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Former Member
Jan 08, 2012 at 05:01 AM

Tax account needs clearing.

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Experts,

I have a tax account(eg VAT 12.5%) which needs to be cleared.

What are the accounts do i need to maintain in OBA1, So that it will be helpful in clearing.

Do we need to maintain both local currency and hard currency.

Please explain in accounting aspect too

Sudhir Krishna Kumar Singh