Service Tax Opening Balance

bharat_kothari

Dear All,

There is a batch provided in Nav 2009 for taking the Service Tax Opening, can anyone guide me how to use that batch. will that bathch entires will get posted in Service tax interim account and will it be transfered to Service tax payable liability account once the payment is received and applied against that entry?

Thanks and Regards,
Bharat Kothari

kriki

[Topic moved from 'NAV 2009' forum to 'NAV/Navision' forum]

chengalasettyvsrao

a) First you have to complete the all setups related Service Tax to calucalate Properly.

b) you have to update vendor and customer balances in the system before entering the opening balances of service tax. Also update the payments related to vendor and customer. After entering invoice and payment for vendor and customer you have to apply both before entering the opening balances of service tax.
It is mandatory to update the vendor and customer ledger entry before entering opening balances of service tax.

ssingla

you should refer to feature instruction manual included in HF2 of NAV 4.0 SP3