Service tax accounting

[Former Member]

Hi SAP GURUS,

I want the stagewise accounting entries for the service tax in SAP, when it is treated as deffered tax.And processed in tcode S_AC0_52000644 - Deferred Tax Transfer (New) . So what will be the entry in MIRO , S_AC0_52000644 - Deferred Tax Transfer (New) , Balance payment of service tax.

Thanks

CHEERS

[Former Member · Accepted solution]

HI i hope you are using TAXINN

You create Service tax code as Interim (for ex : - S1 - 12.36%Servive Tax -Interim (Input)) through FTXP and create one more tax code as Final (S2 -->12.36%Service Tax- Final (Input)) .

got to the property of tax code S1 and assign "Target tax code" as S2.

Please maintain the tax percentage in FV11 against condition type for Ex :

IN: A/P Service T

A/P ECS on ST

A/P SEcess for ST

Please assign GL accounts to account key through OB40

I think your all steps over as per service tax .

please post the entries using service tax code Interim only.( FB60 or MIRO)

Once the payment made to the vendor , then you run the program (S_AC0_52000644) the entries will automatically posted from interim to final

Ex :Invoice booking through FB60 or MIRO

31 2000031 Vendor 621,776.00- S1

40 53003000 PROFESSIONAL FEES 553,378.43 S1

40 27601100 S.T RCVBL-INT. A/C 66,405.41 S1

40 27601101 ECESS-S.T RECVBL-INT 1,328.11 S1

40 27601102 S&HE CESS-ST REC-INT 664.05 S1

Transfer posting through Program (S_AC0_52000644)

40 27601000 S.T RECEIVABLE 66,405.41 S2

50 27601100 S.T RCVBL-INT. A/C 66,405.41

40 27601001 ECESS-S.T RECVBLE 1,328.11 S2

50 27601101 ECESS-S.T RECVBL-INT 1,328.11

40 27601002 S&HE CESS-S.T RCVBLE 664.05 S2

50 27601102 S&HE CESS-ST REC-INT 664.05

Any issues come back again

Regards

santosh

[Former Member · Accepted solution]

Thanks sir.