12-05-2016 5:36 AM - edited 01-21-2024 10:13 PM
Dear Experts,
I have configured TAN based exemption & mapped invoice time & payment time WHT codes. Then i have maintained the details in vendor master threshold limit amount with 100% exemption.
1.When i post 1st entry within the threshold limit system does not calculate TDS which is correct. for Example: Threshold limit is Rs. 1,80,000 Exemption rate 100%, Posted entry for Rs. 150000, NO TDS. (CORRECT)
2. When i try to post second entry with Rs. 1,50,000 again, then the system should calculate on total amount i.e. Rs. 3,00,000 (150000+ 150000) Whereas system is calculating TDS on after exemption i.e. 120000 (3,00,000 - 180000) @ 10% = Rs 12,000 (WRONG) System should calculate TDS on 3,00,000 @ 10% = 30,000
Please guide me where is the configuration or data is missing in maintenance. Please note i have not selected manual accumulation because this is based on TAN base exemption scenario.
Regards Pooja
Hi Pooja,
The system is behaving correctly. If you want to calculate TDS on whole amount, in that case delete thresh hold limit details in the vendor master, select accumulation type in w.h.tax type, later maintain the threshhold limit with rates in the formulas in w.h.tax type configuration. Then system will calculate TDS as per your requirement.
Regards,
Mukthar
,
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Hi Pooja,
You have to maintain section code at document posting. Try with different vendor and check the results.
Regards,
Mukthar
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Hi Pooja,
Have changed the accumulation type after done posting? And also check section code maintained at document posting?
Regards,
Mukthar
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Hi,
Select no accumulation in the w.h.tax type for invoice & payment. Then it considers total amount.
Regards,
Mukthar
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Hi Mukthar,
I have selected No accumulation for w.h. tax type for invoice & payment.In vendor master in CIN Details tab i have maintained Exemption details - Section Code, Certificate No.,Exem Rate,Exempt From & to Date,W.H. Tax Type & Tax Code as I1 & Threshold limit as 1Lakh.
When i post Invoice for Rs. 90,000/- its not calculating TDS. (CORRECT)
But when i post another invoice for Rs.50,000/- system is still not calculating TDS.
Kindly help me solve this issue.
Thanks & Regards,
Pooja.
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