Dear Friends,
I am working of Ax-4.0 SP-2 Version ,
I had created a purchase invoice for GTA vendor for Rs. 100000, tax rate 12.36%
accordingly system posts following journal enry
Expense a/c --- Dr 100000
Interim Recoverable ----Dr 12360
Party -------------------------Cr 100000
Interim Payable ----Cr 12360
the entry is absolutely fine
but the problem is when we make a payment of Rs. 100000 against(on settling)
thye said voucher
system should post following enrty
Party ---- Dr 100000
interim Payable ----- Dr 12360
Service tax Recoverable ---Dr 12360
Bank ----------------------- Cr 100000
Interim Recoverable ---- Cr 12360
Service tax payable ------------- 12360
Instead of passing above stated entry system is using only Interim payable
account for the adjustment of rs 12360
Do I am missing a set up ? or its a basic bug in SP-2
Please Guide
Vikrant
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