Problem in Reverse Service Tax

Dynamics 365 Business Central/NAV User Forum
#1

Hi All,

I have upload the new patch for the reverse service tax mechnism, here after uploading i have the setup which is mention in the PDF, but the problem is this that it calculate the wrong tax.

eg Invoice amt : 1000

Service tax is coming : 123 instead of 49.5 because i have calculate tax only 40% of invoice amount 1000. which is equal to 49.5., can any one has idea what exactly is missing in my setup.

Regards,

Shailesh

#2

Have you set the services according to percentage required ??

#3

Hi Amol ,

Iam testing this in my test enviroment.done the following setup

Service Tax Group From Service Entity Type To Service Entity Type Reverse Charge Tax Type Reverse Charge %
REV I COMPANY Standard 40

#4

here iam attaching the setup file.

5824.RV Tax Setup.png
5824.RV Tax Setup.png819×460 2.98 KB

#5

HI Shailesh,

I am looking for Service Tax Reverse Charge Mechanism Hotfix for AX 2009 RU 8. Can you share me the link to download the patch.

Thanks,

John Philip .S

#6

Is it after posting or before posting you are checking.