on 11-26-2012 7:44 AM
Hi,
My client has the requirement that he has to stop Manual entries to be passed in TDS GL Account i.e directly passing the entry Dr/Cr TDS GL Account.
Please let me know, if this is advisable?
Regards,
Devdatth
Hi,
Ideally TDS GL should not be allowed to have manual posting. It should alway be post automatically.
Any manual entries done in TDS GLs would not get updated in TDS tables, which in turn generates wrong Challan & QE File Details.
Hence it is alway advisable to have TDS GLs to be post automatically only.
Regards,
Jaymin R. Bhatt
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
TDS GL would get automatically derived in both MIRO as well as FI Invoice Booking (FB60 / F-43). The GLs are maintained in Transaction Key "WIT" from which respective GLs for the Section Code (194C, 194J,etc) would get derived.
In MIRO also system would deducted the TDS, if maintained in Vendor Master Record.
Regards,
Jaymin R. Bhatt
Hi,
There would not be any problem in entire TDS Cycle .ie. booking an Invoice, Payment of TDS & QE fiel generation if TDS GLs are created as Post Automatically.
Please run an entire cycle of TDS after doing necessary configurations, it would allow to process with GL as post automatically ticked.
Regards,
Jaymin R. Bhatt
Hi,
In MIRO, TDS G/L Account will be fetched from Withholding Tax Type & Code. You have to assign your TDS G/L Account against Withholding Tax type & Tax Code. For that , you have to configure Extended Withholding Tax Configuration. After that , you have to assign Withholding Tax Type & Withholding Tax Code in Vendor Master data. In MIRO, from Withholding Tax Type & Withholding Tax Code system will automatically fetch TDS G/L entries
As far as Challan is concerned, you have to do all the configuration for Remittance Challan under the following Menu Path:
Financial Accounting (New) - Financial Accounting Global Settings (New) - Withholding Tax - Extended Withholding Tax - Postings - India - Remittance Challans
Regards
Diptadhi
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
110 | |
12 | |
11 | |
6 | |
5 | |
4 | |
4 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.