Tds, Ap/Ar and Spl GL

[Former Member]

Hi Gurus,

Please answer

1. If wrong Tds is deducted, what will be the effect and how we can rectify it?

2.If we post a transaction in special period which is related to 12th period(March), whether balance will automatically updated in next financial year or not? what will be the effect?

3.At year end, On account payment given Rs 10000 through Spl GL indicator and vendor has cr balance of Rs 1,50000, having 20 open items at the year end.

How transaction will be verified & cleared against bills and how will be carry forward in next financial year

Kindly revert asap.

Thank You

[Former Member]

Hi,

2) special posting period transactions also carry forward to next year.

3) At the time of clearing that special G/L amount 10,000/- claring against in which open item you can select that one, Remaining amount can be carry forward to next financial year. That special G/L amount is cleared through T.Code:F-54,

if it is useful assigen the points as a way thanks

Regards

gvr

[Former Member]

Wrong deduction of TDS -

Solution -

Reversal of doucment before making payment of TDS which has been deducted.

If TDS payment has already been made then, we have to deduct less TDS to that extent in respect of New Bills of that vendor as against normal TDS or else TDS Certificate containing excess TDS can be given to Vendor if vendor agrees on the same.