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Reply from natwar27 on Aug 19 at 11:29 PM Hi,
I have tried implementing the scenario suggested by Sistla Lakshmi Suryanarayana in peoplesoft.
Rest assured, it does not work, the second voucher fails to recognise the second withholding line,if you change the payment posting type to "payment" from "invoice processing". there is an error message saying, it could be either but not combination of both. I have literally tried all the combination types.
Please suggest, if i could get any information about any patch releases by peoplesoft towards this.
Thanks,
Natwar
| | | ---------------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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