Understanding the Service Tax Credit Reports

You use the Service Tax Credit Generation - Voucher program (R75I700D) to generate service tax credit of vouchers that have already gone through the process of Voucher Match. This report calculates tax liablity only if the service category code of the document line has been setup with the value of V in the Point of Taxation O2C process field of the Point of Taxation Setup program. The system retrieves this value from the F75I051 table.

You also use this report to generate service tax credit for the A/P vouchers created using the Payment With Voucher Match program (P0413M) that are unpaid at the time when you install this ESU. You use the Reverse Service Tax Credit program to verify whether the service tax credit was accounted for a voucher and if yes, whether its payment was done within the specified period. If the payment was not done within a specified period, the Reverse Service Tax Credit program reverses the tax credit that the system generated on the voucher. You can reverse the tax credit for a voucher only once.