(IND) Reclaim service tax [AX 2012]

Updated: September 5, 2012

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

Use a batch process to reclaim the service tax credits for vendor transactions. You can reclaim services tax credits only for invoices that have been settled.

When you reclaim service tax by using a batch process, the service tax credit is reclaimed. The Point of taxation status field in the Vendor transactions and the Open transactions forms is updated as follows:

  • If the invoice is fully settled, the service tax is fully reclaimed, and the point of taxation status is Reclaimed.

  • If the invoice is only partially paid, the service tax is partially reclaimed, and the point of taxation status is Partially reclaimed.

You can also reclaim service tax manually for one or more vendors. For more information, see (IND) Manually reverse or reclaim service tax.

  • Services taxes must be enabled. 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.

  • Only vendor transactions that have a point of taxation status of Reversed, Partially reversed, or Partially reclaimed are included in the batch process. In the Vendor transactions form, on the General tab, you can view the point of taxation status in the Point of taxation status field. The status is updated automatically by the batch process.

You can view transactions where service tax is calculated in the Point of taxation status field in the Vendor transactions and the Open transactions forms.

  • Click Accounts payable > Common > Vendors > All vendors. On the Action Pane, on the Vendor tab, in the Transactions group, click Transactions. On the General tab, view the point of taxation status in the Point of taxation status field.

  • Click Accounts payable > Common > Vendors > All vendors. On the Action Pane, on the Vendor tab, in the Transactions group, click Transactions, and then click Open. On the General tab, view the point of taxation status in the Point of taxation status field.

  1. Click General ledger > Periodic > India > Batch reclaim for service tax.

  2. On the Batch tab, select the Batch processing check box.

  3. Click Recurrence to define the recurrence of the batch process, and then click OK.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

社区附加资源

添加
显示: