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Admin at
Hi,
You need to follow the following steps:
1.Please ensure that withholding tax codes and type are attached to the
relevant vendor
2. Create FB60 Invoice by debit to an expense (or to the same GL where you
had originally debited). Please check in simulation whether system computed
TDS liability. Also check in Withholding Tax tab.3. Create FB65 Credit Memo
by credit to the same expense account, the gross amount. De-activate
withholding tax codes from W/H tax tab in FB65.
3. Net amount in Vendor represents amount to be recovered towards TDS
4. Carry out J1inCHLN for transfer of TDS liability to clearing/Bank Account
for remittance
| | | ---------------Original Message---------------
From: Tiger100
Sent: Tuesday, November 30, 2010 2:26 AM
Subject: TDS or W. tax related Issue?
Hi,
We have generated the Vendor Invoice with the full amount by mistake and payment has been received and so on now after a long time we have to deduct the TDS against that vendor. What are the ways to deal with this situation.
We are trying to put in the entry
Vendor A/C Dr.
To W. Tax
But receiving teh error message "ENTER SECTION CODE(NOT BUSINESS PLACE) TO OVERCOME ERROR
Message no. ZV009"
Que: Is this entry is correct?
Que: Can I add the Section Code Field to the 2nd Line item. If yes, then how as I have tried OBC4 and Ob41 both. Please write the steps.
Que: What are the other ways to deal with this situation?
Regards
Nitin |
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