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author's profile photo Former Member
Former Member

how to use "target tax code" for input Service Tax

how to use "target tax code" for input Service Tax

1. now i have created 2 tax code 1 is deferred tax code

& 2nd is target tax code,

2. target tax code is kept in deferred tax code

but I am not able to understand

what is use of target tax code

and how to use it

vishal

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 23, 2008 at 02:28 PM

    Hye

    The target tax code is useful for tax details from one tax code to another tax code. In India it is used for transferring the service tax amount ( input ) , and eligible for cenvat only after payment of the payment of the bill.

    Hence by selecting the target tax code the tax inputs gets transferred while executing transaction f.38

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