Dear Friends,
Iam working on AX4.0 SP-2,
I had created a GTA purchase invoice for Rs. 100000
consequetively system posts following enrty:
Expense Account ------Dr. 100000
Service tax interim Recoverable ----Dr. 12360
Party--------------------------------------- Cr. 100000
Service tax interim Payable Cr. 12360
On on a payment of Rs. 100000 against above invoice (on settlement )
System posts following Transaction
Party----Dr 100000
Service tax interim Payable---Dr. 12360
Bank ----------------------------Cr. 100000
Service tax interim Payable ---Cr.12360
Query--> At which point The balance from Interim Recoverable will be transfered
to Recoverable account and HOW
Monika
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