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You can manage taxes such as VAT, CST, Sales Tax, TDS, Excise, Cenvat, Excise Invoice, Inclusive & Exclusive Taxes, Automatic & Manual tax entries, Tax Registers etc. are all supported in Wings . Reports can be generated for each tax for statutory returns and VAT returns for all states.

Most of the taxes are pre-configured and ready to be used. You can however, with just few clicks, easily reconfigure taxes of any kind and start using them. From the Settings Manager, you may select the tax that applies to your company or branch. For example, you may select only VAT and Service Tax and ignore others.

VAT & Other Taxes

Manual Taxes
You can override automatic tax calculations in transactions by manually selecting any tax slab and rate.

Maintain Commodity Codes

• Maintain commodity codes for taxes in your region and assign them to products
• Give schedule information such as the Serial Number etc.
• Specify the basis for tax calculation – Gross Amount, Discounted Value etc.
• Maintain tax codes for the services you offer

Tax Forms
Manage as many as Tax Forms as required and use them in transactions. Store the list of tax forms received or issued while entering transactions. You can store information such as, if a tax form is received, date on which the tax form is received, tax form number etc.

Inclusive Taxes
Specify if taxes are inclusive or exclusive of product prices. You can:

• Specify if taxes are inclusive or exclusive for standard prices of products
• Create your own price lists and set if taxes needs to be calculated inclusive of rates

Inclusive taxes and net prices for products are automatically calculated in transactions based on the price list selection.

Tax Structures
Group one or more taxes and assign them to products. For example, you can group VAT, Service Tax and Excise Duty etc. Tax Structures enable you reuse the taxes that apply in common to your products.

Tax Transaction Types
Choose from various tax transaction types while configuring – VAT For Regular Sales, VAT for Inter State Purchases etc.

Product Categories and Applicable Dates
Select from the list of product categories to which the taxes apply.
Set dates from which taxes should be applied. Applicable dates can be set separately for each product category.

Tax on Tax
Calculate automatically tax on other taxes, such as Education Cess, Secondary Education Cess, VAT on Excise etc.

Tax Accounts
Tax amounts can be posted to different ledger accounts, if required. For example, you may specify VAT amounts to be posted to VAT Collected and VAT Paid accounts separately.

Taxes for KSA
Taxes various  pre-configured and ready to be used. You can set the effective dates and product categories for required product and start using them. However, the Taxes Wizard helps you to additionally configure taxes, if required.
Wings also lets you view/print ready VAT forms.

VAT Month End
Automatically know the list of transactions in which VAT has been applied for a given month, branch and state. The list of transactions will be automatically displayed along with respective tax amounts.
The difference of VAT input and output is automatically carried forward as opening for the next month.

VAT Payments
Make VAT payments for a given year and month. Pay the amount by cash or cheque. Post the payments to desired accounts.

VAT Returns
Generate statutory VAT return forms easily for e-Filing. VAT return forms for most are pre-configured in the product. Wings keeps adding forms whenever required. You can select the form that applies to your country, take print and do e-Filing.

Optional

Taxes are optional module in the software. You may enable or disable taxes whenever required. Or, choose only the tax that applies to your company.