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author's profile photo Former Member
Former Member

Regarding TDS Certificate

Dear Gurus,

Any body can help on Provisions on TDS.

During TDS Certificate printing one new field appear ie Consider Provision.

I am new on ECC 6.

Pls give some idea or business logic of Provision of TDS .

Regds

Mahesh K Singh

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Oct 29, 2008 at 10:05 AM

    hi,

    steps 1) J1INCHLN - Post

    2) J1INBANK - Update Bank Challan Number

    3)J1INCERT - Print

    4) if possible you can re-print J1INREP - Reprint

    5) you can cancel also J1INCANC - Cancel

    with best regards,

    satishkumar.m

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 23, 2008 at 05:03 AM

    Dear Mahesh

    Actually Provision for TDS is a concept where

    1. TDS should be deducted by the company that is receiving the services.

    2. Let us take a example

    3.Let us say, that a Purchase Order is raised for the Services to be received.((Freight Vendor)

    4. Also, the services have been received through ML81N T Code.

    5.The entry for the above services would be

    Debit Expendiutre on services account

    Credit Service Received/ Invoice Received(equal to GR/IR Clearing) Clearing Account.

    After this we have to receive the Invoice for the services from Service Vendor.

    6.Let us say actually, the purchase order is raised on 25th March 2008 and Service Received are on 30th March 2008. Then if the client is following the fiscal year April 2007 to March 2008, he needs to close the Fiscal Year 07-08 by march 31st 2008.

    7.If by 31 st March 2008, the Invoice on service expenses is not received and is received say, some where in the month of June 2008 by the company, then the company has to PROVIDE the TDS on the Service Expenses.through T code - J1INPR before the closure of the Accouting year 07-08.

    This is the meaning of Provision for TDS.

    8.Once the Invocie is received and MIRO is done, then system would automatically calculate the TDS on the Invoice amount.

    9.Here, the system has done the TDS calculation twice.

    9a - once thorugh T code J1INPR - Provision for TDS

    9b - once when invoice is booked through MIRO.

    10.So we should calculate the TDS while doing MIRO, but then we have to reverse the Provision for TDS

    using T code - J1INUT.

    11. Then in effect, the TDS calculated would be only once by the system.

    Hope this clarifies your doubt on Provision for TDS.

    Regards

    Rishikesh

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