Down payment reversel

[Former Member]

Good morning all...

Tds is being deducted at the time of Down Payment and also at the time of Invoice.We want to do the Reversal of Tds in F-54, when we were doing this the TDs is not getting reversed please tell me the procedure.

Thanks...

[Former Member · Accepted solution]

Dear,

Use transaction FBRA first to reset the cleared items. Then use FB08 to reverse the document.

Prerequisite

Remittance Challan has not been created paid to the government.

Regards,

Chintan Joshi.

[Former Member · Accepted solution]

Hi,

You need to do configuration changes in the Withholding tax type for payment posting. Here select the option "central invoice".

Your problem will be resolved.

Regards,

Azeem Shaik

[Former Member · Accepted solution]

Hi,

I think you are talking about the reversing the cleared item.but for me i have to adjust the down payment spl gl vendor to normal vendor in F-54..but here my TDS has to be Dr (which was Cr when i did down payment) but here Tds Dr is not happening

[former_member221515 · Accepted solution]

Hi

Steps:

Advance to Vendor (F-48

Invoice Bookng (FB60)

Advance clearing (F-54). In this you have to give document number generated in FB60 in Invoice Refernce field in F-54.

By this, you TDS will get reversed

As regards confiduration, check that WHT code (for payment) has tick for "Central Inv Prop"

Edited by: Deepak Agrawal on Dec 3, 2009 11:35 AM

[Former Member · Accepted solution]

HI,

check whether you have given the Business Place/Section at the time of downpayment. If you don't input these values then the downpayment TDS will not be reversed at the time of Down payment adjustment in F-54.

Regards,

Raj.

[Former Member · Accepted solution]

Hi,

If you do the setting in withholding tax type, system automatically adjust the entry at the time of downpayment clearing (F-54).

Make config change and test the scenario.

Regards,

Azeem

[Former Member · Accepted solution]

Issue got solved thabks to all.:)..

[former_member424251 · Accepted solution]

Dear All,

I have make the settings as "Central inv" in Tax Type.

Inputted Business Place & Section Code in Down Payment Posting F-48

Gave Invoice reference while clearing the Down Payment through F-54

Still I am getting the same problem as the TDS is not getting reversed while Down Payment Clearing.

Can anyone please tell if there can be any other settings I need to check.

Regards,

Reshma

[Former Member · Accepted solution]

This message was moderated.

[former_member424251 · Accepted solution]

Hi,

I have given the WHT Type (both "Invoice" & 'payment") in Vendor master & marked them as liable.

Also Added the Business / Section Code in F-48.

Still having the same problem.

Regards,

Reshma