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author's profile photo Former Member
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Former Member

Triple deduction of TDS

Posted on Nov 30, 2007 at 01:57 PM 19 Views

TDS is being deducted at the time of Vendor Down Payment, Invoice Posting and also at the time of Making the Payment through f-53 which should not deduct.

Can anyone help where I am going wrong.

Regards

Ravindra

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 02:06 PM
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    Once you book Inovice you do down payment adjustment thru f-54. This will nullify the effect of the tax deducted at the time of advance payment. Further it is quite possible that you have selected payment as well credit tds codes while booking the invoice which is why the tds is getting deducted at payment time also.

    Regards

    Mukesh Mangal

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 01, 2007 at 05:44 AM
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    Did this help? If yes please assign points

    Mukesh

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    • Former Member Former Member
      Dec 01, 2007 at 02:36 PM

      The function of f-54 is to reverse the tax effect of the advance amount. When you adjust the advance using f-54 in case the advance and invoice amount are equal the tax effect would be nil. The TDS amount does not get cleared automatically in the TDs gl. I also felt the same way earlier but of usage and facing various issue I find the logic as defined okay.

      Regards

      Mukesh

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  • author's profile photo lakshmana swamy karpurapu
    lakshmana swamy karpurapu
    Posted on Dec 01, 2007 at 06:53 AM
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    hai when u made the advance payment the system should have deduteced the tds and posted to the tds payable a/c. again at the time inoice posting if the amount of the invoice is equal to advance made , we should not the reduce the tds again. for this remove both the tax codes from the pop up screen displayed while posting the vendor invoice. if the amount of the invoice is more than the advance paid then the system should reduce the tds only on the excess of the invoice over the advance amde. for this u can enter the amount on which the tds is to be reduced manual in the pop up screen while posting the invoice against the tax type for invoice posting. i think this will clear ur problem

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