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author's profile photo Former Member
Former Member

TDS Reversal in Downpayment Clearing

Hi Experts,

During vendor down-payment using F-48, TDS had been deducted. When down-payment clearing is done using F-54, the user wants the TDS booked in the down-payment to be reversed. Is there any setting to be done for it?

Regards,

Vignesh

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    author's profile photo Former Member
    Former Member
    Posted on Feb 01, 2010 at 09:13 AM

    Dear,

    There is only one field responsible for this is make sure Central Inv. Prop is selected in payment withholding tax type.

    Also make sure payment withholding tax type does not exist in the invoice line item

    Regards,

    Chintan Joshi

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 01, 2010 at 11:08 AM

    Dear Vignesh,

    Have you booked the final vendor invoice with full TDS deducted ?? If yes while making payment theough F-54 or F-58 adjust the down payment along with the final vendor invoice. System automatically reverse the down payment TDS.

    Regards

    Damle

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    • Former Member Former Member

      Dear paresh

      first you run f-48 (cal.TDS)

      Use F-43 or FB60 select relevant WHT type. (here you can cal. TDS on Invoice ) then only your TDS will be reverse

      after that you transfer to normal F-54 just how much amount you paid in advance that amount only transfer.

      check whether you proper assign WHT type and code

      Hope its helpful

      Regards

      shankar

      Edited by: SivaSankar.K on Oct 11, 2011 6:50 PM

      Edited by: SivaSankar.K on Oct 11, 2011 6:52 PM

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