Options

Service Tax payment

sandipsandip Member Posts: 58
Dear Sir

i want to know if the user has not done the service tax payment entry from the periodic activities and he is entered the transactions through the g/L account as direct entry for service tax payment.

In this cases what will happen about the service tax entry details ?

After year end all those service tax entries will come to new financial year as open or what ?

Please clarify me.

Thanks & Regards,
Sandeep Deshpande

Comments

  • Options
    ssinglassingla Member Posts: 2,973
    Yes.

    The only way is to process the entries as required by NAV IN localization and then pass a Journal Entry to reverse the G/L impact of the process.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • Options
    sandipsandip Member Posts: 58
    Dear Sir

    could you elobrate the solution what you have given ?

    which types of entries i have to pass in the sysem.

    Thanks & Regards,
    Sandeep Deshpande
  • Options
    ssinglassingla Member Posts: 2,973
    Pay service tax using the standard functionality and then pass a voucher to reverse the G/L impact. I hope that is clear to you.
    CA Sandeep Singla
    http://ssdynamics.co.in
Sign In or Register to comment.