Post Union budget India - 2011-12, Service tax liability & input credit is based on point of taxation. SAP has also recommended to deactivate BTE and not to use Deferred Tax and use only Target Tax code (SAP Note 1571186). But SAP has not recommended any changes for configuring default GL Account.
For new implementation whether Interim Tax code is required and Service Tax clearing account is required? In my opinion Interim Tax code & clearing GL account is not required.
Your opinion please.