How to: Enter Opening Balances for Service Tax
You can enter opening balances for vendor invoices that have pending payments, if the service tax was calculated when the invoice was created.
You can also enter an opening balance for a vendor invoice when partial payment has been made to the vendor. The service tax is calculated when the invoice is created.
Initially, you must enter the opening balance of the vendor invoice, including the service tax amount, and enter any payments that you have made to the vendor. You must create both of these entries before you can enter the opening balance of the service tax.
To enter opening balances for service tax
In the Search box, enter ServiceTaxOpening, and then choose the related link.
Fill in the required fields as described in the following table.
Field Description Batch Name
The service tax opening journal batch name.
Type
Specify Purchase for the type of transaction.
Transaction No.
The vendor transaction number. This value is retrieved from the Vendor Ledger Entry table. For more information, see Vendor Ledger Entry Table.
Service Tax Group Code
The service tax group code.
Service Tax Registration No.
The service tax registration number.
Service Tax Base Amount
The base amount for the service tax. After you enter the service tax base amount, the eCess Amount and SHE Cess Amount values are calculated based on the service tax setup. For more information, see How to: Set Up Service Tax.
On the Actions tab, in the Posting group, choose Post.
Choose the OK button.
See Also
Tasks
How to: Set Up Service Tax
How to: Calculate and Apply Service Tax on Advance Payments
How to: Make Adjustments in Service Tax Entries
How to: Calculate Service Tax Using Cash Payment Vouchers
Concepts
Other Resources
Vendor Ledger Entry Table
Service Tax Opening Table
Service Tax Opening Window