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Financials for India - EBS (MOSC)

Service Tax Reverse Charge Accounting

Oct 20, 2015 9:10PM edited Oct 30, 2015 10:08AM in Financials for India - EBS (MOSC) 3 commentsAnswered

When the accounting for Service Tax Recovery will happen for Reverse Charge Tax Code?

R12.2.4 gives option of Tax Point Basis - Invoice or Payment when creating 'Reverse Charge Tax code'.

I chose Invoice but it didn't create any accounting for Service Tax. Shall I pay the invoice first?

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