on 05-21-2008 1:35 PM
Hi,
Good Evening!
Can anybody provide Entries passed when we post any Service Charges(for example Housekeeping/Security Expenses) in SAP with respect to Service Tax.
regards
Srinivas
Hi
For Service Invoice Journal Entry :
Vendor A/c CR
Housekeeping/Security Expenses A/c DR
Service Tax A/c DR
we can do this entry from FB60 / MIRO
hope you are clear , assign points if found useful
regards,
r.ramakrishnaraj
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Hi Srinvivas,
The service tax would be controlled by the Tax code, which you create with respect to the Tax Country.
1) configure the Tax procedure
2) Create the appropriate Input and output service tax codes..
3) Maintain the relevant GL a/c to post these service taxes
4) Make the entry for house keeping exp with relevant input tax code....
The entry would be
house Keeping Exp Dr .....1000
Input Service tax a/c 120
TO house Keep vendor 1120 (1000+120)
so the input service tax would be in current assets...
5) If you charge any output service tax on your services to customer
Customer a/c Dr 1680 (1500 + 180 )
To Revenye 1500
To service tax payable 180
The balance of 60 Rs ( Output 180 - 120 input ) should be paid to Service tax authorities.
Thanks & Regards
Ravi C
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