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Reply from rajeshsoni12 on Dec 26 at 4:14 AM Dear Joshi-Jagdish,
Your question is right and I think you are asking for work contract. (if not, please clear me later on for what purpose you want to tax code creation). We are using same scenario for work contract.
For your requirement you need to create tax code with following conditions :-
If input Tax credit is allowed :-
Step Condition Type Basic Amount From Tax % Tax Code Transactions
100 BASB
240 JSST A/P Service tax % 100 100
250 JSER A/R Service tax 240 -6 SF ZST
260 JSTE A/R Ecess 250 2 SF ZES
265 JSHC A/R Sec&Hr Ecess 250 1 SF ZHS
270 JSRT A/P Service Tax 240 12 SF VSA
275 JEC3 A/P ECS for ST 270 2 SF VSB
280 JES3 A/P SECess for ST 270 1 SF VSE
If Input Tax credit is not allowed.
Step Condition Type Basic Amount From Tax % Tax Code Transactions
100 BASB
130 JSST A/P Service tax % 100 100 SW
311 ZES6 A/P Ser tax-Expens 130 12.36 SW ZS3
312 ZSRN A/P Ser. Tax non ded 130 6 SW VSG
313 ZEC4 A/P ECS ST non ded 312 2 SW ZS1
314 ZES5 A/P SECes ST non ded 312 1 SW ZS2
Regards,
Rajesh
| | | ---------------Original Message---------------
From: joshi-jagdish
Sent: Thursday, November 28, 2013 12:56 AM
Subject: Service Tax Code in SAP for Rev. Mech.
Hello,
We need one new Tax Code which Compute 50% Service Tax of 12.36%, as mentioned below:
Expenses Dr. 100
ST Receivable Dr. 6.18
Service Tax Payble Cr. 6.18
TDS Cr. 1
Vendor Cr. 99
Service Tax Receivable will come --- 100*12.36%*50%=6.18
Service Tax Payable will come --- 100*12.36%*50%=6.18
TDS will come ---- 100*1% or 2 % on Rs.100
Vendor will come ----100/- Minus (TDS) Re. 1 of Rs.2/-
Please advise ASAP. Thanks in advance |
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