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Former Member
Jan 31, 2014 at 07:14 AM

TAXINJ TDS ON 194J

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Hi

We are using TAXINJ and we do not set off the service tax. We make payment of service tax payable value at the end of month through bank.

Please suggest how to configure for deducting TDS without Service tax for 194J transactions in both service orders as well as FB60.

For Ex:1

Bill value 11236(10000+Service tax 1236)

TDS @10% to be deducted on 10,000 only.

Entry should be

Expense Debit - 11236

Vendor after TDS deduction - 10236

TDS @10% on 10000 - 1000

Is it the way to calculate the WHT code with reverse calculation as 8.899% instead of 10%. if it is the case then in J1INQEFILE it will 8.899% instead of 10%.

For Ex:2

Bill value 10927 (10000+10000*12.36%*75%)

Service tax to be paid by us @ 12.36% * 25%

TDS @10% to be deducted on 10,000 only.

Entry should be

Expense Debit - 11236

Vendor after TDS deduction - 9927

TDS @10% on 10000 - 1000

Service tax payable - 309

Please suggest.

Regards

Prakash