Capture Service tax

Dear All,
1)How to capture the service tax to respective Register,
As we do for excise in RG23A I & II  capture and post in MIGO
how we capture the service tax(claimable)  ; so is there any other procudure.
2) In service entry sheet is the accounting document are generated if yes where to see that.
Regards,
Vimlesh

Hi
Service tax register has to be maintained seperately manually, giving details of credit availment and utilisation of credit against the excise duty payment. The format is defined by Central Government.
Service Tax credit is availment of credit on the service tax amount paid to the service providers. This can be availed after the service tax amount is paid to the service providers. The amount of service tax credit that can be availed is accumulated in a clearing account at the time of MIRO. The accounting entry will be
Service Tax Clearing a/c Dr
To Vendor
When the service tax amount is paid to the vendor, the service tax credit can be availed in the books of accounts. The entry at that time will be
Service Tax credit A/c Dr
To Service Tax clearing a/c
This service tax credit so availed can be utilised for the payment of excise duty and the accounting entry will be
Excise Duty Payable A/C Dr
To Service Tax credit A/c
Regards,
Lakshmanan Krishnan

Similar Messages

  • Error while capturing service tax in MIRO GL tab

    Hi all,
    We do not have CIN implemented in our systems .
    So inorder to capture service tax we enter them at the time of invoice posting in MIRO directly in the G/L tab against the various GL codes for service tax
    But this is leading the system to calculate the tax on even on unplanned del.costs that are entered against the service entry and the figures change as as a result against the GLs
    Is there any solution to stop the system to recalculate the tax and pick up what we have entered against the GLs?
    Thank you,
    Pradeep

    Hello Biswajit,
    We have a practice of posting the service tax amount directly to the service tax GL accounts at the time IR through the GL tab that appears in MIRO.
    We do this just for the reason that CIN is not implemented.
    The reconcilation is also done manually.
    Thank you

  • Capturing service tax categories during FB60/MIRO

    Hi
    This is with reference to the service tax categories, which is required during monthly return in India.
    To the best of my knowledge, SAP does not have any standard solution to capture these servie tax categories during transaction entry till date.
    There are almost 102 categories defined by Govt of India for different kind of services. These categories are need to cature during transaction and will used later in filling return.
    I am trying to find a filed which is available in FB60/MIRO and FBL3N so that what transaction recorded in service tax payble GL, will have trace of services.
    Please suggest which filed i should use in FB60 or MIRO, which will have F4 help and also appear in FBL3N.
    Please reply.
    Regards
    DD

    Hi DD,
    We have solved a similar problem using text keys. Under SPRO GL Accounting -> Business transactions -> GL Account postings -> Carry out and check document settings -> Define texts for line items, define keys for service tax categories like ST1, ST2 with descriptions. These can be selected from F4 help and entered by the user during invoice entry. You can see them in FBL3N, filter and sub-total it.
    Regards
    Sharabh

  • Not able to perform j1iex for service tax capturing

    The service PO is similar to that of any other PO in terms of taxing.
    In service tax we will have
    Service tax          - 12 %
    Education cess          - 2 %
    Surcharge          - 1%
    So for service tax code we will be maintaining three rates in the Tax code.
    Follow the below process for Service Cycle :-
    1. AC01 - Create Service master in AC01 and assign the Valuation Class for the Service Masters and do Account 
                     Determination in OBYC for A/c Key GBB and Valuation Modifier VBR (to this Assign the Service Expense A/c) and 
                     for A/c Key WRX, assign GR/IR Clearing A/c
    2. ME21N - In PO (ME21N), use Item category as "D" (Services) along with Account Assignment Category "K" (Cost Center)
                        and In "Services" tab, specify the Service Master and pricing details
    3. ML81N - Create Service Entry Sheet w.r.t. Service PO
    Service Expense A/c - Dr
    GR/IR Clearing A/c - Cr
    4. MIRO - LIV for Service Entry Sheet or Service PO
    Service Vendor A/c - Cr
    GR/IR Clearing A/c - Dr
    Service Tax A/c - Dr
    Ed Cess on Service tax - Dr
    Sec Ed Cess on Service tax - Dr
    In normal purchase order having excise duty we would perform a t.code j1iex  once for capturing excise and again for posting  excise duty.
    we want same step between step 3 and step 4 for service tax also. can anyone tell us how to achive that.

    Hi
    We dont have the provision to maintain registers for service tax.
    so there is no question of capturing service tax thro J1IEX.
    Service tax is posted to a G/L account at the time of MIRO.
    We will utilize this service tax input credit at the time of monthly utilization (J2IUN) where in there is option for giving this G/L account.
    then the amounts of input service tax will be populated in the screen.
    regards
    prasad

  • Calculation of Excise Duty on Service Tax

    Hi We have created a PO which has two line items, one for raw materials and one for freight. Both the cost of raw materials and freight has to be paid to the same vendor. We have maintained the condition type correctly for materials/plant/vendor combination in FV11 for excise and vat. In PO we have assigned the correct tax code. MIGO has been done and excise invoice captured correctly. However, when we are doing MIRO, in the line item for freight we have assigned the tax code for service tax, which has also been maintained in FV11.  However, system is calculating both service tax and excise on the freight amount which should not be correct. We are doing MIRO for raw materials and freight amount together
    Pls suggest
    regards
    Sanil

    na

  • Service tax line item not coming at the time of Cash receipts.

    Hi Gurus
    I have an issue, when i received payment from customer than no line is generated for service tax reversal which i have captured at the time of billing, but it is happining through T code F-28.
    any one have some idea of it, please share with me.
    Regards
    Shiv

    From which T code you are posting customer receipt???

  • Service Tax & VAT

    Hi,
    We are in Construction.The Job Contain Material as well as Service.
    Like Making of Drainage for that The Company Send the Po Which Contain Like Labour ,Cement every thing.As the Comapny DOn't do the Gr so they maintain it as Services .The Po Conatain the Limit of 100000 INR which include Vat,Service Tax All.At the End of the Work The Venodr Produced a Bill of 1 Lakh.
    The Calculation Should be Like this
    33% of 100000=33000
    On 33000  that Service tax 12.24%  =4039
    67% of 100000=67000
    67000 on that Vat 4%.
    How to do it as the Po conatin only one line item.How can I control the tax code??

    Hi,
    U create two service entry sheets, One of 33% and another of 67%.
    During the IV, you give the respective tax code in the tax field.
    ST for 33%
    and VAT 4% for 67%. Both the tax will be captured.
    Hope it will help u.
    regards
    Sushil

  • Shipment cost Service tax configs

    Dear Gurus,
    How to map the Service tax, Edu.cess & Hr Edu.cess which comes along with the Transporter's frieght bill against thier transport services.
    There is one tax cond type FT00 as Input tax in Shipment cost pricing procedure. For Indian scenario what are all the cond types to be used for the same? Should all them be manual cond types?
    Pls suggest.
    Thanks in advance.
    Reg,
    JJ

    I feel you should have posted this question in MM / FI forum where they capture transporter invoice and release payment.
    Should all them be manual cond types?
    Assuming that you were asking for outgoing shipment cost document,  there is no fixed thumb rule for any condition type as automatic or manual.  If the rates are based on agreed terms and conditions, then you can maintain the same in TK11; else it can be manual.
    thanks
    G. Lakshmipathi

  • Service tax MM

    Hi Team,
    There are 2 places we can see service taxes.
    1.In FI - TAXINN we can config these service conditions.
    2.EXTERNAL SERVICE MANAGEMENT - Service conditions.
    Can any one explain when to use which and why ?

    Service tax is not specific for the FI & MM ,service tax is the tax leived on a specific service which we have procured for the manufactering or non manufacturing process. For manufacturing process service procured we will get the benefit on the particular service tax , only after the bill is paid to the vendor or service provider.
    If service is captured through service PO than MM is involved all the procudure of Service PO, Service entry sheet & Invoice verification , Payment to vendor , service tax utilization .
    If service is for GTA than directly JV can be passed in FI.
    If required more specification, give me your excat dought in service tax.
    Regards
    Iqbal

  • Service tax on freight

    Hi Experts,
    We have shipment document and cost calculation in place for inbound material.
    Now we have one requirement that at the time of GR the following entry should be posted;
    Inventory Dr
    GR/IR Cr
    Freight Clg Cr
    Service tax on Freight Cr-particular GL
    Now the freight cost is coming from shipment document and FI posting is getting done at the time of GR.
    How this service tax part can be taken care of by loading to inevtory and crediting a GL also calculated upon a freight value.
    How pricing procedure in shipment document and purchasing can be linked
    Regards

    Hi
    The service tax will be captured to seperate g/l account at the time of invoice posting. if u want to inventorize than do it through debit entries.
    if u want in the pricing procedure than create one more condition type and give the from and to that of the frieght condition so that i will calculate from the frieght value and assign an account key and the account key will determine the g/l account.
    hope this will help u.
    Regards
    Santosh Kumar

  • Interest on customer item excluding service tax

    Hi,
    When i run customer interest calculation(FINT) system calculates interest on invoice + service tax amount  but i want to calculate interest on only invoice amount excluding service tax.
    Request immediate help.
    Thanks in advance.

    Hello Pranav,
    Select radio button as Net amount instead of gross amount in mentioned customization.
    SPRO > Financial accouting New > Withholding tax > Extended withholdign tax > Calcualtion > Withholding tax type > Define withholding tax type for invoice. Double click on relavent TDS type & change gross as net and check impact,which we are using since notification annouced by Income tax department.
    Regards
    Mani Kumar

  • Accounting entry against Excise invoice not created  for Service Tax sales

    Dear all,
        I am facing one problem related to accounting entry against excise invoice not created, for service tax sales scenario in SEZ plant.
    Accounting entry against billing document is generated,which contains revenue account-Debit entry,service tax 10% --Debit entry,ECS-Service tax 2% --Debit entry, SECess Service Tax 1% --Debit entry & Sundry Debtors (Reco)  - Domestic(Customer receivable reconciallation) account-Credit entry.
      But after generating excise invoice, accouning entries not generated for clearing of Cenvat suspense entry(i.e.service tax 10% ,ECS-Service tax 2% , SECess Service Tax 1%) which is generated during billing document.
    Plz. suggest step by step guideline to resolve this issue.
    Thanks & Regards,
    Mukesh Pardeshi

    Hi ReazuddinMD,
    thanks for your reply and support...I checked all the entries/accounts maintained correct.. but the Accounting entrys against Excise invoice not created..
    Now i am geeting error as below at the time of saving Excise invoice,
    No account is specified in item 0000000001
    Message no. F5670
    Diagnosis
    No account was specified for account type "S" in item "0000000001" of the FI/CO document.
    System Response
    The Financial Accounting program cannot process the document.
    Procedure
    A system error has probably occurred in the application you called up. Check the data transferred to item "0000000001" of the FI/CO document.

  • Asset PO with Installation charges and service tax?

    Hi Sap guru's,
    I searched for this topic but could not find answer. I want to create a Asset PO which had Installation charges (with Service tax). Now I want to incorporate the installation charges with its service tax to the asset account. I tries many ways but could not find the solution. Please, help me <removed by moderator>
    Thanks,
    Karteek.
    Message was edited by: Jürgen L

    Hi,
    You needs two tax codes!
    You PO contains 2 line items, so create 1st line item with a tax code(S1) of 5% non-credit tax and 2nd line item with another tax code(S2) of 12.36% non-credit service tax.
    Both tax code S1 and S2 should have created with service tax condition with different tax percentage 5% and 13.62 % respectively where the same service tax condition type should assigned to NVV key in your tax procedure.
    Regards,
    Biju K

  • New Service tax mapping effective from April 2011

    HI Experts,
    Service tax rule has changed wef from 1st April, 2011 on
    foreign exchange related transactions. The Notification No 26/2011
    Below given are the slabs for calculating the new service tax
    Gross amount of currency exchanged % of
    service tax on transaction value
    Upto Rs.1,00,000/-
    0.1% or Rs.25
    whichever is higher
    From 1,00,000-10,00,000/-
    100 and 0.05% on amount between
    1,00,000 & 10,00,000/-
    Amount exceeding 10,00,000/-
    Rs.550 and 0.01% on amount exceeding
    Can any one help for mapping this senario or any body implemented the same
    Thanks in Advance
    Regards,
    Ram

    Hi,
    Note 1435105 - Master note for Indian Budget 2010 for Logistics (MM & SD) - this was the master note for impementing the service tax.
    But now as service tax regulations have changed we need not configure the old service tax postings i.e postings to interim service tax accounts.
    As and when the service is invoiced directly it can be booked to Service Tax Payable/Receivable accounts, previously the postings were made to Service Tax Payable/Receivable Interim Accounts. Later the amounts of the interim accounts were transferred when the invoice is paid.
    Note 1571186 - Changes to Service Tax from Indian Union Budget 2011-2012 - please find the latest note on this.
    In the above note there is zip file attached which expalins about the changes to be done and about the old postings.
    thanks & regards,
    shashi kanth.

  • Entries appearing in Service Tax Control Account due to Error in System

    Hello Experts,
         I am facing a problem in one particular GL i.e.Service Tax Control a/c
    error-Entries appearing in Service Tax Control Account due to Error in System
    entries are- Service tax control   a/c   -
    Dr. 21,621.86
                            To Service Tax Control a/c     Cr.      21,621.86
    My question is when i am making entry as Service tax Dr-21,621.86,Service Tax Cr.21,621.86,so it will adjust,and in FBL3N amt will show 0 but it was showing 21,621.86
    Plz Guide me asap,very urgent issue
    Thanks in Advance

    Dear,
    What was the balance before you posted the below entry?
    Also run FBl3N with correct date parameters..
    br,Vivek

Maybe you are looking for