Financials for India - EBS (MOSC)

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How to Handle Service tax included in Prepayments/Advances

edited Apr 23, 2009 2:18AM in Financials for India - EBS (MOSC) 1 commentAnswered
 Hi, everybody,

We are using Oracle eBs version 11.5.10.2 with India Localization.

As you all aware, as per the legislation amended in the year 2008,service tax need to be

paid/to be collected at the time of making prepayments to vendors /at the time of collecitng

advances from customers.

As we all know,service tax setups are in PO, and how we can capture while making prepayment

invoices in AP ?

Regards

A.V.Prasad

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