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Replies: 3 - Pages: 1 - Last Post: May 21, 2008 2:56 PM Last Post By: srinivasarao cwa

srinivasarao cwa Service Tax Entries in SAP Reply

Posted: May 21, 2008 2:35 PM
Posts: 19
Registered: 5/21/08
Hi,
Forum Points: 0

Good Evening!

Can anybody provide Entries passed when we post any Service Charges(for example Housekeeping/Security Expenses) in SAP with
respect to Service Tax.

regards
Srinivas

RAVI C Re: Service Tax Entries in SAP Reply

Posted: May 21, 2008 2:47 PM in response to: srinivasarao cwa
Posts: 59
Registered: 5/9/08
Forum Points: 128 Hi Srinvivas,

The service tax would be controlled by the Tax code, which you create with respect to the Tax Country.

1) configure the Tax procedure

2) Create the appropriate Input and output service tax codes..
3) Maintain the relevant GL a/c to post these service taxes
4) Make the entry for house keeping exp with relevant input tax code....
The entry would be
house Keeping Exp Dr .....1000
Input Service tax a/c 120
TO house Keep vendor 1120 (1000+120)

so the input service tax would be in current assets...

5) If you charge any output service tax on your services to customer

Customer a/c Dr 1680 (1500 + 180 )

To Revenye 1500
To service tax payable 180

The balance of 60 Rs ( Output 180 - 120 input ) should be paid to Service tax authorities.

Thanks & Regards

Ravi C

Ramakrishnaraj R Re: Service Tax Entries in SAP Reply

Posted: May 21, 2008 2:53 PM in response to: srinivasarao cwa
Posts: 316
Registered: 4/25/07
Forum Points: 348

1 of 2 11/13/2010 3:02 PM
SAP Community Network Forums: Service Tax Entries in SAP ... https://forums.sdn.sap.com/thread.jspa?threadID=873211

Hi

For Service Invoice Journal Entry :

Vendor A/c CR
Housekeeping/Security Expenses A/c DR
Service Tax A/c DR

we can do this entry from FB60 / MIRO

hope you are clear , assign points if found useful

regards,
r.ramakrishnaraj

srinivasarao cwa Re: Service Tax Entries in SAP Reply

Posted: May 21, 2008 2:56 PM in response to: RAVI C
Posts: 19
Registered: 5/21/08
Forum Points: 0 Hi Ravi,

Thanks for your early reply. I am clear in Financial entries part, but I require entries passed in SAP when we post service charges
document.

like what type of clearing accounts we need to maintain.

regards
srinivas

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