How to: Reverse Service Tax Entries
You can reverse service tax entries for purchase transactions or sales transactions that have been posted from general journals. You can also view the reversed service tax entries. For more information, see Service Tax Entries Window.
Note
You can reverse only the entries that have been posted from journals. The payments are applied to the invoices. You must unapply service tax entries before reversing applied entries. For more information, see How to: Unapply Service Tax Entries.
The following procedure describes how to reverse service tax entries for purchase transactions, but the same steps also apply to sales transactions.
To reverse service tax entries
In the Search box, enter Vendors, and then choose the related link.
Select the required vendor, and on the Home tab, in the Manage group, choose Edit.
On the Navigate tab, in the History group, choose Ledger Entries.
Select the service tax payment posted through journals, and on the Actions tab, in the Functions group, choose Reverse Transaction.
In the Reverse Transaction Entries window, on the Navigate tab, in the Reversing group, choose Reverse.
Choose Yes, and then choose OK.
You can view general ledger, service tax, and service tax detailed entries that are created after reversing the transaction.
To view the reversed service tax entries
In the Search box, enter Vendors, and then choose the related link.
Select the required vendor, and on the Home tab, in the Manage group, choose Edit.
On the Navigate tab, in the History group, choose Ledger Entries.
Select the reversed service tax entry, and on the Actions tab, in the General group, choose Navigate.
On the Document Entry FastTab, select G/L Entry, and on the Actions tab, in the Page group, choose Show.
You can view the general ledger entries that are created for the reversed transaction. For more information, see G/L Entry Table.
Choose Close.
In the Navigate window, select Service Tax Entry, and on the Actions tab, in the Page group, choose Show.
You can view the service tax entry that has been modified according to the reversed transaction. The service tax amount that is created at the time of invoicing becomes zero. For more information, see Service Tax Entries Window and Service Tax Entry Table.
Choose Close.
In the Service Tax Entries window, choose Details.
You can view the new service tax detailed entries created for the reversed transaction. For more information, see Service Tax Entry Details Window and Service Tax Entry Details Table.
Choose Close.
See Also
Tasks
How to: Apply Service Tax Entries
How to: Unapply Service Tax Entries
Concepts
Service Tax Entries for Invoices with Normal and Advance Payments
Other Resources
Reverse Entries Window
Reversing Journal Postings
Cust. Ledger Entry Table
Vendor Ledger Entry Table
G/L Entry Table
Service Tax Entries Window
Service Tax Entry Table
Service Tax Entry Details Window
Service Tax Entry Details Table