Service tax- balance utilisation agaist Liability

manas123

Hi

I would like to handle following transaction.

Service tax liability (payable) Rs. 10000

I need to settle this against Service tax balance available in the books and not to be paid through bank.

What is the procedure to settle this transaction? (Like Ex.duty liability can be settled against balance available in RG books)

Thanks in advance

REgards,

Manas

ssingla

Refer to user manual :
17418_ Excise as Service Tax Credit_Feature Instructions Guide
of HF2 NAV 4.0 SP3 IN version.

manas123

I have read the manual. However i want to handle situation of Service tax credit available balance and i need to utilise against service tax liability. In the manual excise as service tax is available but nowhere service tax credit balance utilisation against service tax liability is available.

I want to Debit Service tax amount against service tax credit balance.
e.g. Service tax credit balance available is Rs.10000 and there is a liability of output service e.g.rent Rs.1000
In this case i want to debit in Service tax books. After settlement balance shd be Rs.9000.


Can u pls help?

Thanks
Manas

ssingla

Use the payment functionality.