Service Tax Process for Credit balance
Hi All,
We have only Service Tax Credit Balance in our Organization,No Debit Balance
In Period End,What is the Process in this case?
Incase of Normal Process
If we have both Cr and Dr
1.Running the India-Service Tax Process
2.Service Tax Repositary is Updating
3.If any Debit balance is more than Credit Balance => We will process and Pay the Liability to Service Tax Authority
When we click the Process,an AP Invoice will create against Service Tax Authority.And Will make the Payment.
After making the Payment to ST Authority,Net balance will goes to 0?
How do we go for Settlement and Claim process incase of Only Credit Balance?