Prepayments inclusive of service tax
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