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.
please advice where is the correction required.
Edited by: Hussein  Merchant on Aug 17, 2009 7:49 AM

Similar Messages

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

    Hi
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    To SR / IR A/c...
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    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

  • 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 credit in TAXINN Process.

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    Yogesh Walde
    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.
    Thanks,
    Gordon

  • 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.
    A Batch Input is generated but with ZERO Transactions, where-as the system displays (as mentioned earlier) several invoices applicable for Service Tax Credit.
    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.
    RFUMSV50 is to be executed in SM35.
    follow this procedure, do let us know your results and to guide you for further action.

  • CIN: How to transfer service tax credit from interim a/c to final a/c.

    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.
    The transfer of service tax credit from interim a/c to final a/c happens when i run the report S_AC0_52000644(Deferred tax transfer), but from April 2011 this is not happening?
    Any idea on why the service tax credit from interim a/c is not getting transferd to final servic tax a/c?
    When i run the report it shows list contains no items?

    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?
    2. when i'm running program  S_AC0_52000644 system saying for selected company code no deferred tax. what is the problem ?
    3. how can i clear the service tax open item witch is posted Dr at the time of invoice? what is the process ?
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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.
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    Hi,
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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.
    Thanks.
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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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  • SErvice tax credit - reg

    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 this

    No in standred sap system there is no tcode by whic u can have Service tax reg.
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    reward if usefull
    Message was edited by:
            Umakant Bhangale

  • Service Tax credit in SAP B1

    As per new rules from Govt (India), companies can now avail credit on Service Tax at the time of booking an AP invoice. However, to the best  of our knowledge SAP B1 (upto version 8.81) does not have this functionality. It expects an outgoing payment to be made before it can show the credit in the Tax Payment Wizard. We request experts to advise on how to handle the scenario of availing credit on Service Tax based on AP invoice booked.

    Hi,
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    Thanks,
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  • Utilization of Cenvat Credit from Service Tax Payable.

    Hi,
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    Case: We are a Company where we donot manufacture and sell items. But we do provide services to our customers. Hence we would like to take the Cenvat input credit from the materials that we buy for our requirements and would like to utilize the Service tax that we would have to pay to Government (On our service contracts with customers).
    During the process our RG23A Part-I, Part-II, RG23C Part-I, Part-II have been updated properly. Service tax entries for A/P and A/R have been posted successfully. And the next i am trying to do is utilize Service tax credit (AR) with Cenvat credit available from RG23A, and RG23C by using Transaction code: J2iUN.
    I am using the option pay Service tax from Cenvat Cr.
    Issue:
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    Balancing field " Profit center " in line item 001 not filled. Message ID: GLT2201.
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    Cenvat Education Cess A/c Cr
    Cenvat Hig Sec Education Cess A/c Cr
    Our Company code is active for Document Splitting with Profit center as a mandatory field.
    Looking forward.
    Thanks and Regards,
    Purna.

    Dear,
    As per your description its look like you have follow standard procedure.
    Only thing is that when you do J2IUN, Input Business Area on Selection screen to avoid profit center error.
    Let me know if you still getting any error.
    Regards,
    Rajesh koladiya
    Edited by: Rajesh Koladiya on May 7, 2010 5:09 PM

  • Input tax credit service tax

    Hi Gurus
    As everyone knows service tax credit can be taken only when it is paid to vendor. How this problem is solved in SAP. I mean when i make payment to vendor the entry for service tax entry should be passed.
    Useful answer will be assign with points.
    Regards
    NNS

    hi,
    We had similar problem in our company.  We have developed a zreport which gives the information of vendor invoices that are paidt.  Based on the report, we are manually transferring the amounts from input service tax clearing account to Service tax credit account.
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    Rajanikanth

  • Service Tax Effects to be checked in case of Booking of IMPORT INVOICE

    Dear All
    Please suggest the process for following :-
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         At time of Booking of Invoice for Import of Service                               
                                  Item      Nature
                   Normal Accounting Document                    
                        Dr     Expenses Ledger     P&L     Expenses
                        Cr     Party Account     Bsheet     Liability
                        Cr      TDS On Fees      Bsheet     Liability
                   Service Tax Document                    
                        Dr     Service Tax (Accrued)      Bsheet     Assets
                        Dr     Cess on Service Tax (Accrued)      Bsheet     Assets
                        Dr     SHE Cess Service Tax (Accrued)      Bsheet     Assets
                        Cr     Service Tax Payable (Interim) A/c     Bsheet     Liability
                        Cr     Cess on Service Tax Payable (Interim) A/c     Bsheet     Liability
                        Cr     SHE Cess  on Service Tax Payable (Interim) A/c     Bsheet     Liability
         At time of Making Payment of above Invoiced in Full & Final                               
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                        Dr     Party Account     Bsheet     Liability
                        Cr     Bank Account     Bsheet     Assets
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                        Dr      Service Tax Payable (Interim) A/c     Bsheet     Assets
                        Dr      Cess on Service Tax Payable (Interim) A/c     Bsheet     Assets
                        Dr      SHE Cess  on Service Tax Payable (Interim) A/c     Bsheet     Assets
                        Cr     Service Tax Payable A/c     Bsheet     Liability
                        Cr     Cess on Service Tax Payable A/c     Bsheet     Liability
                        Cr     SHE Cess  on Service Tax Payable A/c     Bsheet     Liability
                   Payment of Service Tax                     
                        Dr      Service Tax Payable A/c     Bsheet     Liability
                        Dr      Cess on Service Tax Payable A/c     Bsheet     Liability
                        Dr      SHE Cess  on Service Tax Payable A/c     Bsheet     Liability
                        Cr     Bank A/c     Bsheet     Assets
                   After Payment of Service Tax , the following document shall post into system                    
                        Dr     Service Tax Receivable      Bsheet     Assets
                        Dr     Cess on Service Tax Receivable      Bsheet     Assets
                        Dr     SHE Cess Service Tax Receivable     Bsheet     Assets
                        Cr     Service Tax (Accrued)      Bsheet     Assets
                        Cr     Cess on Service Tax (Accrued)      Bsheet     Assets
                        Cr     SHE Cess Service Tax (Accrued)      Bsheet     Assets
         At time of Utilisation of Service Tax Credit agianst Cenvat Liability                               
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                        Dr      Cenvat Cess Payable A/c     Bsheet     Liability
                        Dr      Cenvat SHE Cess Payable A/c     Bsheet     Liability
                        Cr     Service Tax Receivable A/c     Bsheet     Assets
                        Cr     Cess Service Tax Receivable A/c     Bsheet     Assets
                        Cr     SHE Cess Service Tax Receivable A/c     Bsheet     Assets

    HI, i think 2 possible ways are there.
    1. Post the difference amount to service tax G/L Dr & vendor CR throgh FI JV posting and do vendor payment. or
    2. create Credit memo for privious miro and Cancel the Previous service entry sheet and do the fresh SES & MIRO after changing the values in PO.
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  • Service Tax Treatment in case of Crebit Note in Deferred Tax Transfer Prog

    Dear All,
    I have done the Configuration related to the Deferred Tax Transfer Programme and also its working fine. Incase regular case, that booking vendor invoice then make the vendor payment & then transfer the service tax credit from Interim Account to Final account through the Deferred Tax Transfer Programme.
    Now my issue is I have two cases
    1. I have booked a Vendor Invoice & also make a payment of that invoice to Vendor and also transfer the serice tax through Def Tax Prog and afterwarsd we received a credit note of 50% with Ser Tax
    2. I have booked the vendor invoice but not make the vendor payment & I received the credit note for the 50% with Ser Tax
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    Points will be fully assured for helpfull answer.
    Regards,
    Sandeep

    The problem is solved

  • Service Tax for transfer from Interim to final account

    Dear Guru's,
    We are following the TAXINN Procedure. we are at SAP ERP ECC 6.00 version.
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    1. First of all, whether this Note is applicable to the TAXINN condition procedure or not.
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       - Maintain the deferred tax rule.
       - Assign deferrred tax rule to company code
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    Thanks for your cooperation.
    Thanks and Regards,

    These are all Part Of FI MM Integration, Discuss with your Finance Team.
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