Financials for India - EBS (MOSC)

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Service Tax Accounting in case of RTV in R12

edited Jan 13, 2015 12:23AM in Financials for India - EBS (MOSC) Question

HI,

In previous year we had claimed Service tax recovery by PO Receipt as follows:

Service Tax Interim Recovery   Debit

To AP Accrual                              Credit

Run Service Tax Processor

Service Tax Recovery           Debit

To Service Tax Interim Recovery      Credit

Now in current year we have performed RTV for the above Po Receipt and entry generated by system is

AP Accrual                         Debit

To Service Tax Interim Recovery  Credit

Now there is a Credit balance in Service Tax Interim Recovery, how to square off this?

Please reply

Rgds

Praveen

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