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Former Member
Jul 31, 2007 at 10:02 AM

Availment of Service tax Credit at the time of MIGO

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Hi Friends

As per our business scenario we want to avail Service tax Credit on all consumables at the time of MIGO.

I need to configure the accounting entries as follows.

<u><b>At the time MIGO</b></u>

Stores Inventory Dr 100

Service Tax Credit Dr 16

Service Tax Credit E-cess Dr 0.32

To GRIR 100

To Service Tax Clear 16.32

<u>]<b>At the time of MIRO</b></u>

GRIR Dr 100

Service tax clear Dr 16.32

To Vendor 125

Please help me out how to map/ Configure this.Please give me step by step.

Thanks and Regards

Nirmal Sitaram