Dear Experts,
I have configured Reverse charge on Service Tax.
Now I need to verify the same, in which screens or reports can be analysed in order to view the effect.
Best Regards
JO
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Hi Saurabh,
I tried the reverse charge 100% towards Advocate Fees. (purchase invoice)
However, the entry was as follows..
Legal Fees 100,000
Service Tax Receivable 12,360
To Advocate 112,360
I think the entry should be as follows:
Legal Fees 112,360
To Service Tax Payable 12,360
To Advocate 100,000
Am I right?
--- JO
Thanks Saurabh,
Hi jiju,
Do you get your answer or let me know if more information needed.
Don't forget to Verify the post(s) that solved your problem
Regards,
Saurabh Shah
Hi Jiju,
You need to check the GL entrues after transaction posting. Make sure that POT is selected.
Like against 100% Tax = 75 % will go to Payable interim and 25% will go to service tax receivable account based on your account mapping.
Regards,
Saurabh Shah
Hi jiju,
Please follow below link for details.
msdn.microsoft.com/.../dn455743(v=nav.71).aspx
Regards,
Saurabh Shah
Don't forget to Verify the post(s) that solved your problem
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