Payables and Cash Management - EBS (MOSC)

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Prepayments inclusive of service tax

edited Sep 30, 2015 12:38AM in Payables and Cash Management - EBS (MOSC) Question

Hi, In some cases we need to make prepayments for the  amounts inclusive of Service Taxes (Example stock exchanges services) ( Bill amount 100000 Service Tax 14%, total 114000), as the case we make prepayment for entire Rs.114000/- , out of which TDS to be deducted on base amount ie Rs.10,000/-. Please suggest how to handle these prepayment to deduct on base amount and later application of the same to Standard invoice. We gave end date for each tds code in  JAI_TDS_SECTION_SERVICE in ASIA PACIFIC Localization lookups. Regards, Gupta.K

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