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Former Member
Apr 30, 2012 at 01:06 PM

Want to calculate service tax at the time of MIRO

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Dear Expert,

Want to calculate service tax at the time of MIRO.

Currently we are using tax code process with condition records to calculate the service tax at the MIRO.

But in the new scenario my client wants to calculate the service tax during MIRO.

Example:

Service PO amount = ` 10000.00

Then a/c flow at MIRO is:

GR/IR Service = ` 10000.00 Dr

ST @ 10 % = ` 1000.00 Dr

ECS @ 2% =` 20.00 Dr

Hcess @ 1% = ` 10.00 Dr

Vendor V1 = ` 11030.00 Cr

New Requirement:

Service Po Amt = ` 10000.00

Then a/c Flow should be:

GR/IR Service = ` 10000.00

Service Tax = ` 900.00

Ecs @ 2% = ` 18.00

Hcess @ 1% = ` 9.00

Vendor V1 = ` 10927.00

This is because client does not know the service tax charges during creation of PO.