Service tax Receivable and payable adjustment automatically

Question

Dear GURU,
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
To Service Tax Payable 500
To Rental Income A/c 19500
(Or)
Service Income
(Provision Entry only)
31.01.2008(MM)
Security Charges 4750
Service Tax Receivable 250
To Vendor A/c 4950
To TDs Payable A/c 50
(Provision Entry Only)
On Incoming Payments from Customers (05.03.2008) (FI)
Bank A/c 19500
TDs Receivable 500
To Customer A/c 20000
(Required Automatically (or) Control) – 05.03.2008
Service Tax Payable 500
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
Service Tax control A/C 250
To Service Tax Receivable 250
Please Note: The entries in Red Font are required to be passed automatically
pls suggest

Answer 1

Hye
You can not generate this entry auomatically.  Other option available is Create Tax code for Ex S1 assign  account service tax controll account and create another Tax code Say T1 assign GL Service tax cenvatable ( With Target TAx Code as S1).  You have to maintain the Service tax controll item with open item management.
On a periodical basis you execute f.38 transfer the Data from S1 to T1 and adjust the eligiblie amount on a periodical basis.