Service tax settlement for partial payments
AP invoice - Expense- Rs 1000, Service tax- Rs 100
AP payment- Rs 1100
There is a corresponding AR invoice with service tax for the customer
AR invoice- Revenue- Rs 2000 Service Tax Rs 200 Total- Rs 2200
If we receive the full payment from the customer then the service tax payable is 200-100= Rs 100.
Consider a scenario wherein only part payment is received from customer This being the case is there a flexibility wherein only partial service tax can be paid to the service tax authority during settlement. Or does Oracle impose a restriction that the entire outstanding to the service tax authority has to be paid.