Posting is only possible with a zero balance; correct document Message no. F5060

Question

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In FB60 Need to deduct VAT TDS on canteen expenses it should not come through direct tax
Dear Experts
Our client requirement is deduct VAT TDS On canteen expenses i created new tax code and given - (minus) in FV11 For condition type JVRD I tried to post in FB60 But VAT TDS Is not calculating correct and withholding tax amount also not updating.
SAP Entry in FB60
31 Vendor                            1000       Cr
40 Canteen Expenses           958.33    Dr
50 VAT Deducted at source       41.67  Cr
Client requirement is
Check the following entry :
If bill value : Rs. 1000 /-
The entry would be:
Canteen expenses        1000 (Dr)
          To Vendor           950 ( Cr)
          To VAT TDS        40     (Cr)
          To IT TDS           10     (Cr)
Thanks & Regards
Srinivasa Reddy M

Answer 1

Hi Kumar,
Actually in FB60, We have to enter vendor bill amount, rest will be calculated by system,  lets say vendor bill is 14 EUR, and select the appropriate tax code 10%, then system will automatically calculates the tax entry, and your vendor credit amount is exactly same as on the bill. please see below example:
Vendor Invoice is 14 EUR
TAX rate is 10%
Entry will be:
DR Expense Account 12.73
DR Tax                          1.27   (automatically calculated by system. 
          Credit Vendor                14 (as per invoice)
Therefore, in enjoyable transactions FB60, you only have to enter vendor bill amount, select the tax code, give the Exp. GL account, and simulate the entry, you will see result, will be as per your requirement.