Service tax accounting
Hi SAP GURUS,
I want the stagewise accounting entries for the service tax in SAP, when it is treated as deffered tax.And processed in tcode S_AC0_52000644 - Deferred Tax Transfer (New) . So what will be the entry in MIRO , S_AC0_52000644 - Deferred Tax Transfer (New) , Balance payment of service tax.
Thanks
CHEERS
HI i hope you are using TAXINN
You create Service tax code as Interim (for ex : - S1 - 12.36%Servive Tax -Interim (Input)) through FTXP and create one more tax code as Final (S2 -->12.36%Service Tax- Final (Input)) .
got to the property of tax code S1 and assign "Target tax code" as S2.
Please maintain the tax percentage in FV11 against condition type for Ex :
IN: A/P Service T
A/P ECS on ST
A/P SEcess for ST
Please assign GL accounts to account key through OB40
I think your all steps over as per service tax .
please post the entries using service tax code Interim only.( FB60 or MIRO)
Once the payment made to the vendor , then you run the program (S_AC0_52000644) the entries will automatically posted from interim to final
Ex :Invoice booking through FB60 or MIRO
31 2000031 Vendor 621,776.00- S1
40 53003000 PROFESSIONAL FEES 553,378.43 S1
40 27601100 S.T RCVBL-INT. A/C 66,405.41 S1
40 27601101 ECESS-S.T RECVBL-INT 1,328.11 S1
40 27601102 S&HE CESS-ST REC-INT 664.05 S1
Transfer posting through Program (S_AC0_52000644)
40 27601000 S.T RECEIVABLE 66,405.41 S2
50 27601100 S.T RCVBL-INT. A/C 66,405.41
40 27601001 ECESS-S.T RECVBLE 1,328.11 S2
50 27601101 ECESS-S.T RECVBL-INT 1,328.11
40 27601002 S&HE CESS-S.T RCVBLE 664.05 S2
50 27601102 S&HE CESS-ST REC-INT 664.05
Any issues come back again
Regards
santosh
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Hi ,
Pls Guru's help
Service Tax Receivable & Payable The Client wants to have a Service Tax Control Account that would be automatically populated for the particular bill / Invoice on the day of Vendor Payment and Customer Receipt.
a. Example
While Billing Entry - 31.01.2008 (SD)
Customer A/c 20000
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(Or)
Service Income
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On Incoming Payments from Customers (05.03.2008) (FI)
Bank A/c 19500
TDs Receivable 500
To Customer A/c 20000
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To Service Tax Control A/c 500
On Outgoing Payments to Vendors (10.02.2008) (FI)
Vendor A/C 4950
To Bank A/c 4950
(Required Automatically (or) Control) 10.02.2008
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Please Note: The entries in Red Font are required to be passed automatically
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There is no red font marked in your thread. You can post the autoposting in service tax accounts using the tax code for different types and assign the required GL account for tax code postings.
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hi,
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to be clear..briefly..
say serv charge is 100 usd.
serv tax is 14 usd
total vendor account 114 usd
but i want this tax amount 14 usd to be utilized for cenvat not to be credited for the vendor,,
regards,
Manu.Dear Manu,
J2iun is the month end activity.
it is T-code for monthly utilisation of the cenvat credit available against the excise payable.
u have to do this activity before 5th of every month.
In J2iun T-code u can use Service tax paid for taking setoff against Excise duty payable.
to user service tax paid
First u hav to get find the paid sevice tax to vendors.
Then make JV of that amount from service tax clearing account to service tax paid account.
and use that service tax paid account in the Screen of J2iun.
where u can easily find the place where to put service tax account.
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sujit -
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thanks in advance.
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BramhaHi,
First check have you maintain the service tax G/L accounts in
PATH : SPRO > IMG > Logistic General > Tax on goods movement > India > Service Tax > Assign Service Tax Accounts
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1: J_1ISERCRD
Note: No. range use when we pay CENVAT from cenvat & service tax CR on J2IUN
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In case of Billing Document with Service Tax Code, Service Tax line items require Profit Center field.
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Client Requirement is that, In Service TAx GL's line items in Journal Entry Profit Center to be updated as per Profit Center of Project.
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Can Profit Center field be updated in an entry based on Project chosen for entering Billing?Hi,
Are you generating the billing docuemnt aginst the Project/WBS element. if so please delete the default account assignment to service tax accounts. it will read the Profit center from Revenue line item int he delivery document.
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Murali -
Dear all
I want complete CIN cycle for service tax which will cover following
1. Service PO with tax code for service line item level ( what config required for the same )
2. what is Importance of the tax code in service entry sheet
3.CENVAT Creadit handling for service tax
4.Service tax report based on Service Number or service group in (FBL3N) &
5.What are other report avaiable for services & service Tax
in Addition to above we are also having one plant which is not register for excise but we are having
service tax registration for the same what will be the setting in CIN for that Plant & what about excise
group for the same plant
Please explane this also
ThanksHi
Service tax
Use SAP standard Service Tax condition as "JSRT" or "JSER" and copy these conditions as "JEC3" (A/P ECS for ST) and "JSEC" (A/P SECess for ST). Use OBQ1 to createcondition tpes.Mainbtain Access Sequence as "MWST" for the condition types.
And for the conditions maintain
Cond. class D Taxes
Calculation type A Percentage
Cond. category D Tax
And then assign it in tax Procedure Taxinn in OBQ3 with the account keys for the same..
Use OBCN to create account keys.
Assign g/l accounts in OB40 for the A/c Keys
And then create Tax Code in FTXP for Service Tax.
Enter tx code in PO
During MIRO accountign will be
Vendor A/c - Cr
GR/IR Clearing - Dr
Service Tax A/c - Dr
Ed Cess on ST A/c - Dr
Sec. Ed Cess on ST A/c - Dr
And then utilize the Service Tax Values by specifying these GL Accounts in selection screen of J2IUN
Under u201CCross utilization b/w Service tax and CENVATu201D Tab
u2022 Service tax credit account -
u2022 ECESS on ser tax account -
u2022 SECess on ser tax account -
And utilize the CENVAT from Service Tax Accounts.
Also chk Check help.sap.com for more help
Reg
Raja -
Service Tax Condition record - Table-3 and access sequence MWST
Dear All,
For maintaining the service tax conditon record , it is required to have the condition record to maintain under Tax classification table, which is available in access sequence MWST or we can add this condition table( table no :3) in any other access sequence and that access sequence needs to be assigned in Service tax condition type i.e JSRT, becasue system will check the rates from the table A003 while doing the service tax transfer from intermediate account to service tax account in report RFUMSV50.
But the issue in there is NO validity period defined in the condition table : 3 , which signifies that we can not maintain the service tax condition record along with the validity period.
Is there any way , we can add validity period field in Tax classification table.
and how can we see the maintainace of Taxes table , is there any T.code avaiable for the same, as I could't find the same.\
Please suggest.
Thanks & Regards
NitinHi Nitin,
SD can give validity period for a tax code either for an individual customer or for all the customers through their pricing conditions.
Aravind -
Hi guys,
Can we avail service tax credit like credit for Excise Duty. What is the transaction code the same?
I will reward if anybody is give solution to thisNo in standred sap system there is no tcode by whic u can have Service tax reg.
but u can set of ur service tax account against ur cenvat in tcode J2IUN.
reward if usefull
Message was edited by:
Umakant Bhangale
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