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TDS Problem - Account Determination

Former Member
0 Kudos

Hi,

I have assigned one tax type with tax code with a particular vendor. I have assinged TDS account for deduction of tax at the time of payment. But I am facing few problems,

1. Suppose I am paying 100/=, the system is deducting 2/= tds but populates

Vendor - 100/= Dr.

Rent - 2/= Dr (Wherefrom this is coming I failed to understand)

TDS - 2/= Cr

Bank - 100/= Cr

Now what I want is,

Vendor - 100/= Dr

Bank - 98/- Cr

TDS Payable - 2/= Cr

Where is the mistake, can anyone elucidite me on this?

Thanx

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
0 Kudos

you can check the account assignment in the t.code OBWW. may be it solve your problem........

check there any rent account is assigned...

Raghav

Former Member
0 Kudos

hi

It may the Terms of payment you have used for the vendors

you please make the Terms of payment field blank and again try to calculate

Thanks

Ansuman

Former Member
0 Kudos

Hi Ansuman,

The terms of payment field is blank but the problem persists.

Thanks

Anirban

Former Member
0 Kudos

Hi,

In your tax code to tax type configuration, you have the select "1" for posting, If you select "2" , it is grossing up.

Please check the settings. Assign points as way of thaks.

Thanks

Dasa

Former Member
0 Kudos

Hi Dasa,

The same is already selected as "1", I have checked that out.

The problem still exists.

Thanks

Anirban

Former Member
0 Kudos

Hi,

Suppose I am posting 100/= payment for a vendor. Now I want to deduct tds say 5% on that. Now while posting by t code F-53 I want a posting like,

<b>

Vendor Dr - 100/=

Bank Cr - 95/=

TDS Payable - Cr. - 5/=</b>

But I find the TDS is not getting deducted from the Vendor payment amount and bank is getting a posting for 100/= (not 95/=), and 5/= goes to Payment Diff A/c. The posting that is taking place is as follows,

Vendor Dr - 100/=

Bank Cr - 100/=

TDS Payable - Cr. - 5/=

Payment Diff - Dr - 5/=

Can you enlighten me on this issue.

Thanks

Message was edited by:

anirban bardhan<b></b>

Message was edited by:

anirban bardhan