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Former Member

Indian service tas

Hi

Any one configured the latest indian service tax for frieght

i.e the now the frieght service tax is paid by the service taker rather than the frieght vendor

here service tax with cess, ecess is paid by the service taker to the govt.

so the service tax had to be posted to separate G/L service tax payable G/L.

Krishna

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3 Answers

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    Former Member
    Sep 02, 2008 at 09:16 AM
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  • Sep 02, 2008 at 09:22 AM

    Hi,

    There are SAP standard Service Tax condition as "JSRT" or "JSER" and then copy these conditions as "JEC3" (A/P ECS for ST) and "JSEC" (A/P SECess for ST). Create a condition type for this in OBQ1. Keep Access Sequence as "MWST" for these condition types.

    Also keep following controls;

    Cond. class D Taxes

    Calculat.type A Percentage

    Cond.category D Tax

    And then assign it in tax Procedure in OBQ3. Also assign appropriate A/c Key to this.

    You can create A/c Key in OBCN. For e.g. ESE Input acquisitn tax (take copy of this and create 3 different keys for Service Tax, ECS on ST and SECess on ST)

    Then do A/c determination in OB40 for the A/c Keys

    And then create Tax Code in FTXP for Service Tax.

    Then use this in PO.

    At the time of LIV (in MIRO), it will post FI entry as;

    Vendor A/c - Cr
    GR/IR Clearing - Dr
    Service Tax A/c - Dr
    Ed Cess on ST A/c - Dr
    Sec. Ed Cess on ST A/c - Dr

    And then utilize the Service Tax Values by specifying these GL Accounts in selection screen of J2IUN

    Under u201CCross utilization b/w Service tax and CENVATu201D Tab

    u2022 Service tax credit account -

    u2022 ECESS on ser tax account -

    u2022 SECess on ser tax account -

    And utilize the CENVAT from Service Tax Accounts.

    There is not any entry of Part 1 for Service Tax. And for Part 2, we have to take help of ABAPer to develop the Service tax Report.

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    Former Member
    Sep 07, 2008 at 09:36 AM

    thnx

    i could do this through witholding tax process

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