Service Tax credit posting not happening at the time of Service Entry sheet

Hi
I am accepting (releasing) service entry sheet of some services. Entry was posted:
Service Expense A/c.. Dr
To SR / IR A/c...
As per new service tax law, we can take credit at the time of accrual of services i.e. at the time of accepting service entry sheet. But the service tax posting is not done at the time of expense booking (see above entry). Service tax posting is done at the time of MIRO (invoice verification).
Entry Requirement:
Service Expense A/c.. Dr
Ser Tax Basic A/c... Dr
Ser Tax EC A/c... Dr
Ser Tax SHEC A/c... Dr
        To SR / IR A/c...
Please help how to take credit at the time of posting service entry sheet itself.
Edited by: Meenu_ND on Aug 5, 2011 1:39 PM

HI All,
I hope what he (Meenu_ND) menctioned int he first thread was correct. Service Tax Credit you can avail at the time of Invoice Booking or the Payment and not at the time of Service Etnry Relise. Please check once.
Regards

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Service Tax credit entry not happening at the time of Service Entry sheet

Hi
I am accepting (releasing) service entry sheet of some services. Entry was posted:
Service Expense A/c.. Dr
    To SR / IR A/c...
As per new service tax law, we can take credit at the time of accrual of services i.e. at the time of accepting service entry sheet. But the service tax posting is not done at the time of expense booking (see above entry). Service tax posting is done at the time of MIRO (invoice verification).
Entry requirement:
Service Expense A/c.. Dr
Ser Tax Basic A/c... Dr
Ser Tax EC A/c... Dr
Ser Tax SHEC A/c... Dr
        To SR / IR A/c...
Please help how to take credit at the time of posting service entry sheet itself.
Edited by: Meenu_ND on Aug 5, 2011 1:38 PM

HI All,
I hope what he (Meenu_ND) menctioned int he first thread was correct. Service Tax Credit you can avail at the time of Invoice Booking or the Payment and not at the time of Service Etnry Relise. Please check once.
Regards

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

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

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Tax Amount is not capturing at the time of GRN

Dear friends
i have created a PO with VAT+Sur cahrge tax code
The system is calculating the total taxable privea nd value in PO
While doing GR,System is not capuring at the time of GRN it is only capturing the price without taxes
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Dear Sanjay
thnks for your replay
But how can I add these values(vat-5% and Surcharge-10% on vat ) in to inventory acount
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Service Tax Credit Avilable is not showing in Tax Payment Wizard .

Hi Experts
I am working on SAP B1 2007B PL 08. I made some entry of service tax in AP invoice and AR Invoice. I also made outgoing and incoming payment for these invoices. But in Tax Payment Wizard Service Tax Credit is not showing however with the same tax code in AR invoice Service Tax Payable is showing. I check all the master setting with OEC database. There is no difference between them. Tax code Type is Service Tax and Input and output Tax Account are properly maped. Anybody can tell me what can be reason.
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Edited by: Paul Finneran on Oct 15, 2009 12:36 PM

Dear Gorge, How do you arrived at the result? plz can u say me?
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Last Year available Service Tax Credit not appearing in J2IUN

While doing CENVAT Utilization thru J2IUN, Last year service tax available Credit balance is not appearing, Only Current year balances are appearing.
Example: Opening in service tax credit account:      1,50,000.00
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Hi,
Please check the G/L account (FS00) whether it is "Profit & Loss Account" or "Balance sheet account". If it is P&L account, the balances of last year won't be coming. Please check with FICO consultants.
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Hi,
When a service vendor raises an invoice on our company we post the vendor invoice.At that time the service tax paid goes to the interim service tax a/c.
When we make payment to the vendor the Service tax credit balance is transfered from interim a/c to final service tax a/c. The final service tax a/c is then used for utilization of service tax to be paid for output services.
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Dear Sanjay,
I have a few doubts in Service tax.
1. while posting the service tax got Dr and when i'm giving the payment to vendor in the service tax amount no change. you said when you do the payment the service tax amount transfer from interim account to Main a/c. can you give me the solution what i have done mistake and what i need to do till to rectify it?
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3. how can i clear the service tax open item witch is posted Dr at the time of invoice? what is the process ?
can you please give me the solutions i have strucked at this stage in service tax. please help to come out from this problem.
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Service Tax Credit

Dear Experts,
I have assigned Target Tax Code to the Interim Tax Code to avail Service Tax Credit on actual payment basis. when i run F.38, Defer Tax, i m unable to post the transfer from Interim Account to Main Tax Credit Account.
please help me in configuring / correct processing further.

Thank you Experts,
i m now able to execute RFUMSV50. I have also mentioned Target Tax Code in the properties of Interim Tax Code. I have fully paid invoices for which i m making trials for transfers.
I m able to generate a batch input session. But the session in SM35, shows ZERO transactions to be processed and therefore are no transfers from Interim Account to Main Account happens.
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Edited by: Hussein Merchant on Aug 17, 2009 7:49 AM

Service Tax credit in TAXINN Process.

Dear All.
Is it mandatory to transfer of Credit from the Interim Service Tax Account to the Final Service Tax Credit Account after the Vendor's Invoice has been paid for.Is there any other alternative to this.We are on ECC 6.0
Do we need to define the seperate tax code for taking credit as described in Note 921634.Also the note 778976 describes the process for TAXINJ as MWST access sequence is used in TAXINJ.
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MM Consultant
Edited by: Yogesh Walde walde on Mar 27, 2008 4:05 PM

Hi,
Because it is a new legal requirement, you need to find a way to log the requirement ASAP to SAP so that R&D team can put it on a priority list.
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Service Tax Credit : India

Experts,
Need your help
when a run program RFUMSV50....the system displays can see all those Service Tax Invoice which are paid and whose Service Tax Credit can be availed, but i do not find any Transfer postings from Interim to Main Service Tax GL Accounts, ie from Interim Tax Code's GL to Target Code's GL.
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Edited by: Hussein Merchant on Oct 5, 2009 8:39 AM

Hi SV Raj,
First please check your Interim Tax Code percentage maintenance in FV11/12.
Create a Tax Code similar in FV11 and with same percentage like Interim Tax Code, this will be your Target Tax Code.
Assign this Target Code to your Interim Tax Code in T-code FTXP, initial screen.
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follow this procedure, do let us know your results and to guide you for further action.

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Dear SAP expert
Subject:-Tax reduction in invoice is not possible at the time of LIV when corresponding order is closed.
While carrying out the LIV of vendor invoice against service entry sheet , ERROR message of Order xxxxxxx created in PM module is closed. Main reasons for the same is Service tax at time of service entry sheet is 12% and at the time of invoice verification it is 3.96% and reduced tax amount is credited to order. Which we can say is restricted as after Order closure cost cannot be changed on order.
Is there any solution available?
s ap

Hi,
In response to your requirement:
let me clear my business scenario...
total price of po is usd100 and sales tax is 20%.
system calculate sales tax separate the reason being the codition type for sales tax is statistical.
is it possible that the value of sales tax included in the PO net price but not calculate at the time of GR.
Regards,
Ali
This is very much possible. Include your tax condition type in the calculation of net price and make this tax as deductible.Donot assign NVV key to it.
Also donot make it statistical as you want to include it in the net price calculation.
Thanks,
Atal

Sales tax in PO but not included at the time of GR

Hi,
i have creted the PO including sales tax amount, is there any way when i post the GR against this PO the sales tax amount not calculated.

Hi,
In response to your requirement:
let me clear my business scenario...
total price of po is usd100 and sales tax is 20%.
system calculate sales tax separate the reason being the codition type for sales tax is statistical.
is it possible that the value of sales tax included in the PO net price but not calculate at the time of GR.
Regards,
Ali
This is very much possible. Include your tax condition type in the calculation of net price and make this tax as deductible.Donot assign NVV key to it.
Also donot make it statistical as you want to include it in the net price calculation.
Thanks,
Atal

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Detail
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StackTrace
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Service Tax credit posting not happening at the time of Service Entry sheet

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