Currently, in one of my Retail SAP RE-Fx implementation the client is oeprating on commercial Lease-in contracts. The rent which is paid out to the landlords (vendors) is as shown in the given example:
Fixed rent paid towards a store:Fixed Rent (base amount) 25000 INR Service firstname.lastname@example.org%on 25000 3090 INR Total 28090 INR
Landlord raises the invoice for the amount of Rs 28090 & is sent to my client twoards rent payment.
The client receives the invoice & pays the rent accordingly.
Post payment of rent, the books of accounts entered by the client in its books are as follows:Dr Cr Exepnse A/c 28090 To landlord A/c 25590* To TDS A/c 2500
* Calculation of credit amount to Landlord:Header 1 Header 2 10% TDS on 25000 25000*10% = 2500 INR Vendor amount Credit 28090-2500 = 25590
Since both the Service Tax and TDS is applicable on the rent paid by the client to its landlords; how can this scenario be built in RE-FX module?