Financials for India - EBS (MOSC)

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Reverse Charge Service Tax on foreign currency invoice, accounting not happening in INR

edited Mar 19, 2014 10:57AM in Financials for India - EBS (MOSC) 4 commentsAnswered

Hi,

We have created an invoice for a vendor in USD and applied Reverse Charge Service Tax on base line in USD.

While checking the accounting, found the base amount got multiplied with exchange rate and values in INR.

But, reverse charge service tax specific entries still in USD.

Any pointers in this regard shall be helpful.

Regards

Saurabh Singhal.

+91 - 8884111518.

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