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Reversal of TDS IN F-54

Update:10-11Source: network consolidation
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Dear All
1. im making the vendor downpayment at that time TDS is deducting
2.im posting vendor invoice at that time also TDS dedcuting
3.when im clearing the down payment in (f-54) tds is not reversing only the amount is revrsing what could be the problem
Plz Advice on this
Regards

The Best Answer

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Hi,
Good morning and greetings,
Wishing you a very Happy New Year 2007
Ideally speaking the scenario would work like as below
Step No.1: Downpayment paid to Vendor say £1000 and TDS is 5% = £50
Step No.2: You account the full vendor invoice for say £5000 and TDS is 5% = £250
Step No.3: The initial TDS deducted is already paid to the government and should not be reverted back.  All you do when you account the whole invoice, the system will see what is the total recoverable as TDS = £250 minus what is already deducted = £50 and it would raise a TDS entry only for £200 at this point in time.
Hope it is clear.
Please reward points if found useful
Thanking you
With kindest regards
Ramesh Padmanabhan
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