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Reply from DD_guest on Aug 19 at 8:22 PM Can anyone help in configuring the new service tax . Sandeep if you have cracked how to go about please share. I feel we could use a combination of tax codes and withholding tax However, due to too many scenarios, Normal case & abatementWe would end up with too many WHT tax codes Please share. Regards,
| | | ---------------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 | | Reply to this email to post your response. __.____._ | _.____.__ |