Rounding up of service tax

Dear Friends,
I have a requirement with one of my customers to round up the service tax, ecess & Secess values in a contract and in subsequent billing document. Here, in the pricing procedure beside the service tax condition type as well as the Ecess & Secess condition types, i have assigned requirement13 & calculation type 17. In each of the condition type header also i have entered rounding up(A). In OB90 also i have assigned 100 against the company code and currency. Inspite of doing all these the system is still now not rounding up the values as desired. For example, 203.34 is converted to 203.00 & 203.54 is converted to 204.00. But my requirement is this that in both the cases system should round up only.
Please suggest if anything else is required to be done to achieve this.
Regards.

Hi Rakesh,
What is happening in your case is the standard thing and if at all you want the system to behave like what u are saying then u need a development for this, take help from your abaper and ask him to modify the requirement 13 accordingly wherein it always takes the upper value instead of the standard rounding rules.
regards,
US

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Comercial rounding in FI Service Tax Calculation

Dear All,
We are in Implemantation project, we done the configuration for Service Tax From FI, system is calculating the persentage but my issue is ........
My client wants the rounding values in tax line items
Ex ; if my tax line item is having 10.49 in this case this should be 10.00
10.51 in this case this should be 11.00
we check the condition records but there is no option for comercial rounding with nearist rupee.
Regards
radha

Hi ,
In the configuration of Condition type there is a option to maintian the Rounding Rule
The rule that determines how the system rounds off condition values during pricing. The last digit will be rounded.If you leave it blank it will take Commercial Rounding and will round as example shown below
10.454 -> 10.45 DEM
10.455 -> 10.46 DEM
But your requirement is to round off to the whole number instead of decimal.
In that case Check the Pricing procedure you are using.
Against the Service tax Condition type maintain the Cal Type as 17.
This will round the amount according to T001R table.
Go to T code OB90 and maintian the Rounding unit as 100 based on your Company Code and Currency.
Hope it helps
SJ
Edited by: Sumit Jain on Dec 4, 2009 7:30 AM

Rounding off service tax

Hi Guru's,
I would like to know what settings do I need to do the round off to next rupee in the service tax calculation.
If sevice Tax Amt - INR 240.23 = INR 240
If service Tax Amt - INR 240.55 = INR 241.
That means if it is .50 and above it should round off to next rupee, else round off in other way.
Thanks in advance.
Deepak

Hello
Some times rounding off in invoices can be country specific, where decimals / rules for rounding can be defined.
Maintain these and check. But this could affect other documents also, which I am sure you do not want.
Please check this
SPRO-> EWT>Calucaltion>define rounding rule for tax type
Reg
*Assign points if useful

Service Tax rounding-off

Dear All,
In one of our client service tax is rounded off to nearest paisa i.e. Rs. 145.98
But the client need to round-off to nearest rupees i.e. 146.00
Is it possible to round-off to nearest rupees? If it so than please explain me in detail how to do that.
Thanks & Best Regards,
nms

Hi Vijay,
If you do what you have mentioned - the system will round the amount irrespective of whether it is more than .50 or not. Ex. If you select rounding rule as A it will round up to next rupee eventhough the amount is ex. 50.02 will round as 51.
Rounding will be configured in tax procedure against Condition type you have to select as 17 in Caluclation type coloumn.
BSR

Rounding up of service amount

Hi
I am facing one problem ,can anyone give a sugestion,
WHILE PASSING THE ENTRY FOR ANY SERVICE TAX RELATED BILLS
THE RECEIVABLE PART AMOUNTS APPEARING IN
PAISA'S. IS IT POSSIBLE TO ROUND OF TO NEAREST RS.
Thanks
Edited by: Santosh Nayak on Jan 8, 2009 11:00 AM

Hi Santosh ,
I saw your requirement it is available in sap, but normally nobody is using that
Now i am telling that procedure for rounding of service tax
For that you can go through this T,code OBYZ In that select condition types column. There select which you have used for service tax those condition types have one option is available for rounding at group condition level
May be this information is useful to you
If you have any doubt feel free to ask
Regards
Surya

Purchase Bill with Service Tax & VAT

Hi Friends,
Here i have received the Purchase bill with both service tax and VAT.
Pls let know how to prepare the PO and MIRO/MIRO.
Here i am giving the break-up for e.g.,
Total Value                  80100.00
Ser Tax 10.3%               8250.30
Total                           88350.30
+ VAT 4%                     3534.01
Round Off                            .31
Total Payable            91884.00
Pls let know how the clear and give me the solutions
Regards,
Lakshman

Hi Laxman,
You can have a seperate condition for service tax with keeping posting key for the tax key & post the PO.
Condition
ZPRI           80100.00
ZSER(10.3%) 8250.30
Total          88350.30
According to vat code defined it will calculate on this value.
Regards
Rang

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

Error while running service tax program (New)

Hi
I have created S3 as interim tax code and S4 as final tax code. I assigned S4 to S3 as a target tax code. Entries are perfectly flowing.
But when i do service tax program for, session is created properly. When i run it in SM35, for gived error
"Tax code S4 may only contain one assignment line"
I have given routine 166 in OBQ3 for ECess and SHEC.
I tells me to do following procedure:
Use a different tax code.
For direct postings to a tax account, you might have to define a separate tax code for which only one line with a percentage rate other than zero is active in percentage rate maintenance. All other lines must be inactive.
Please help me.
Edited by: Deepak Agrawal on May 4, 2010 1:29 PM

There is one interim service tax code (for normal services) - S1. Final service tax code S2 is created assigned to S1 as target tax code.
Entry passed:
Exp A/c.. Dr                                   500000
Service Tax Basic (deferred)       50000
Service Tax ECS (deferred)         1000
Service Tax SHEC (deferred)       500
   To Vendor A/c                                        551500
For this service tax program (new) is working fine.
For the GTA scenario where service tax is not charged in invoice but we have to pay to government, in that case i have created one interim tax code G1 and i have assigned final tax code S2.
Entry passed for GTA (invoice raised by transporter is Rs. 500000):
Exp A/c.. Dr                                   515000
   To Service Tax Basic (deferred)       50000
   To Service Tax ECS (deferred)         1000
   To Service Tax SHEC (deferred)       500
   To Vendor A/c                                   500000
But when i execute the program i can see three line items (for basic, interim and SHEC)
But when i run the session, it gives error:
Tax code S2 may only contain one assignment line.
I AM UNABLE TO UNDERSTAND, WHY ITS GIVING ERROR FOR GTA SERVICE TAX TRANSFER
Edited by: Meenu_ND on Jun 1, 2010 10:48 AM

Error message while running the report RFUMSV50 (Service Tax)

Hi Experts,
I have occured the following error while running the Report for for transferring the Service Tax from Interim to Final Account.
F107: Restrict Period
F7566
I have executed the report RFUMSV50 by T.Code SE38
Please help me in this matter.
Thanks
Priya

Hi
have you checked
1. Global Parameters for Company Code
. Currency Trln Rate set as '2' (WhichMeans exchange rate determined using posting date)
2. Deferred Tax code Z0 created with Target Tax Code Z1
Cya
udayakumar.k

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

Service tax value required updating while posting GR in MIGO transaction

Dear Friends,
We have a following scenario where service tax value required updating while posting Goods Receipt MIGO transaction.
1. Purchase Order created for first line item where Qty. 1 and Net Rate Rs.1000/- so total Gross value will be Rs.1000/- example Vendor XYZ
2. Freight condition type maintained for the first line item for Rs.500/- and assigned to Transportation vendor ABC.
3. When Goods Receipt Posted for the Material against PO first line item, the material value updates Rs.1500/- (Material value as
    per PO + Freight Charges)
4. After posting GR while making Invoice verification through MIRO transaction against the PO GR/IR clearance will be done for
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    applicable Service tax code will also select.
Here the values of Service tax if the Material available in Stock it will be inventories. If stock consumed before making the Invoice verification for Transportation vendor ABC, then the Service tax values update to PRD account.
We know that in PO, tax code can be select for first line item (Raw Material) Vendor XYZ and if transportation charge condition type maintained for same first line item and assigned to Vendor ABC and there is no provision to maintain Service tax. So the service tax will get inventories while posting Invoice Verification for the transportation vendor.
We want the values of Service tax to update while posting Goods Receipt in MIGO transaction.
Thanks & regards
Dhanu

hi,
Please note at the time of MIGO Servecie tax value does not appear, it will appear at the tiem of Invoice only.
Regards,
Rama Mohan Bangaru

Rounding up of service tax

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