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Service Tax credit reverse if payment not done within 3M
udayrmer
Member Posts: 171
Hi All experts
As per the Point of Taxation rule for service tax in Indian Localization, service tax credit can be availed on receipt of purchase invoice, which also can be utilized in payment of Service tax liability.
But it must be reversed if the invoice's payment not done within 3 months from the invoice. Is this scenario can be handled in navision. or any hotfix available for it.
My client using NAV 2009 R2.
Thanks in Advance
As per the Point of Taxation rule for service tax in Indian Localization, service tax credit can be availed on receipt of purchase invoice, which also can be utilized in payment of Service tax liability.
But it must be reversed if the invoice's payment not done within 3 months from the invoice. Is this scenario can be handled in navision. or any hotfix available for it.
My client using NAV 2009 R2.
Thanks in Advance
Uday Mer | MS Dynamics NAV Techno-Functional Consultant
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