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TDS reversal (f-54) down payment clearing

Tds reversal is not happening in case of f-54 down payment clearing. I posted down payment f-48 .Tds is getting deducted. At the time of posting od invoice with fb60 TDS is getting deducted. But when I am clearing invoice with down payment , in f-54 , tds on down payment is not getting reverse.

In payment withholding tax type radio button for 'central inv. prop' is already active.Still I am facing the issue.Please suggest

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  • Posted on Sep 19, 2016 at 04:16 AM

    Hi Kishore,

    At the time of clearing, you have to provide the invoice document no, then only it will reverse the down payment.



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