Service tax

ajaykt_2000
ajaykt_2000 Member Posts: 81
edited 2010-03-25 in NAV/Navision Classic Client
Dear Expert
I want to calculate and post service tax my scenario is vendor is a transport vendor and erase bill Rs 10000.00 without service tax calculation i want to calculate service tax on 25% of this ie 2500.00
Service Tax amount 257.00 (approx)
But I want to credit Vendor on 10000.00
not in 10257.00 if there is any setup please tell me in details
ajay k tripathi
Functional Consultants

Comments

  • ssingla
    ssingla Member Posts: 2,973
    Have you checked the GTA functionality in NAV IN localization.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ajaykt_2000
    ajaykt_2000 Member Posts: 81
    Dear Singla
    ya i am checked GTA functionality i tick GTA in vendor card TAx information but calculation is based on whole amount not in 25%.
    My setup is Service TAx 10% Ccess 2% Ecess 1% and Abatment 75% but in GTA calculation value is 10000.00 on above example But in my case service tax base amount is 2500.00(ie 25%of main amount. If there is any setup Please tell me in Details
    ajay k tripathi
    Functional Consultants
  • ssingla
    ssingla Member Posts: 2,973
    That is exactly the purpose of abatement. 75% abatement will reduce the base value to 2500/- for calculation.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ajaykt_2000
    ajaykt_2000 Member Posts: 81
    but in my case the service tax base amount is 10000.00 not in 2500.00 I want to calculate service tax on 2500.00 . i dont know if there is any other setup for that in purchase header or any where else.
    Because when i remove check mark on GTA field in vendor card the service tax calculation is on 2500.00 base value but in this case vendor credit on 10000.00+257.00.
    but i want to credit vendor on 10000.
    ajay k tripathi
    Functional Consultants
  • ssingla
    ssingla Member Posts: 2,973
    Have you tried posting the purchase invoice with GTA=TRUE?
    Also have a look on statistics form. It will show Service Tax Amount but will not add the amount in the Total value meaning Vendor will be credited with base amount (10000/- in your case).
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ajaykt_2000
    ajaykt_2000 Member Posts: 81
    you r right but my problem is if we use GTA then System ignore Abatment % and calculate service tax on full amount i want to calculate service tax on 25% of full value. Remaining is ok.
    ajay k tripathi
    Functional Consultants
  • ssingla
    ssingla Member Posts: 2,973
    Have you placed tick mark on Declaration Form (GTA)?
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ajaykt_2000
    ajaykt_2000 Member Posts: 81
    \:D/ Yes it's done. Thanks alot.
    ajay k tripathi
    Functional Consultants

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