Hi Friends,
I have one query, would be grateful if any can tell me the
setting for the same. We have given an advance to vendor
and deduct the tds on that. Thereafter when the bill comes
in then ideally we should deduct the tds on remaining
amount (Invoice amount – advance paid) because we have
already deduct the tds on advance payment to vendor. I
want to know the setting for that. Kindly explain in
details.
Regards
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Answer Posted / sudheer
Hi Boss,
Standard SAP configuration is there. I will give one exaple
for your clear understanding.
Let assume, you given Rs.20,000 advance given to vendor and
you deducted tds asssume 10%(2000). when bill comes in
about Rs.50,000, first you need to adjust the advance
amount (special transaction) to normal items. Once you
finish this step. you need to pay rest of rs.30000. At the
time invoice you can deduct tds for this perticular amont
through the selection of tax codes.
| Is This Answer Correct ? | 5 Yes | 1 No |
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