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Reply from srivallik on Jul 5 at 6:20 AM Hi friend,
For Service tax determination SAP has released 6 Notes. Implement these
below given Notes and try for Service tax .
1353362 Service tax Master Note.
1391485 Outbound Excise Invoice enhancement for service tax.
1393506 Service tax enhancement for ARE reversal process.
1392593 Service Tax enhancement in monthly Utilization.
1393534 Service Category determination and service tax return (STS).
1393460 Updation of GAR7 Challan information.
Service Tax reporting needs to be done based on service category in section
3 of ST3 report.
And the configuration Zip doc folder is available in above given Note.
| | | ---------------Original Message---------------
From: Sandeep Jain
Sent: Thursday, July 05, 2012 4:27 AM
Subject: Service Tax Configuration
Dear friends,
As per new service tax law:
60% of service tax will be credited to vendor and 40% will payable by
company direct to the authorities and a credit of service tax will go to
the service tax credit gl.
Means if 12.36% is service tax
service dr 100/-
service tax credit dr 12.36 ( Balance sheet account assets side)
vendor cr- 107.42
service tax payable -cr 4.94( Balance sheet account current Liability side)
Please advise how to configure tax code, pricing for service po, and how to
make direct fi posting |
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