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Charge Service Tax at time of Advance in FPCJ,FICA level

Former Member
0 Kudos
140

Hi All

Since the service tax rules have changed recently to charge service tax on advance or invoice whichever is earlier, whether SAP has provided any solution for this yet.



Basically my requirement is when a customer is paying an advance (FPCJ,FICA level), service tax should be charged on the advance. When the actual invoicing happens, service tax should be charged on the overall invoice. During shown-payment clearing, the service tax charged at the time of issue debit note.

Scenario:

Step 1 At the time of Receipt of Advance of Rs. 100.00+Service Tax Rs. 12.00

Say on 1st July 2012

1.       Dr. Bank A/c 112.00

          Cr. Advance from Customer (against Income) 100.00  **

          Cr. Advance from Customer (against Service Tax)            12.00 **

2.       Dr.  Advance from Customer (against Service Tax) 12.00  **

                                                                                Cr. Service Tax Payable 12.00

Note: _** 1. Separate line item need to be created in Customer account.

2. These line item will be open till the time Debit note is raised.


Has SAP provided a solution for this in ISU FICA level ...or any notes have been released specifically to address this...

Please tell me the Configuration steps,It would be a great help to me.

Thansk & Regds,

abash


3 REPLIES 3

0 Kudos
74

Hi,

Till Now, no such configuration are there in SAP to charge Tax at FPCJ Level.

0 Kudos
74

Dear Experts,

Any other option for Collecting service tax on Adcance payment in FICA level ?

Please suggest me your valuable solutions.

Regds,

Abash

0 Kudos
74

Dear All FICA Experts,

Can you provide me some tips and suggestions how to proceed and what external references or ideas can be used for resolve this issue.


Waiting for your valuable Solutions!!

Thanks & Regards,

Abash