on 09-29-2008 9:14 AM
hi,
my requirement is to make the service tax for foreign vendor is cenvatable as for thelegal changes .. so can any one say the procedure how to make the service take as cenvatable and what is the cysle to follow..
to be clear..briefly..
say serv charge is 100 usd.
serv tax is 14 usd
total vendor account 114 usd
but i want this tax amount 14 usd to be utilized for cenvat not to be credited for the vendor,,
regards,
Manu.
The flow is same,
PO-MIGO-MIRO
But when u do the cenvat utilization in T.code J2IUN, there is a tick box to avail setoff of cenvat amount with the service tax payed.
Hope this helps
Regards
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Hello
You can avail the CENVAT credit on service tax payed for services. Then why u want not to pay that to the vendor?
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Hi,
Search for the SAP note on OSS.
In brief steps to configure the service tax cevatable is-
1) Create the 3 sevice tax consitions service tax 12%,ECS St 2%,SECS St 1% resp.(t-Code OBYZ)
2) Create 3 account keys for the same
3)insert these three conition types in the tax procedure.(t-Code OBYZ)
4) Assign the G/L account in OB40.
5)Create the Tax code for the same.
6) Most inportant is to assign the condition types in the classify condition types.
run the scenario.
regards,
sujit
Dear Manu,
J2iun is the month end activity.
it is T-code for monthly utilisation of the cenvat credit available against the excise payable.
u have to do this activity before 5th of every month.
In J2iun T-code u can use Service tax paid for taking setoff against Excise duty payable.
to user service tax paid
First u hav to get find the paid sevice tax to vendors.
Then make JV of that amount from service tax clearing account to service tax paid account.
and use that service tax paid account in the Screen of J2iun.
where u can easily find the place where to put service tax account.
regards,
sujit
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