Running the Service Tax Credit Register Report

Run the Service Tax Credit Register report to print the service tax transactions for different service types. This report helps you to monitor the transactions and get a clear idea of the available service tax credit, debit transactions, and balances after each transaction.

During the O2C processing, the Service Tax Credit Register report includes the A/R service tax liability generated from all invoices, regardless of whether you have received a payment for those. If there is any reversal in the tax liability on these invoices, this report displays the reversion records also.

During the P2P processing, the Service Tax Credit Register report includes and displays the A/P service tax credit generated from all vouchers regardless of whether you have made payment for those. This report now generates service tax credits from the voucher generation instead of payments. If any tax credit on these vouchers gets reversed, this report displays the reversion records also.

Select Periodic Processing (G75ISVT2), Service Tax Credit Register.