Financials for India - EBS (MOSC)

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Can GTA transactions be shown separately in settlement form like RCM

edited Aug 31, 2015 10:03AM in Financials for India - EBS (MOSC) 2 commentsAnswered

Hi Experts


Greetings !!

There is a requirement of client where they need separate GTA settlement form (like Service Tax Reverse Charge settlement) with reverse charge enabled. As we know reverse charge option is only available for Service Tax regime and not for others.I suggested workaround below.

1. Did setup for GTA like RCM by selecting Tax type as Service Tax with reverse charge enabled.

2. Created Service Tax category and users passed transactions.

3. Then same process followed to get transactions in settlement screen under Service Tax column.

4. Suggested users to find out the GTA transactions by running Program-Service Tax Analyser report for reconciliation.

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