ServiceTax Advancepayment Interim accounts

lally
lally Member Posts: 323
edited 2012-01-23 in NAV/Navision Classic Client
Hi All ,

I am working on NAV 2009.

Service Tax is calculated on vendor advance payment & Customer Advance Payment.

When you make an advance payment to Vendor , Program will not create any G/L entry for service tax amount in Interim accounts

When you make an advance payment from Customer , Program will create any G/L entry for service tax amount in Interim accounts

Can i know why interim accounts are posting for sales only ?

Thanks in Advance.
lally

Comments

  • vipin_poulose
    vipin_poulose Member Posts: 36
    Check your Service Tax Setup and the accounts given for receivable and payable.
  • lally
    lally Member Posts: 323
    edited 2012-01-21
    vipin poulose wrote:
    Check your Service Tax Setup and the accounts given for receivable and payable.

    It is not the setup problem.
    lally
  • lally
    lally Member Posts: 323
    Please share the thoughts of NAV IN High Profile people .
    lally
  • ssingla
    ssingla Member Posts: 2,973
    lally wrote:
    Please share the thoughts of NAV IN High Profile people .
    I would be glad to know about High Profile People :mrgreen:

    Regarding your query have you imported "POT" update. If Yes then check the case where is POT is marked true (no interim entries).
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lally
    lally Member Posts: 323
    ssingla wrote:
    I would be glad to know about High Profile People

    People like you Mr.SSingla ,....... :wink:
    ssingla wrote:
    Regarding your query have you imported "POT" update. If Yes then check the case where is POT is marked true (no interim entries).

    Yes , I had imported the POT functionality and POT is True. Purchase advance paymnet transactions no interim accounts , but sales advance payments transactions from customers interim accounts.

    let me know is it bug or missing functionality.
    lally

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