Service Tax setoff issues.

Question

Hello Experts,
Please explain, Deferred tax configuration because  I have done the standard configuration, but still when i run the program
RFUMSV50(Deferred Tax Transfer "new"), test run, i'm getting all the tax line items, but when i'm going for batch input session only few line items are coming.
What is process of Transfer service tax data from output interim to final.
Please explain what are the procedure for service tax transfer and what parameter should be selected while running RFUMSV50.
Please Help,
Thanks .
Maurya Shantanu
9763922284

Answer 1

The process flow of service tax is as under:-
                      for example:
1) FB60
                                 Sales Expense A/c Dr 5000
                                 Deferred Tax A/c  Dr  500
                                              To Account PayableA/c cr   5500
2)F110
                                 Account Payable A/c Dr 5500
                                            To Bank A/c    cr       5500
3)SE38 --> RFUMSV50
                                   Input Tax(V1) A/c Dr 500
                                              To Deferred Tax(D1) Cr 500
Cofiguration Procedure as under:-
1)   Check Routine Number.(VOFM)
2)   Check Function Modules.(FIBF/BF31)
3)   Active Country Version India for Specific Fiscal Years.
4)   Define Procedures.
5)   Define Tax Codes for Sales and Purchases Note: Create another
       Tax Code SA as copy of tax code DA
        without the option Target   tax code.(FTXP)
6)    Define Deferred Tax Rules.
7)    Assign Deferred Tax Rules to Company Codes.
Thanks & Regards,
Maurya Shantanu