entry: AT the time of booking invoice
Expense account DR 1000000
Vendor account CR 700000
TDS payable account CR 300000
TDS has been paid to governament
Now issue is, this vendor is not TDS vendor. So, we should have not deducted TDS.
Now please tell me how should i proceed....
Do i need to reverse somewhere or
can I adjust TDS somewhere?
Please suggest me.