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Reply from AR_parab on Jul 6 at 3:46 AM Hi Sandeep,
Are you looking for GTA Service Tax Configuration then you will have to configure this scenario from Extended withholding tax and assign this WithHolding Tax Code to the vendor in master data.
So when you enter invoice the accounting entry will be
service A/c Dr
Service tax credit A/c Dr
To Vendor A/c
To Service Tax Payable A/c
| | | ---------------Original Message---------------
From: Sandeep Jain
Sent: Thursday, July 05, 2012 1:36 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
--
With warm regards,
Sandeep Jain ( Choraria)
SAP Certified Associate |
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