Financials for India - EBS (MOSC)

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Is it possible to skip the Interim Liability Account in RCM service tax account?

edited Feb 23, 2017 10:26PM in Financials for India - EBS (MOSC) 2 commentsAnswered ✓

Hi,

We recognize the liability at the time of invoice validation.

For service tax, the interim liability account is defined at the time of regime registration. And when the invoice is validated the liability goes to this interim liability account. The actual liability is recognized only after running the Service Tax Processing program.

Is there anyway to bypass the interim account and also running the ST Processing program. This is a pointless step I feel and can be avoided.

Thanks,

Shankar

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