as per Taxable Services which have been specified under Section 65(105) of the Finance Act, 1994. All the taxable services as on 01.05.2011 are listed in Appendix-1. The list also shows the relevant Accounting Heads required to be mentioned on the tax payment documents (GAR-7), while depositing the Service Tax and other related dues in the banks.

    5. What is the rate of Service Tax?

    Answer: At present, the effective rate of Service Tax is 12.36% on the value of the taxable service. The above effective rate comprises of Service Tax @12% payable on the "gross value of taxable service", Education Cess @ 2% on the service tax amount, and Secondary and Higher Education Cess @ 1% on the service tax amount.

    6. For what exactly can ACES be used?

    Answer: We do have a direct login within our software to ACES website and following options are available through it:

  • Online registration and amendment of registrations details.
  • Electronic filing of documents such as returns, claims, letter for permission/ intimation etc.
  • Online tracking of status of applications filed for claims, permission/ intimation etc.
  • Online facility to view documents like Registration Certificates, Returns, Show Cause Notice, Order-in-Original etc.
  • 7. How will I know if I have filled my returns correctly?

    Answer: On the website of ACES (i.e. Automation of Central excise and Service tax) one can view and verify the return submitted by him by directly logging on site from our software and then going to Return > View ST-3.

    8. How can I amend or change my saved ST-3 Return?

    Answer: You can access saved ST-3 Return for amendment by clicking on 'amend ST-3' option of Fill ST-3 submenu under 'Return' menu. Once ST-3 Return is submitted in ACES, it cannot be amended again.

    9. How can I revise my ST-3 Return?

    Answer: You can revise your ST-3 return once within 90 days after filing the original return, in our software you can do so by clicking on 'Revise ST-3' option of Fill ST-3 submenu under Return menu.

    10. What is downloadable utility?

    Answer: In ACES the Assessee can file his returns online by filling up the web-form or by using downloadable utility available in ACES website. Downloadable utility is an offline utility which can be downloaded, filled off-line and submitted on-line. The generated XML file should be uploaded into ACES.

    11. Is PAN allotted by the Income Tax Department a must for obtaining Service Tax Registration?

    Answer: Having PAN is essential because the Service Tax Code/Registration number is generated based on the PAN issued by the Income Tax Department. The PAN based Service Tax Code/Registration number is a must for payment of service tax using the G.A.R. 7 Form.

    12. What is pre-requisites for filling data in this utility?

    Answer: Following are prerequisites for filing data in offline utility:

  • The version of Microsoft Excel in your system should be Microsoft Office Excel 2003 and above
  • Make sure that you have downloaded the latest Excel Utility from ACES website / application to your local system
  • Please enable the Macros (if disabled) as per the following instructions:
  • -On the Tools menu, point to Macro, and then click Security.
  • -Click on either Medium or High to select the 'Security Level'.
  • -On the Trusted Publishers tab, select the Trust all installed add-ins and templates check box.
  • Please make sure that your System Date is correct.
  • 13. What are the steps for filing Return through offline utility?

    Answer: The steps are as follows:

  • Fill up the Return data: Navigate to each field of every section in the sheet to provide applicable data in correct format. (Formats will get reflected while filling data.)
  • Validating Sheets: Click on the ''Validate this sheet" button to ensure that the sheet has been properly filled and also data has been furnished in proper format. If there are some errors on the sheet, the Utility will prompt you about the same. In such cases, the offline utility will not allow you to proceed further until you rectify the errors.
  • Generate XML: There is "Validate Return and Submit" button on last sheet "Challan" for validating all the entries in your return. If you click on this button, Utility will validate all the sheets one by one and also perform inter-sheet validations. After validation, an XML will be generated. In case there is some error identified on some sheet, the utility will prompt you about the same and lead you to the respective sheet(s).
  • Both files are saved in the same folder of your system where Efiling Utility is placed/ saved (while downloading the e-filing utility).
  • Upload XML file to ACES application: For uploading the XML generated by the E-filing Utility, login to ACES application and access menu option to upload generated xml file of Return. On Upload screen provide the required information and browse to select the relevant XML file and submit the form.
  • 14. How do I file NIL return in offline utility?

    Answer: There is an Option for NIL Return in the first sheet. In case you are filing a NIL Return then change this option to "Yes". On selection of "Yes" option, a utility will ask you to freeze the option and then delete all the sheets that are not applicable.

    15. In ST-3 Offline Utility when I enter premises code, an error appears "Premises code Number accepts only 10 digits alphanumeric characters". Please help.

    Answer: Please ensure that you enter 10 characters premises code. System does not allow less than or more than 10 characters code. This code can be alphanumeric (all numeric, all alphabetic or alphanumeric). The structure of 10 characters premises code is combination of [Location Code of 6 characters + 4 alphanumeric characters].

  • User can check the premises code through RETURN > Fill ST-3 > Fill (Check premises code here).
  • 16. How do I upload my offline return?


  • You can browse and upload offline return (XML file) by logging into ACES with your user-id and password and navigating in the ACES website in the following manner:
  • Return > e-Filing >Upload File (In case of ST-3) or direct through our software.
  • 17. How can I pay duty through online payment process?

    Answer: You can pay your duty through e-payment option on ACES homepage provided you have net-banking account with any of the banks listed in the ACES website. The listed banks will be displayed in a separate page once you click on e-payment option in ACES homepage. By clicking "Please click here" hyperlink in this page you will be taken to e-payment gateway through which you can make e-payment (OR) you can go to e-payment option in our software which is auto linked with ACES so you will be able to do e-payment after inserting challan details.

    18. How can I utilize my cenvat credit available?

    Answer: Yes, you can do so with our software by going to "Cenvat credit" option you have to insert details of Cenvat credit available for the quarter /month, which you want to adjust in respect of payment due.

    19. Whether details of abatement and notification are required to insert each and every time in calculation of service tax due.

    Answer: No, we have already updated our software with latest updations and notifications provided by the department .but in case of special abatement on particular service of yours you can add details of abatement and notifications on your own in our abatement section.

    20. Is the value added tax imposed by States required to be included for the purpose of service tax?

    Answer: For the purpose of service tax, State Value Added Tax (VAT) has to be excluded from the taxable value.

    21. What are the statutes governing the taxation relating to Service Tax?

    Answer: The Statutes governing the levy of Service Tax are as follows:

  • The Finance Act, 1994 - Chapter V - Section 64 to 96 I. (Also referred to as "Act" in the book). This chapter extends to the whole of India except the State of Jammu and Kashmir.
  • The Finance Act, 2004 Chapter VI - for levy of Education Cess @ 2% on the Service Tax.
  • The Finance Act, 2007 – for levy of Secondary and Higher Education Cess of 1% on Service tax.
  • The Service Tax Rules, 1994. (Also referred to as "Rules" or "STR, 1994" in the book).
  • The CENVAT Credit Rules, 2004.
  • The Export of Service Rules, 2005.
  • The Service Tax (Registration of Special categories of persons) Rules, 2005.
  • The Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 (with effect from 19th April, 2006) – Notification No. 11/2006-ST dated 19.4.2006 as amended vide Notfn.No.31/2007 – ST dated 22.05.2007.
  • The Service Tax (Determination of Value) Rules, 2006 (with effect from 19th April, 2006) – Notification No. 12/2006-ST dated 19.4.2006 as amended vide Notfn.No.24/2006 – ST dated 27.06.2006 and Notfn.No.29/2007-ST, dated 22.05.2007.
  • Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007-Notification No. 32/2007-Service Tax dated 22nd May, 7 as amended by Notification No. 07/2008-St dated 1st March, 2008.
  • Service Tax (Removal of Difficulty) Order, 2010 effective from 22.6.2010.
  • Point of Taxation Rules 2011.
  • 22. What should be done in case of change in the office/place of business?

    Answer: Any change in premises/office, as mentioned in Form ST-1, should be intimated to jurisdictional Assistant/Deputy Commissioner Central Excise and it is given in our software.

    23. When is Service Tax is required to be paid?

    Answer: 1. If Payment made through Bank:

    Category Frequency Due Dates
    In case of Individuals,
    Proprietary Firms &
    Partnership Firms
    Quarterly as mentioned below -
    (i) For Q.E. 30th June
    (ii) For Q.E. 30th Sept.
    (iii) For Q.E. 31St Dec.
    (iv) For Q.E. 31st March
    - by 5th July
    - by 5th Oct
    - by 5th Jan.
    - by 31st March
    Others (e.g. Companies, Societies, Trusts etc.) Monthly By 5th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of March, the payment should be made by 31st March.
  • 2. If Payment is made through internet:
  • Category Frequency Due Dates
    In case of Individuals,
    Proprietary Firms &
    Partnership Firms
    Quarterly as mentioned below -
    (i) For Q.E. 30th June
    (ii) For Q.E. 30th Sept.
    (iii) For Q.E. 31St Dec.
    (iv) For Q.E. 31st March
    - by 6th July
    - by 6th Oct
    - by 6th Jan.
    - by 31st March
    Others (e.g. Companies, Societies, Trusts etc.) Monthly By 6th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of March, the payment should be made by 31st March.

    24. What is GAR-7 Challan? Where is it available?

    Answer: GAR-7 Challan is the document for payment of service tax. GAR-7 Challan is available in our software.

    25. Can service tax be paid by cheque?

    Answer: Yes, service tax can be deposited by cheque. [Rule 6(2A) of Service Tax Rules,1994]

    26. What are the returns a Service tax Assessee has to file?


  • ST-3 Return: For all the registered assessee, including Input Service Distributors, (Ref. Section 70 of Finance Act 1994 and Rule 7 of Service Tax Rules, 1994 read with Notfn.No. 14/2007-ST dated 02.04.2007).
  • ST-3A Return: The assessee who is making provisional assessment under rule 6(4) of the Service Tax Rules, 1994.
  • And all These Forms are available in our software.
  • 27. Is there any penalty for non-filing or delayed filing of the Returns?


  • If a person fails to file the ST-3 Return by the due date [25th October and 25th April every year], he shall be liable to penalty which may extend to Rs. Ten thousand rupees (Section 77 of the Act)
  • Mandatory Penalty for Late filing of ST-3 Return under Rule 7C of Service Tax Rules, 1994 (Section 70 of the Act)
  • S. No. Period of Delay from the prescribed date Penalty
    1. 15 days Rs.500/-
    2. Beyond 15 days but not later than 30 days Rs.1000/-
    3. Beyond 30 days Rs.1000/- plus Rs. 100/- for every day from the thirty first day till the date of furnishing the said return (not exceeding Rs.20000)

    28. What is the procedure for claiming refund?

    Answer: Please follow below mentioned steps for Refund Calim:

  • (1) Application in the prescribed form (Form - R) is to be filed in triplicate with the jurisdictional Asst./Deputy Commissioner of Central Excise/Service Tax.
  • (2) The application should be filed within one year from the relevant date as prescribed in Section 11B of the Central Excise Act, 1944 which has been made applicable to Service Tax refund matters also.
  • (3) Application should be accompanied by documentary evidence to the effect that the amount claimed as refund is the amount actually paid by him in excess of the Service Tax due and the incidence of such tax claimed as refund has not been passed on to any other person.
  • 29. What is CENVAT Credit Scheme with reference to Service Tax assessees?

    Answer: The CENVAT Credit Rules, 2004, introduced with effect from 10.9.2004, provides for availment of the credit of the Service Tax paid on the input services/Central Excise duties paid on inputs/capital goods/Additional Customs duty leviable under section 3 of the Customs Tariff Act, equivalent to the duties of excise. Such credit amount can be utilized towards payment of Service Tax by an assessee on their output services. (Refer to Rule 3 of CENVAT Credit Rules, 2004). Such credit availed by a manufacturer can also be utilized for discharging their liability towards Service Tax and / or Central Excise duties [Refer Rule 3 of CENVAT Credit Rules, 2004 read with Notfn.,No.27/2007-CE(NT) dated 12.05.2007].

    30. What are the duties / taxes that can be availed as credit?

    Answer: As mentioned in answer of Query 29, Duties paid on the inputs and capital goods, and the Service Tax paid on the "input" services can be taken as credit.

  • Education Cess paid on the Excise duty and Service Tax can also be taken as credit. However, the credit of such Education Cess availed can be utilized only for payment of Education Cess relating to output service.
  • The interest and penalty amounts cannot be taken as credit.
  • 31. What are the documents prescribed for availment of the CENVAT Credit?

    Answer: The documents on which CENVAT credit can be availed are as follows:-

  • (1) Invoice issued by the manufacturers and his depot/ consignment agents.
  • (2) Invoice issued by the Importer and his depot/consignment agents
  • (3) First stage and Second stage dealer registered with the Central Excise Department.
  • (4) Bill of Entry
  • (5) Invoice/Bill/Challan issued by the provider of input Services
  • (6) Invoice/Bill/Challan issued by the Input Service distributor.
  • (7) Certificate issued by the Appraiser of Customs in respect of the goods Imported through Foreign Post Office.
  • A Challan evidencing payment of service tax by a person liable to pay service tax in the service category of auxiliary insurance, goods transport, recipient of service from a foreign country and sponsorship.
  • FBT (Fringe Benefit Tax)

    1. What do you mean by Fringe Benefit?


  • A Fringe Benefit is a 'payment' to an employee, but in a different form to salary or wages.
  • According to the fringe benefits tax (FBT) legislation, a fringe benefit is a benefit provided in respect of employment. This effectively means a benefit is provided to somebody because they are an employee. The 'employee' may even be a former or future employee.
  • An employee is a person who is entitled, or has been entitled, to receive salary or wages. Benefits provided in respect of someone who has died are not fringe benefits as a deceased person does not meet the definition of 'employee' in the FBT legislation.
  • 2. What are such benefits?

    Answer: The terms benefit and fringe benefit have broad meanings for FBT purposes. Benefits include rights, privileges or services. For example, a fringe benefit may be provided when an employer:

  • allows an employee to use a work car for private purposes
  • gives an employee a cheap loan
  • pays an employee's gym membership
  • provides entertainment by the way of free tickets to concerts
  • reimburses an expense incurred by an employee, such as school fees
  • gives benefits under a salary sacrifice arrangement with an employee.
  • 3. Is it currently applicable in India?

    Answer: The Fringe Benefits Tax (FBT) was the tax applied to most, although not all, fringe benefits in India. A new tax was imposed on employers by India's Finance Act 2005 was introduced for the financial year commencing April 1, 2005. The fringe benefit tax was abolished in the 2009 Union budget of India by Finance Minister Pranab Mukherjee.

    4. What items are covered under FBT?

    Answer: The following items were covered:

  • Employer's expenses on entertainment, travel, employee welfare and accommodation. The definition of fringe benefits that have become taxable has been significantly extended. The law provides an exact list of taxable items.
  • Employer's provision of employee transportation to work or a cash allowances for this purpose.
  • Employer's contributions to an approved retirement plan (called a superannuation fund).
  • Employee stock option plans (ESOPs) have also been brought under fringe benefits tax from the fiscal year 2007–08.
  • AIR (Annual Information Report)

    1. What do you mean by AIR?


  • Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registered or recorded by them during the financial year. The due date of filing of the return is the 31st of August of the year given in Query No.3.
  • The 'specified persons' and the 'specified transactions' are listed in Rule 114E of the Income-tax Rules, 1962. Briefly, these are as mentioned under Query No.3.
  • 2. What type of Entries to be reported under AIR (annual Information Report)?

    Answer: Usually the transactions are to be reported by Banks, Financial Institutions and others these are as mentioned below:

  • 1) Cash deposits aggregating to Rs. 10 Lacs and more in a year in any savings account of a person maintained in a banking co. to which Banking Regulation Act, 1949.
  • 2) Payment made by any person against bills raised in respect of credit aggregating to Rs. 2 Lacs or more in a year.
  • 3) Receipt from any person of an amount of Rs.2 Lacs or more for purchase of Units of mutual funds.
  • 4) Receipt from any person of an amount of Rs.5 Lacs or more for acquiring bonds or debentures issued by a company or institution.
  • 5) Receipt from any person of an amount of Rs.1 Lac or more for acquiring shares issued by a company.
  • 6) Purchase by any person of Immovable property valued at Rs.30 Lacs or more.
  • 7) Sale by any person of Immovable property valued at Rs.30 Lacs or more.
  • 8) Receipt from any person of an amount of Rs. 5 Lacs or more in any financial year for investments in bonds issued by RBI (Reserve Bank of India).
  • 3. Can you tell us the date of its effectiveness and who has to report?


    S. No. Class of Person Nature and Value of Transaction Clarification by Central Board of Direct Taxes vide Circular No.07/2005 dated 24 Aug,2005(4)
    1. A Banking Company to which the Banking Regulation Act, 1949(10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act). Cash Deposits aggregating to 10 Lac rupees or more in a year in any savings account of a person maintained in that bank. Only the aggregate of all the cash Deposits in the savings account of a person to be reported as one transaction and the date of the transaction is to be the last date of the financial year i.e. 31.03.2005 in respect of F.Y. 2004-2005
    2. A Banking Company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or any other Company or institution issuing credit card. Payments made by any person against bills raised in respect of a credit card issued to that person, aggregating to two lakh rupees or more in the year. Only the aggregate of all the payments by a person to the credit card company is required to be reported as one transaction and date of transaction is to be the last date of the financial year i.e. 31.03.2005 in respect of FY 2004-05.
    3. A trustee of a Mutual Fund or such other person managing the affairs of the Mutual Fund as may be duly authorized by the trustee in this behalf. Receipt from any person of an amount of two lakh rupees or more for acquiring units of that fund. The amount actually received from the transacting party and not the amount relating to allotment is to be reported.
    4. A Company or institution issuing bonds or debentures. Receipt from any person of an amount of five lakh rupees or more for acquiring bonds or debentures issued by the Company or institution. The amount actually received from the transacting party and not the amount relating to allotment is to be reported.
    5. A Company issuing shares through public or rights issue. Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the Company. The amount actually received from the transacting party and not the amount relating to allotment is to be reported.
    6. Registrar or Sub Registrar appointed under section 6 of the Registration Act, 1908 Purchase or sale by any person of immoveable property valued at thirty lakh rupees or more. There may be certain situations where the transaction in respect of property valued at thirty lakh rupees involves joint parties and value for one or more parties is less than rupees thirty lakh. In such situations, all such transactions are to be reported in respect of all the joint parties even though the value of transaction in the hands of one or more of the joint parties is less than the threshold limit.
    7. A person being an officer of the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 who is duly authorized by the Reserve Bank of India in this behalf. Receipt from any person of an amount or amounts aggregating to five lakh rupees or more in a year for bonds issued by the Reserve Bank of India. The aggregate of all the receipts from a person is required to be reported as one transaction and the date of the transaction is to be mentioned as the last date of the financial year i.e. 31.03.2005 in respect of FY 2004-05.
  • As per this rule, specified persons (Filers) should prepare their AIR in Form 61A (Part B) on computer readable media (i.e. CD or Floppy), supported by a duly signed verification and control chart in Form 61A (Part A) in paper format.
  • AIR should be furnished to the Commissioner of Income-tax (Central Information Branch) i.e. CIT (CIB). CBDT has authorized NSDL to receive AIR through the TIN Facilitation Centers on behalf of CIT (CIB). Filers may also file AIR online through internet.
  • 4. What is 'Supplementary Information'?

    Answer: Only one AIR is allowed to be filed by a Filer for a given financial year. However, in case the Filer wants to rectify genuine/bonafide mistakes or if it wants to furnish additional transactions to be included in AIR, it may do so through 'Supplementary Information'.

  • There are three situations when a Filer may be required to file Supplementary Information:
  • In response to a notice issued by CIT (CIB) within the time allowed by CIT (CIB)
  • Suo moto – to furnish additional details not submitted in original AIR in response to deficiency indicated by TIN-FC in provisional receipt
  • Some features of Supplementary Information are:
  • Supplementary Information should be furnished as per the data structure specified by ITD.
  • Supplementary Information should be incremental, i.e. contain information only on transactions reported earlier which are to be revised or if it wants to furnish additional information which is not provided in the previous return.
  • Supplementary Information should be filed at the same TIN-FC where the original AIR was filed.
  • In case the original AIR was filed online, Supplementary Information also should be filed online.
  • Supplementary Information should be filed in the same form and manner as an AIR with upload type as "R" for Supplementary Information.
  • 5. What are the charges for AIR filling and Supplementary Information?


    Number of Records Upload Fees (INR)*
    Up to 100 25
    101-1000 150
    More than 1000 500
  • *The filer should also pay Service tax as applicable.
  • 6. Do Income Tax Department have some source to cross verify such transactions?

    Answer: Now the IT dept. is ready to cross verifying your detail with AIR (Annual Information Return). In such transaction someone is responsible to file the AIR and file it to IT dept. through TIN-NSDL but it was published somewhere that in almost 60 % of the entries reported in AIR does not have a PAN. The reason behind that is person doing this transaction are not giving their PAN to the person who are liable to file the return. Though this number is reducing day by day but yet it is large in number.

    7. How IT department will match these transactions if PAN has not been mentioned in AIR?


  • Usually Public think that if PAN is not supplied than our transaction cannot be traced by the dept. To some extent they are right but not 100 %. In new era of computerization it is possible to trace transaction even without PAN.
  • A software has been developed by the DIT (systems) to match the transaction without PAN in AIR. According to tender floated on Income Tax website there are 8,00,000 transaction without PAN reported in AIR and department has a PAN database of 5 crore. The software will detect two possible PAN for the every transaction without PAN reported in AIR on the basis of, Name of the person, address etc. then each suggested PAN for a particular transaction by the software will be verify by the person manually on the basis of other parameters not checked by the software and after the complete verification PAN will be assigned to the transaction, in this process in our view dept. will have a success almost 60-70 %.
  • So person who are not reporting information in new ITR by presuming that if PAN not given transaction cannot be traced , should reconsider it and should ready themselves according to alertness of Income Tax dept.
  • 8. What are the specifications to be furnished in AIR forms?

    Answer: With a view to ensuring that the annual information return conforms to the required specifications, the person(s) responsible for filing return shall ensure the following:

  • Form No. 61A - Part A is duly filled in and verified and enclosed in paper format with the Form No. 61A - Part B in computer media.
  • The data structure of the AIR conforms to the data structure prescribed by the Administrator - Annual Information Return authorized by the Board.
  • The computer media containing AIR is readable, clean, virus free and not corrupt.
  • Permanent Account Number (PAN) of the person responsible for filing AIR (except in cases of Government departments) is mentioned in Form No. 61A (Part A and Part B).
  • Tax Deduction Account Number (TAN) of the office of the Principal Officer of the person responsible for filing AIR is mentioned in Form No. 61A (Part A and Part B) as the folio number for non-Government filers and of the filer in case of Government filers. In case TAN is not allotted, the return should be accompanied by a copy of acknowledgement of application made for allotment of TAN or duly filled in Form No. 49B with the requisite fees (only for Government filers).
  • The Control totals of total number of transactions and total value of all transactions mentioned at Item Nos. 8 and 9 of Form No. 61A (Part A) tally with the corresponding total at Item Nos. 7 and 8 of Form No. 61A (Part B).
  • The PAN, name, address, date of transaction, mode of transaction and amount of the transacting party or each of the joint parties in respect of every transaction are correctly and properly filled in at Item No. 9 of Form 61A (Part B). Where PAN is not required to be obtained under the law, it shall be mentioned in the form as to whether the transacting party is a Government Department or Consular Office or Form 60 or Form 61, as the case may be, has been received.
  • 9. What if the computer media is found to be corrupted while submitting the said return?

    Answer: In case the AIR on the computer readable media is found to be corrupted or does not fulfill the above guidelines, the filer is expected to make appropriate correction and resubmit the Return.


    Can I do Billing for the services we provide to our end clients?

    Answer: Yes. You can maintain all kinds of bills and receipts within this software and can check outstanding of your dues.

  • Following options are available:
  • 1) Create Company (client)
  • 2) Alter Company
  • 3) Delete Company
  • 4) Other Clients
  • 5) Service Tax Rates: to change the rates currently effective.
  • 6) Category master: to Create and manage group of clients' category wise.
  • 7) Series: to create series order of Bills and Receipts.
  • 8) Opening balances: to check on outstanding as or when desired.
  • 9) Reports, based on:
  • Bill Details Pending Details
    Receipt Details TDS Details (Bill Wise)
    Outstanding Report TDS Details (Party Wise)
    Service Tax (Bill Wise) Category Wise Bill Details
    Service Tax (Receipt Wise) Opening Balance Details
    Discount Details (Bill Wise) ST-3 Details
    Discount Details (Party Wise) Client Account
  • 10) Settings: Serial order of Bills & Receipts and their format.
  • 11) Bulk Printing: for all clients
  • 12) Bills & Receipts: to issue to the clients.
  • Other Utilities


  • What is about miscellaneous information given in "Genius" software?
  • Answer: Genius is exceptionally comprises with:
  • Telephone cum Address Book
  • Complete Client information
  • Two sizes Label Printing
  • File Manager for maintaining client wise records of documents filled with relevant authority
  • Miscellaneous useful Information: (In our All softwares)
  • All India PIN Codes
  • STD Codes
  • ISD Codes
  • Online PAN/TAN verification
  • TIN-FCs
  • TAN/PAN AO Codes
  • Service Tax Ranges
  • Bank BSR Codes
  • MICR Codes
  • IFSC Codes
  • DSC Manager
  • PDF Converter
  • Calculator
  • Reminder Setup
  • Cheque Printing
  • Document Manager: Keeps clients important documents in various formats viz. Word, Excel, PDF, Scanned Documents (Picture Format).
  • Whats New? (Or) Check for Updates.
  • Keeps you updated with latest software updates and news available on our Website.