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F070 ¨C Utilization of Credit & Payment of Service Tax

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FIROZ KHAN

This document provides instructions for utilizing service tax credits and paying the net tax amount in SAP. It includes the process flow, screenshots of key screens, and step-by-step instructions. The process involves simulating credit utilization, paying the tax online, posting the utilization in SAP, and making the outgoing payment. The payment is made by debiting service tax clearing accounts and crediting bank accounts in a journal entry if credits are insufficient.

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RITES SAP FI End User Manual 1.1 F070 ¨C Utilization of Credit & Payment of Service Tax
Page 2 of15 Training ManualSAP FI 01-Jan-2013 Contents 1.1 F070 ¨C Utilization of Credit & Payment of Service Tax ....................................................... 1 1 Process overview........................................................................................................................ 3 1.1 Process Flowchart............................................................................................................... 4 1.2 Screen shots........................................................................................................................ 5 1.2.1 Simulate Utilization of Credit........................................................................................ 5 1.2.2 Pay Tax Online........................................................................................................... 10 1.2.3 Utilization of Credit.................................................................................................... 11 1.2.4 Outgoing Payment..................................................................................................... 12 1.2.5 Print Journal Voucher................................................................................................. 13 1.3 Process steps. ................................................................................................................... 15
Page 3 of15 Training ManualSAP FI 01-Jan-2013 1 Process overview. ? At the end of the month service tax credit is utilized and the net amount due is paid.
Page 4 of15 Training ManualSAP FI 01-Jan-2013 1.1 Process Flowchart
Page 5 of15 Training ManualSAP FI 01-Jan-2013 1.2 Screen shots. Processstep01 1.2.1 Simulate Utilization of Credit Role:FinanceExecutive -Taxation. Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen: Via Menus Type J1ILN in command field > Indirect Taxes > Sales/Outbound Movements > J2IUN - Fortnightly Payment Via Transaction Code J2IUN Enter T code J2IUN in command field and press enter key.
Page 6 of15 Training ManualSAP FI 01-Jan-2013 Enter company code, Plant and excise group. Enter date range. Enter business area and payment date. Selectradio button of pay service tax from Cenvat and Service credit. Select execute button.
Page 7 of15 Training ManualSAP FI 01-Jan-2013 Systemshowsthe amount payable andamountremaining. Select SERT (Service tax basic) line. Select ¡®Select duty¡¯ button. Amount available for utilization.
Page 8 of15 Training ManualSAP FI 01-Jan-2013 Enter the amount against remaining balance.
Page 9 of15 Training ManualSAP FI 01-Jan-2013 Repeatsame steps forESERandSSER. Remainingamountwill become zero and Indicator colour should change to green. Select simulate button.
Page 10 of15 Training ManualSAP FI 01-Jan-2013 System will simulate the entries as below. Processstep02 1.2.2 Pay Tax Online Role:FinanceExecutive -Taxation. Not to be done onSAP.
Page 11 of15 Training ManualSAP FI 01-Jan-2013 Processstep03 1.2.3 Utilization of Credit Role:FinanceExecutive -Taxation. Not to be doneonSAP. Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen: Via Menus Type J1ILN in command field > Indirect Taxes > Sales/Outbound Movements > J2IUN - Fortnightly Payment Via Transaction Code J2IUN Followthesteps asprocessstep01 On simulationscreenselectcontinuebutton.
Page 12 of15 Training ManualSAP FI 01-Jan-2013 Click on save button ( ) to save the document F029 1.2.4 Outgoing Payment FinanceExecutive ¨C Taxation Pleasereferusermanual for the processF029 If amount isnot availableforcredit.Enterthe journal voucherwithdebitingservicetaxclearing accountsand creditingbankaccounts. Select continue button.
Page 13 of15 Training ManualSAP FI 01-Jan-2013 Servicetax clearingaccountsare: Basicservicetax clearingaccount: 16613201 Servicetax E cess clearingaccount: 16613206 Servicetax Sec.E cessclearingaccount:16613208 Processstep04 1.2.5 Print Journal Voucher Role: FinanceExecutive ¨C Taxation Pleasereferusermanual for the processF029 Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen: Via Menus SAP customized T code Via Transaction Code ZFIR001 Enter T code ZFI001 in command field and press enter key. Enter document number, company code and year. Enter output device LP01.
Page 14 of15 Training ManualSAP FI 01-Jan-2013 System will give the print preview. Type Ctrl + P or select Text menu and print from the menu bar. Click on execute.
Page 15 of15 Training ManualSAP FI 01-Jan-2013 1.3 Process steps. Step No. BBP Process Step Instruction Reference Utilizationof Credit& Payment of Service Tax 01 Simulate Utilizationof Credit 1. Mandatory fieldsare Companycode,Plant,excise group and period. 2. Selectthe radiobuttonPay service tax fromCenvatand Service tax. 02 Pay Tax Online Notto be done onSAP 03 Utilizationof Credit 1. Mandatory fieldsare Companycode,Plant,excise group and period. 2. Selectthe radio button Pay service tax from Cenvat and Service tax. F029 Outgoing Payment Outgoingpaymententryismade. 04 PrintJournal Voucher Journal voucherforutilization of service tax isprinted.

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F070 ¨C Utilization of Credit & Payment of Service Tax

  • 1. RITES SAP FI End User Manual 1.1 F070 ¨C Utilization of Credit & Payment of Service Tax
  • 2. Page 2 of15 Training ManualSAP FI 01-Jan-2013 Contents 1.1 F070 ¨C Utilization of Credit & Payment of Service Tax ....................................................... 1 1 Process overview........................................................................................................................ 3 1.1 Process Flowchart............................................................................................................... 4 1.2 Screen shots........................................................................................................................ 5 1.2.1 Simulate Utilization of Credit........................................................................................ 5 1.2.2 Pay Tax Online........................................................................................................... 10 1.2.3 Utilization of Credit.................................................................................................... 11 1.2.4 Outgoing Payment..................................................................................................... 12 1.2.5 Print Journal Voucher................................................................................................. 13 1.3 Process steps. ................................................................................................................... 15
  • 3. Page 3 of15 Training ManualSAP FI 01-Jan-2013 1 Process overview. ? At the end of the month service tax credit is utilized and the net amount due is paid.
  • 4. Page 4 of15 Training ManualSAP FI 01-Jan-2013 1.1 Process Flowchart
  • 5. Page 5 of15 Training ManualSAP FI 01-Jan-2013 1.2 Screen shots. Processstep01 1.2.1 Simulate Utilization of Credit Role:FinanceExecutive -Taxation. Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen: Via Menus Type J1ILN in command field > Indirect Taxes > Sales/Outbound Movements > J2IUN - Fortnightly Payment Via Transaction Code J2IUN Enter T code J2IUN in command field and press enter key.
  • 6. Page 6 of15 Training ManualSAP FI 01-Jan-2013 Enter company code, Plant and excise group. Enter date range. Enter business area and payment date. Selectradio button of pay service tax from Cenvat and Service credit. Select execute button.
  • 7. Page 7 of15 Training ManualSAP FI 01-Jan-2013 Systemshowsthe amount payable andamountremaining. Select SERT (Service tax basic) line. Select ¡®Select duty¡¯ button. Amount available for utilization.
  • 8. Page 8 of15 Training ManualSAP FI 01-Jan-2013 Enter the amount against remaining balance.
  • 9. Page 9 of15 Training ManualSAP FI 01-Jan-2013 Repeatsame steps forESERandSSER. Remainingamountwill become zero and Indicator colour should change to green. Select simulate button.
  • 10. Page 10 of15 Training ManualSAP FI 01-Jan-2013 System will simulate the entries as below. Processstep02 1.2.2 Pay Tax Online Role:FinanceExecutive -Taxation. Not to be done onSAP.
  • 11. Page 11 of15 Training ManualSAP FI 01-Jan-2013 Processstep03 1.2.3 Utilization of Credit Role:FinanceExecutive -Taxation. Not to be doneonSAP. Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen: Via Menus Type J1ILN in command field > Indirect Taxes > Sales/Outbound Movements > J2IUN - Fortnightly Payment Via Transaction Code J2IUN Followthesteps asprocessstep01 On simulationscreenselectcontinuebutton.
  • 12. Page 12 of15 Training ManualSAP FI 01-Jan-2013 Click on save button ( ) to save the document F029 1.2.4 Outgoing Payment FinanceExecutive ¨C Taxation Pleasereferusermanual for the processF029 If amount isnot availableforcredit.Enterthe journal voucherwithdebitingservicetaxclearing accountsand creditingbankaccounts. Select continue button.
  • 13. Page 13 of15 Training ManualSAP FI 01-Jan-2013 Servicetax clearingaccountsare: Basicservicetax clearingaccount: 16613201 Servicetax E cess clearingaccount: 16613206 Servicetax Sec.E cessclearingaccount:16613208 Processstep04 1.2.5 Print Journal Voucher Role: FinanceExecutive ¨C Taxation Pleasereferusermanual for the processF029 Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen: Via Menus SAP customized T code Via Transaction Code ZFIR001 Enter T code ZFI001 in command field and press enter key. Enter document number, company code and year. Enter output device LP01.
  • 14. Page 14 of15 Training ManualSAP FI 01-Jan-2013 System will give the print preview. Type Ctrl + P or select Text menu and print from the menu bar. Click on execute.
  • 15. Page 15 of15 Training ManualSAP FI 01-Jan-2013 1.3 Process steps. Step No. BBP Process Step Instruction Reference Utilizationof Credit& Payment of Service Tax 01 Simulate Utilizationof Credit 1. Mandatory fieldsare Companycode,Plant,excise group and period. 2. Selectthe radiobuttonPay service tax fromCenvatand Service tax. 02 Pay Tax Online Notto be done onSAP 03 Utilizationof Credit 1. Mandatory fieldsare Companycode,Plant,excise group and period. 2. Selectthe radio button Pay service tax from Cenvat and Service tax. F029 Outgoing Payment Outgoingpaymententryismade. 04 PrintJournal Voucher Journal voucherforutilization of service tax isprinted.