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Reply from Ramana.Gottipati on Dec 25 at 1:55 PM Hi Jagdish,
These are the legal changes, SAP has provided Notes for the configuration
of this reverse charge mechanism.
The following are the notes:
- Service Tax legal changes for abatements:- *Note 1736781*
- Service Tax legal changes for notified exchange rate:- *Note 1736794*
- Services under the Negative List- *Note 1736781.*
There are two alternatives to achieve the result. One is Condition Type
route and the other is Withholding tax Route.
Please let me know if you have any queries regarding the same.
Regards,
Ramana.Gottipati
| | | ---------------Original Message---------------
From: VSR ADDANKI
Sent: Wednesday, December 25, 2013 10:01 AM
Subject: Service Tax Code in SAP for Rev. Mech.
Dear Joshi,
Both of Input & Output taxes in one tax code is not possible.
There is a two alternatives.
1. Output tax Credit to ST Payable account in MIR6 posting through GL Account tab.
2. You can create one withholding tax key for ST Payable and assign that to ST Payable GL Account. After that you can assign that withholding key to Vendor masters like withholding tax key assignment.
While posting invoices you can change the base amount for calculation.
You will get Input Tax through Tax code. And output tax tax through withholding tax key.
Regards,
VSR |
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