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Reply from Suryam SL on Jan 3 at 12:06 AM Please make
(a) FB60 Invoice on the Vendor by debiting to any Control Account (Sundry
Creditors-Others) and select Withholding Tax code.
System would create liability to Vendor and also "recovers" TDS
(b) FB65 Credit Memo on Vendor - Here do not select Withholding Tax code.
Credit the amount to same Control account as in (a).
System would create debit to Vendor.
(c) Net amount in Vendor Account would represent the amount to be recovered
towards TDS
| | | ---------------Original Message---------------
From: AJAYNAKRA
Sent: Monday, January 02, 2012 10:56 AM
Subject: Deducted Tds on jobwork @ 1% and Payment Made
Now I have come to know that I had not deducted tds on jobwork @ 1% on bill amount. The bills related to prev months. Now I have to deduct from vendor . Please advise how to do this entry to recover from vendor and deposit the return. |
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