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Former Member

Service Tax Entries in SAP

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

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  • author's profile photo Former Member
    Former Member
    Posted on May 21, 2008 at 12:47 PM

    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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    • Former Member

      Hi Ravi,

      Thanks for your early reply. I am clear in Financial entries part, but I require entries passed in SAP when we post service charges document.

      like what type of clearing accounts we need to maintain.

      regards

      srinivas

  • Posted on May 21, 2008 at 12:53 PM

    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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