(IND) Vendor invoices with service tax (form) [AX 2012]

Updated: September 7, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

Click General ledger > Periodic > India > Post service tax reversal or reclaim.

Use this form to reverse or reclaim the service tax credit on vendor invoices. The credit is reversed for vendor invoices that have been open for 90 days. After the invoices are settled, the service tax credit is reversed.

NoteNote

Service tax must be enabled before you can use this form. Click General ledger > Setup > General ledger parameters. In the Sales tax area, in the Apply India taxes field group, select the Service tax check box.

The following tables provide descriptions for the controls in this form.

Button

Description

Show data

Display open invoices for the vendor.

Voucher

View the original voucher entries for the invoice.

Reverse service tax

Reverse the service tax credit for open invoices.

Reclaim service tax

Reclaim the service tax credit for realized invoice amounts.

The information in the following fields is used for both the invoice lines that must be reversed and the invoice lines that must be reclaimed.

Field

Description

Vendor account

Select a vendor account to retrieve the invoice lines for that vendor account.

Start date

Specify the start date of the period for which to display transactions.

Posting date

Specify the posting date of the service tax transactions.

Invoice

Select the type of invoices to display. The following options are available:

  • Open invoices – Display open invoices that have service tax credits that must be reversed. When you select this option, the Reverse service tax button is available.

  • Realized invoices – Display realized invoices that have service tax that must be reclaimed. When you select this option, the Reclaim service tax button is available.

Invoice date

The date when the original invoice was generated.

Transaction date

The date when the transaction was posted.

Voucher

The voucher number that the transaction is attached to.

Name

The name of the vendor who is associated with the transaction.

Account

The vendor account that is associated with the transaction.

Invoice

The invoice number of the transaction.

Days open

The number of days that the vendor invoice is open for settlement. For vendor invoices, this value is calculated from the invoice date.

Invoice amount

The transaction amount in the accounting currency.

Point of taxation status

The status of the transaction for recoverable service tax.

The information in the following fields is related to invoice lines that must be reversed.

Field

Description

Settled amount

If the invoice is partly settled, the invoice value that has already been settled.

Amount to settle

If the invoice is partly settled, the invoice value that remains to be settled.

The information in the following fields is related to invoice lines that must be reclaimed.

Field

Description

Amount settled before tax reversal

The invoice amount that is settled before the service tax reversal.

Tax reclaimed base amount

The invoice amount for which the service tax is reversed.

Amount settled after tax reversal

The invoice amount that is settled after the service tax reversal.

Tax reclaimed base amount

The invoice amount for which the service tax is reclaimed.

Tax to reclaim base amount

The invoice amount for which the service tax must be reclaimed.


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