Regarding TDS and Service Tax

Hi experts
I want to create invoice for the vendor catg professional services rendered - General
The Gross Amount is 50000.  We are mainiaining the Service Tax Codes also. I want to know  the TDS and Service Tax updations for that amountwise  entries like..
Ther service tax ecess surchage like accouts will be accumulate with debit balances. What is the further process for these service accounts.
thanks in advance
srinu

Hi Srinivas,
Can you please tell me how the service tax will get calculated in rental conditions?
I've made the following configuration settings:
Step1: RE-Fx>> Accounting>> Automatically Generated Accounting Documents>> Summarize Documents:
Under this node>> Set Item Summarization "Active" for the particular co. code.
Step 2: Defined service tax under "Tax Type" for country INDIA
Step3: Under the IMG node:
RE-Fx>> Accounting>> Integration FI-GL, FI-AR, FI-AP>> Assign Tax Code:
I've maintained Service Tax (tax type) to the country IN.
Also in the contract under posting parameters tab; i've maintained the Tax Type as Service Tax.
In conditions tab also, when I'm simulating the condition, I'm getting the correct entries, (as shown in the screen shot):
Condition Amount: 20,0000 INR
Net Cnd Crrncy: 20,000 INR (for the month of July)
Tax Cnd Crrncy: 2472 INR.
However, when I'm doing RERAPP; i'm unable to post the condition. Getting the 2 errors (screen shot attached):
1) Tax code S2 does not exist in company code E500
2) Taxes by item is activated; consequently, transfer by item is mandatory
Kindly pl. assist where I'm going worng or any configuration missing due to which I'm unable to execute RERAPP for a condition (with service tax calcultaion) for a commercial lease in contract.
Thanks
Shantanu Kar

Similar Messages

  • TDS ON SERVICE TAX

    Hi
    We are not using Tax codes for Service tax as we dont have the scenario CENVAT credit set off. We have assigned WHT codes in vendor  master for TDS deduction only. In that case is it possible to post FI entries through FB60 without considering TDS on service tax value.
    For Example
    The vendor submitted bill for 112360 i.e. 100000 plus 12.36% service tax. I need the entry should be as follows
    Expenditure 112360
    Vendor        102360
    TDS              10000
    Please suggest how to get this entry without manual intervention. And the J1INQEFILE also should show correct percentage (10%) and values.
    Regards
    Prakash

    Hi,
    Please create the withholding tax type and select radio button Net amount and assigned the same to new withholding tax created.
    Regards,
    Tejas

  • Printing VAT and Service Tax registration numbers

    Hi Gurus
    I need to know whether there is an option to print a list of the VAT and Service Tax registration numbers along with the client details -  this is as entered in the customer master.
    This is for user specific menu not for the admin.
    Regards
    Shiv

    HI
    If you want to know the VAT and Service tax Numbers
    Go to SE16N
    Enter the Table : J_1IMOCUST  and Execute
    You can see the customer wise VAT and Service tax number
    Regards,
    Prasanna

  • Product type 55c rupee term loan tds and withholding tax deducted

    Dear team
    any one guide me while posting intrest by using t code tbb1 systen calculates tds and withholding tax but i want only tds how can i remove withholding tax .  Pls respond urgently
    sarath

    Hi,
    ...in case you get the Witholding Tax flow in Treasury-module already (-> check cashflow;), the flow comes from "Derived Flows" setting. the flow then already exists before running TBB1...
    Regards,
    Lorenz

  • New Tax Code Creation with CST and Service Tax

    Hi
    I want to know the complete procedure of new tax code creation with CST and Service Tax. I want to know the steps for calculation of % of that Tax Code.
    Kindly help me out.
    Thanks
    Kshipra G

    Hi Expert,
    Before creating a Tax Code, Create two Condition Types(T-Code: OBYZ) for CST and Service Tax, which need to Select the below Items
    Cond. class -  D - Taxes
    Calculat.type -  A - Percentage
    Cond.category - D - Tax
    and while creating a Tax Procedure just select the Condition Type of CST and Service Tax and provide the Account Key for both Condition Types.
    Assign the GL Accounts to the Account Keys in T-Code: OB40.
    Create a Tax Code in T-Code: FTXP, which is to be assigned in T-Code: FV11.
    Maintain the percentage in T-Code: FV11, with your Key Combination and
    Try this procedure, which will help you...
    Regards,
    GK
    SAP

  • Cenvat Utilization and Service Tax

    Dear Gurus,
    Below mentioned points is comes under  Which module (FI/MM/SD)??
    1.) Cenvat Utilization
    2.) Service tax utilization and maintainance of Service Tax Register
    Please provide the Honest Inputs.
    Thanks & Regards
    Nitin Chhabra

    Hi,
    In many of the organisations, finance & accounts departments handles this activities. The entries for CENVAT and Service tax generates from all the three modules. Monthly Utilization, updating the RG registers and statutory tax returns are solely
    handled in accounts department.
    Regards,
    Sadashivan

  • 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

  • Excise report ER1 and Service Tax report SC-3

    Dear Gurus,
    I want to know the following things from the transaction code J2IER1 and J2IC
    In transaction code J2IER1, their is one radio button, Details of other payments made. What does it stands for?
    In transaction code J2IC, what are the prerequisite for Service Tax SC-3 return.
    Waiting for your valuable reply.
    Thanks & regards,
    Vinayak Vaidya

    The J2IER1 - Other Payments Made tab is there only for the format sake.  This only complies to the legal requirement of ER1 return.  However, no values are filled into this column in SAP from anywhere.  This section is essentially meant for filling up the details of payments other than the Excise remittances (like penalties, interest etc.) for the Excise Department.  If you have paid any, you can take a print out of this format when you generate ER1 from SAP and fill the details manually.
    As for ST-3 returns, it is still not available in a fullfledged manner.  You can refer the following note.
    Note 1393534 - Service Category determination & Service tax returns (ST3)
    This is essentially to support the Annual Return submission process for Service Tax.
    Ravi.

  • TDS and Sales Taxes are Possible with out implementing SD & MM??

    Dear Members,
    Is it possible to generate TDS forms and calculation of Sales Taxes without having MM and SD Modules??
    Under GL we have the options for Taxes in Easy Access Screen..so i hope soo..
    If such things are available pls guide me ..we r in need of this.
    regards,
    shashi

    dear aakash,
    can u explain it detallyy..
    and how to configure it.??
    regards,
    shashi.

  • Variable VAT AND Service TAX.(CIN Related).

    In our situation VAT and servicetax are variable about which user is also uncertain.So is it possible to adopt new sercvice tax conditions into pricing without tax code.

    Hi,
    The conditions in pricing for taxes will function similar as for CVD conditions.Maintain the correct GL accounts for the accruals in the pricing and OBYC , you will get correct results.
    Cheers,
    Satish Purandare

  • Service tax and Vat

    Dear Expert
    How did I can put service tax and vat in same PO line item.?
    Pl suggest.
    Thanks
    Mayur

    Hi,
    1) Create one condition type ZWOR as Work Contract Tax(WCT) for VAT.
    2) Create Service tax 10.3% (10,2,1) condition type as follows.
        a) Condition Type - JSVD for 10%
        b) Condition Type - JEC3 for 2 %
        c) Condition Type - JSE1 for 1 %
    Using T-code FTXP - Maintain Tax code create service tax code and assign the above condition for the that service tax code.
    PO creation time, you are using the above created service tax code with combination of VAT & service tax code and then posting time based on condition type vat and service tax value posted to separate GL.
    Hope, it is useful for you.
    Regards,
    K.Rajendran

  • Transportaion chares and it's service tax

    Hi SD Gurus,
    My client wants to charge the transportation charges to customers, and on that of 25%, service Tax will be 12%,
    What are the condition types for Transportation charges (Freight) and Service Tax? Do I need to create new account keys for them?
    My Plant is in EXCISE FREE ZONE.
    I am using TAXINN.
    Please guide me how exactly my pricing procedure (V/08) should be?
    Thanks in advance,
    Chaitanya

    Hi Chaitanya,
    Kindly go through the following link this might be helpful for you.
    http://scn.sap.com/docs/DOC-42970
    Regards
    Bhushan Dhande

  • Service Tax GTA

    Hi
    I have created the EWT Tax Types and Codes for Service Tax for GTA and maintain formulae also for the same. Now the vendors subjected to GTA are also subject to TDS. for us, service tax is an expense, so the accouning entry happens as:
    Service Tax Expense Dr
        To service Tax Payable
    Now we can get the liability of Service Tax but how do we get the value of invoices on which this service tax has been deducted. The J1INMIS does not show With Holding Tax Base Amount and is no longer supported by SAP. In Vendor Line Item Report, FBL1N for all the vendors, I cannot see the figure for abetement, as system, would show the With Holding Tax Base Amount and With Holding Tax Amount inclusive of TDS.
    Regards
    Sanil Bhandari

    Hi
    We can get the information via a work around:
    1. In J1INMIS, we get the document Numbers for which service tax for GTA is applicable. In the initial screen, we have given the Official With Holding Key for Service Tax on GTA and Business Place as a Creiterion.
    2. We down load the dump into excel from the system.
    3. Then we copy the Document Numbers into FBL3N under dynamic selection and exclude the GL Account for Creditor control account, service tax expense account and service tax payable.
    4. When the report is executed, system shows the value of Stock GL and expenses for which service tax for GTA is applicable.
    5. The Total figures for all the invoices is thus obtained and can be used to obtain the value for service tax returns prepared outside the system
    Regards
    Sanil Bhandari

  • Service Tax on Down payment is also getting cleared when clearing Customer

    Hi,
    when i pass down payment the entry is as follows
    Bank A/c Dr              10000
    Customer A/c Cr        9000  (Special GL)
    Service Tax A/c Cr    1000
    When i clear the down payment against invoice the entry is as follows
    Customer  A/c   Dr  9000   (Special GL)
    Service Tax A/c Dr 1000
    Customer A/c  Cr    10000
    But i should clear only 9000 not 10000. and service tax also should not get reversed when clearing doc.
    And could not find any specific configuration in resolving the above issue.
    Please provide any help on resolving the above issue.
    Thanks and Regards,
    G VINOD

    Hi Asheesh,
    Thanks for promot reply.
    The link which u have assigned is all about WHT (TDS) not relating to Service tax.
    Both are different. and i too have checked the same.
    But still not able to resolve the issue.
    Please provide the inputs.
    Thanks and Regards,
    G VINOD

  • Journal Entry for Service Tax Non-Deductible.

    Dear Experts,
    I have created an A/P Invoice for a Service item with Service Tax Non-Deductible(100%). For that we got the journal entry as below.
    Journal Entry
    Edu. Cess on Service Tax Payable Dr.                   00
    HCess on ST Payable Dr.                                        00
    Service Tax Payable (Non-Deductible) Dr.              00
    Inbound Freight and Carriage Dr.                       10000
    Service Tax Payable (Non-Deductible) Dr.            258
                    Vendor A/c                                                     10258.
    But my client is asking for the credit figure to be splited to Vendor A/c - 10000 and Service Tax Payable (Non-Deductible) A/c - 258.
    He wants the Service Tax amount not to be credited to the Vendor A/c; but to be kept in the Service Tax Payable account.
    Is this correct and possible? Please advice.
    Regards,
    Anandh.
    Edited by: anandharajaa on Apr 8, 2011 7:32 AM

    Hi
    I never seen this kind of scenario....
    If your involving any tax in Document then it will Cr. or Dr. to respective vendor or customer and it is the logic too , they have to pay for that... IF they are not payable then will your company pay for that to Govt. It will be lose to company only....
    So in Straight the way you need is wrong according to me, May  be  i don't know your are current scenario might be like this... if it so pls explain further ....
    Giridharan V

Maybe you are looking for