Service Tax Opening Balance

bharat_kothari
bharat_kothari Member Posts: 15
edited 2010-03-30 in NAV/Navision Classic Client
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

Comments

  • kriki
    kriki Member, Moderator Posts: 9,132
    [Topic moved from 'NAV 2009' forum to 'NAV/Navision' forum]
    Regards,Alain Krikilion
    No PM,please use the forum. || May the <SOLVED>-attribute be in your title!

  • chengalasettyvsrao
    chengalasettyvsrao Member Posts: 711
    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
    ssingla Member Posts: 2,973
    you should refer to feature instruction manual included in HF2 of NAV 4.0 SP3
    CA Sandeep Singla
    http://ssdynamics.co.in

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