Financials for India - EBS (MOSC)

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GST- Item classification for Service under REV Charge recoverable nature

edited Jun 10, 2017 11:07AM in Financials for India - EBS (MOSC) 7 commentsAnswered

Hi Vaishali,

what will be the item classification for service items which are Recoverable in Nature.

I made REV charge tax code with Recoverable and applied against  Service item which is classified as Services in Item classification with Recoverable Flag Y

But after Two way PO  the accounting for REV debited to EXP account instead of Interim Recovery account.

so request you pl suggest correct item classification fro Service items with Recovery Y.

Thanks

Thirveni

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