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Financials for India - EBS (MOSC)

Can we have two different Liability accounts at Tax regime (VAT) India Localization

Jun 20, 2015 8:45PM edited Jun 20, 2015 8:45PM in Financials for India - EBS (MOSC) Question

In India Localization, VAT is the Tax regime.

Under this Tax regime, two tax types Value Added Tax & Central Sales Tax. At tax regime registration, we have only one Liability Account.

Our requirement is to have two different liability accounts VAT & CST tax types for control purpose.

How to handle this scenario?

One more query is at month end, is VAT liability invoice gets created on VAT Authority automatically or need to enter manual invoice AP.

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