can we post input taxes during the making of down payment to vendors ex: down

can we post input taxes during the making of down payment
to vendors ex: down payment to vendor is 100000 on this the
input tax is 10000 so we have to pay only 90000 for
calculating like this what procdure we have to do kindly
explain any one

Question Posted / nagesh.k

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can we post input taxes during the making of down payment to vendors ex: down payment to vendor is..

Answer / nagesh

Hi Kishore could u be specific in ur answer as in spro i
went through options and did settings for input tax clearing
a/c still when i simulate the doc its not being posted
seperately
any one clarify

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can we post input taxes during the making of down payment to vendors ex: down payment to vendor is..

Answer / narender

For witholding tax we can pay at the time of invoice or
payment.we cannot post it at down payment we cannot
bifurcate the document prior to invoice so after receiving
invoice we have to pay the input taxes,

if it is not clear revert to me
naren_ankam@rediffmail.com

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can we post input taxes during the making of down payment to vendors ex: down payment to vendor is..

Answer / g s vijay

Party Account Spl Gl Account (A) A/c Dr 1,00,000

To TDS 10,000

To Bank 90,000

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can we post input taxes during the making of down payment to vendors ex: down payment to vendor is..

Answer / kishore

We can post at tax at the time of downpayment and also at
the time of Invoice. Kindly have a look in to SPRO screen,
there are optins.

Is This Answer Correct ?

1 Yes

2 No

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