how to use RFUMSV50

[govind_gogate2]

Dear All,

I have not used this Program (RFUMSV50) earlier. Is it a new addition for Service Tax settings in India?

We used to post Service Tax Input to One Intermediary account. Whenever the vendor is paid, we used to transfer the service tax component from Intermediary account to Service Tax Receivable Accout.

This account is used in Cenvat Utilisation.

Now I have come across this Program. How to use it? Do you need any separate configuration?

Pl advice,

Thanks & regards,

Gov

[Former Member · Accepted solution]

Please be informed that , as stated the service tax is accounted for in the interim account and then transferred to the credit account based on the payment.

This new program is for the automation of transfer of service tax from interim to final account. The program has certain selection parameters which can be used and posting done.

This requires the change in the tax code configuration. The concept of Source and target tax code is being used and assignment of Interim accounts to source tax code and final accounts to target tax code.

You may refer SAP note

Sl. No. SAP Note

1 921634 u2013 Service Tax India Transfer from Interim to Final Account

2 1076339 RFUMSV50: Invoices with withholding tax

3 1076653 RFUMSV50: Error 891 for Invoices with withholding tax

4 1130592 RFUMSV50: Invoices with several tax codes

6 643273 FB01:Summarization BSET with u201CDetermine taxes line by lineu201D

7 1162059 RFUMSV50: Wrong amounts for invoice with many BSET lines

8 1017544 RFUMSV50: FF804 Payment with residual items in invoices with

9 1168751 RFUMSV50: Multiple Tax codes service tax transfer

Regards,

Mamta Sarda