Service Tax Set-Up

Barun
Barun Member Posts: 57
edited 2011-04-15 in NAV/Navision Classic Client
Hi All,
I want to know the functionality of the SERVICE TAX EXPENSES ACCOUNT field in Service Tax Set-Up window. Version= NAV 2009 SP1

Regards
Barunasis Dutta

Comments

  • ssingla
    ssingla Member Posts: 2,973
    The account is used when Outward GTA is used which is not available as input credit as per service tax rules.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • manjunathgovindu
    manjunathgovindu Member Posts: 1
    Hi singala,
    ssingla wrote:
    The account is used when Outward GTA is used which is not available as input credit as per service tax rules.


    I need some clarification for the same GTA Outward Transaction.. We can't use the service tax paid under "service tax expense account" as input credit. But when you see the FORM ST3 CENVAT credit taken and utilized Tab... this outward GTA amount is also coming...

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