I have a question on Service tax , if you could help me , it would be great !
My client currently have a system to interface invoices to SAP.
His current posting for customer invoice will be this.
Dr Customer A/c
Cr A/R a/c
Cr Service Tax Liability Bas ( 10%)
Cr Education Cess Liability Bas (0.1%)
Cr Secondary % Higher Education Liablity (0.2%)
Now for my payment i need to clear those tax and also offset it to another account
Dr Bank A/c (After adjustment or deduction)
Cr Party A/c (for full amount or adjustment)
Dr TDS Receivable on Contractors
Dr Service Tax Liability Bas
Dr Education Cess Liability Bas
Dr Secondary % Higher Education
Cr Service Tax Payable Bas
Cr Education Cess Payable Bas
Cr Secondary % Higher Education Payment
Is there any automatically do that in SAP?