Service Tax Settlement

Hi,

We have the below requirement which our client insists as part of compliance. Below is the case :

The client has two Service Tax Type on output Liability 

a. Transportation of Goods by Coastal Shipping   

b. Supply of Tangible Goods 

And on the Credit Recovery he has various Service Types 

Both the output liabilities need to accounted to separate Service Tax Liability GL accounts, for which the Business maintains Opening Balance - Liability for the month and credit utilized/paid against each Service Type Liability.

To achieve the above solution, I have created a three inventory organizations :

a. Coastal Goods