I am using NAV IN 4SP3. I am having some problems in reversing Service taxes that is posted into the system.
When an invoice is created, and payment received… the system will record Service Taxes. This indicates Tax that is required by the company to pay to the Indian government. The problem here is that, when the “standard” unapply or reversal function is used, the service tax entries created, are not reversed.
Is there another work around on how Service taxes is reversed? Even by means of journal…? So far, I cannot find anyway this can be done in the system. Maybe some Indian localisation users can point me in the right direction…
I am currently trying to get hold of NAV IN 5 to see if this problem is addressed in later versions.