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