Reversing whole TDS amount while Advance adjustment in F-54
Dear Experts,
Need all your help to resolve my problem related to TDS deduction against advance payment and invoice.
TDS deduction against Advance payment
doc no : 1500004435
PK Account Amount
50 BANK A/c 9900-
29A XYZ Vendor 10000
50 TDS Liab 100-
TDS Deduction against invoice
doc no : 1900003210
PK Acct no. Amount
31 XYZ Enterpri 21,850.00-
40 RepairsT&DSys 23,000.00
50 liabilty-TDS oth thn 230.00- (1%)
50 Liability for W C T 920.00- (4%)
Now as i am clearing advance amount against invoice its reversing whole tds amount.
PK Acct Amount
39A XYZ Enterprises 10,000.00-
26 XYZ Enterprises 11,850.00
40 XYZ Enterprises 230.00
40 XYZ Enterprises 920.00
i had already activate Central inv. Prop. option in WHT for Payment Posting.
Please tell the solution for resolving this problem.
Regards
Andi
Dear Experts,
In above scenraion if i deduct only tds on invoice not include WCT tax on invoice then process is working fine while clearing advace amount against invoice in F-54. But as i included WCT tax code also along TDS in invoice for TDS deduction its reversing both WCT and TDS amount in this.
Regards
Andi
Similar Messages
-
TDS advance adjustement effect in invoice
hai,
Regarding WHT, while doing advance payment to vendor for Rs.50000.00, system will calculate TDS for Rs.50000.00. Then we received the bill from vendor for Rs.100000.00, then the system will calculate TDS for Rs.100000.00. But system want to dedcut TDS only for Rs.50000.00. How it is possible?
I know one option, while entering invoice, select Withholding tab and system will display the keys and base amount. In that base amount if we enter the balance of Rs.50000.00 means, sytem will automatically calculate only for Rs.50000.00. But i don't want to enter every time. System want to calculate automatically.
Can anyone give me an idea about this.
govind.Hi,
While making an advance for Rs.50000, system will deduct tax on Rs.50000. Then when Invoice is received for Rs.100000, then the system will calculate TDS on Rs.100000 only. Then when you do the clearing between the down payment and the Invoice using T.Code - F-54, the system will reverse the excess TDS deducted (ie) it will reverse the TDS deducted during down payment.
Try this.
Cheers
V.Krishnan
(Assign Points if useful) -
TDS Amount on Vendor Advance Shows positive value in *QUERY* for TDS Report
Hi Everybody,
I have made a query for List of TDS Report with Vendor informations as required by my client. In which the value of TDS on Vendor Advance Payment appears as positive value instaead of negative value. Please suggest how to rectify.
Thanks,
PaulDear,
If you have cleared the advance in F-54, then this will reverse the tax amount. That could be the reason for tax amount in debit. -
TDS amount getting wrong reverse in f-54
Hi experts
As per my knowledge tds is deducting twice. At the time of advance payment and invoice booking. and tds amount whichever is lower is getting reverse in f-54. But in my present scenario tds which is deducted at the time of invoice booking is getting reverse instead of tds which is deducted at the time of advance payment and i also check the tds amount is lower than tds amount of invoice.
This scenario has been occurred for only one vendor, In case of other vendors,its looks correct.
Please advise me .
Thanks®ards
D Royhello sir
Thanks for your early response.
According to my present scenario,At the time of Advance
Advance to sub contractor Rs.50000---dr.
tds payable on sub contractor Rs.500--cr.
Invoice
vendor Rs.100000---cr.
tds payable Rs.1000---cr.
in f-54 tds Rs.500 should get reverse but system reversing tds Rs.1000
Please advise -
TDS AMOUNT CAN NOT REVERSED THROUGH MR8M
Dear Gurus,
Through MIRO TDS deducted but when i reverse the same document through MR8M TDS amount can not reversed that amount credited to vendor account.
NO LINE ITEM CREATED FOR TDS REVERSED ENTRY.
Please do the needfull.
Regards,
MAHESH K SINGH
*assign full marksHi,
You need to check the MIRO (LIV) Invoice Date and the Date of TDS payment.
If you have open Invoice in Vendor Account and the TDS is paid for the Month....... then with such exceptional cases, your TDS amount will not be reversed as the TDS is already paid.
Assign point, if useful
Regards
Sandeep -
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
RegardsHi,
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 -
Hi,
I am facing a problem at the time of reversing the TDS provision.
When we create the TDS provision thru J1INPR, three line items get created i.e.basic,surcharge & cess....After making the provision & doing the MIRO, we need to reverse the TDS provision as well., so while reversing thru J1INUT, basic amount gets reversed automatically but for surcharge & cess amount system ask for the amount to be manually entered,
Ideally we need to reverse the TDS provision by executing it in background so that all the document gets reversed automatically but in our case it is not working at all.
Kindly help me in this regard asap as our UAT is getting effected.
Regards
Anuj AgarwalHI,
please check the SAP Note no 1167670.1164832
reg
Madhu M
Edited by: M Madhu on Mar 6, 2009 12:57 PM -
How to get refund employee Social security and reverse the employer amount
Dear Members, I have a requirement to refund overpayments of Social Security to an employee. The over payments have occurred as a result of an employee retiring in the same year they come back to work as a temp. They have two employee #'s therefore the maximum for Social Security will not be recognized until it is reached under the most recent employee number. We should not be over deducting for an employee that works for the same company. If it does happen to go through and over deduct, it is extremely difficult for the employee and employer to get the refund from the IRS. I have a requirement to refund the employee and reverse the employer amount as well. Looking for suggestion. Thanks in advance Punna Rao
Hi Friend,
You will need to have a new wage type may be called as Social Security Refund wage type created that will act to be taxed for only Social Security taxes and should be entered on IT0015 to be proccessed such that it should refund Social Security amount only.
Also, whenever you have case wherein you need to have limits set appropriately for Social Security taxes, have it entered prior to next payroll run on employees' IT221 as adjustment run so that it updates YTD correctly and there is no excess of SS tax payment.
Also, IT221 needs to be also entered for refunding Employer amounts as it won't be reversed with standard reversal process as not being part of employees' net payment or gross payment, hence needs to be manually adjusted on IT221.
Thanks,
Ameet -
TDS amount not getting updated in the table under the field QBSHB
Dear Friends,
The TDS amount entered while booking the vendor invoices through MIRO T-cde, is not getting updated in the table BSEG under the field QBSHB.
Kindly let me know the reason for the same and guide me to correct it
TIA.
Regards,
VincentHI Vincent,
Bseg-QBSHB field is relavent for classic WT.
I hope you are using the EWT.
Hence if you post a document through MIRO it will not update
(but if you post document FB60 it will update but wrongly).
Reason is Miro document is posted through interface.
Hence SAP is suggested to not refer the Bseg-QBSHB and etc., fields.
refer only with_item table.
Please refer the below replay from SAP
Please refer the below note .363309
Please review attached note 363309 for detailed explanation
BSEG-QBSHB is designed to fill for the classic withholding tax. And
extended withholding tax information is stored exclusive in table
WITH_ITEM.
You can check in table BSEG for the fields and will find that system
do NOT update field BSEG-QBSHB.
In your line layout,you define a field BSEG-QBSHB. But actully the field
of vendor/customer line item is filled with zero from FI. Thus,it shows
zero in line item display.
And as note 363309 says,
"Remove the field which contains the withholding tax information
from your display variant.
If you want to display the withholding tax information, double-click on
the document number and subsequently choose 'Withholding tax' button."
(BSEG-QSSKZ, BSEG-QSSHB, BSEG-QBSHB) field is not relavent for
Extended withholding tax and not suppose to use in report FBL1N.
It basically does not make any sense to use the withholding tax fields
of the document line items (BSEG-QSSKZ, BSEG-QSSHB, BSEG-QBSHB) with the
activated extended withholding tax.
regards
Madhu M
Edited by: M Madhu on Jan 31, 2011 1:19 PM -
TDS Amount in Local currency and document currency
Dear All,
When we deduct TDS amount on Vendor Transactions in foreign currency, the TDS amount is dispalyed only in document curreny(Foreign currency) in T.Code "FBL1N".
Now We want to see the TDS amount in local currency in T.Code "FBL1N". layout when we post TDS transactions in foreign currency(USD). B,caz there is no such fields "Withholding tax amount in local currency" in the change layout.
So, Plz advise me whether it is possible or not ? If Yes, explain me.
If you have any query, plz do let me know.
Thanks in Advance.
Regards,
Kumar.DHi Prasad,
In Logistics Invoice Verification, when you enter an invoice in foreign
currency, the system automatically translates the foreign currency
amounts to local currency. The system calculates the exchange rate using
the following rule:
1.If the buyer entered a fixed exchange rate in the purchase order, the
system uses this rate to translate the amounts to local currency.
2.If an exchange rate was entered in Invoice Verification, the system
uses this rate to translate the amounts to local currency.
3.If an exchange rate was entered neither in the purchase order nor in
Invoice Verification, the system uses the exchange rate pre-defined in
Customizing for Financial Accounting valid for the posting date.
Exchange Rate Differences
If a purchase order is entered in foreign currency,the amounts are
translated from foreign currency into local currency at goods receipt.
If you enter the invoice for the purchase order in the foreign currency,
this can lead to currency translation differences between the goods
receipt and the invoice receipt.
How these differences are posted depends on how your system is
configured in Customizing for Invoice Verification
Exchange Rate Rounding Differences
When an invoice is posted in a foreign currency, the amounts are translated into local currency.Since the system rounds off the amounts in each posting line, this can lead to rounding differences due to the currency translation.
These differences are posted to an expense or income account.
Addition in transaction OB22 for the second local currency, it should be defined 'Translation taking transaction currency as a basis' is defined.
Pls. also refer to note:335608 Trnsln of 2nd and 3rd lcl crcy fm 1st lcl/trns crcy.
I hope the above information helps you out......
Best Regards,
Gladys Xing -
F-48 TDS On vendor Advance Payment.
Dear All.
I am facing one problem. I want to deduct the TDS on advances made to vendor.
My entry is like this.
50 Axis Bank-5272-Pmnt 81,340.00-
29A Rajesh Systems 83,000.00
50 TDS on Contract-194 1,660.00-
Is this entry correct ?
Why vendor is not getting net after deducting TDS ?
I have some doubts like,
Is it correct the deduction of TDS on Vendor Advance ?
TDS on vendor advance & TDS at the time invoice will deduct two times ? Is it a part of business process ?
If it is possible to deduct the TDS at the time of advance payment made to vendor what settings I need to do ?
In above accounting entry why vendor not having amount net after deduction ?
Your help will be great on this.
Regards,
Sharvari Joshi.Dear,
q. Is this entry correct ?
a. the Your TDS deduction seems to be correct.
50 Axis Bank-5272-Pmnt 81,340.00-
29A Rajesh Systems 83,000.00
50 TDS on Contract-194 1,660.00-
The WT base amount depends on the setting You defined into Your relevant WT type ( Net, Mod. Net Amount, Gross, Tax amount..).
q. Why vendor is not getting net after deducting TDS ?
because when you define the WT at payment time, the System clears the entire vendor payable and reduces the bankitem by the wt amount and posts an additional withholding tax line.
q.Is it correct the deduction of TDS on Vendor Advance ?
a. if You define for your vendor a Wt type at the payment time, during the Down payment posting, that is a payment in advance, the TDS will be correctly deducted.
q. TDS on vendor advance & TDS at the time invoice will deduct two times ? Is it a part of business process ?
a. no during the Down payment, the wt type at the invoice time will not be considered at all.
q. If it is possible to deduct the TDS at the time of advance payment made to vendor what settings I need to do ?
You have to define a wt type at the payment time, linked it to the company code and to a reveval G/L Account and define it into Your vendor master data.
I hope this can help You.
Mauri -
TDS Amount in incoming payment
Hi!
can you please guide me on booking a incoming payment with a TDS. with the help of TDS Manual i understood that, while booking Incoming payment for a customer the TDS Amount applicable has to be manualy entered in the column TDS Amount which is located above WTax Amount field. But i am not getting any ledger posting as mentioned in the manual. where i am wrong.Hi Thangaraj
As per the TDS manual they have explained like when ur placing amount in the TDS amount field it will post JE for that, technically i think there was no link for that field and for account or there was no setup....
THis i was did experiment in version 4.0 & 5.1 its not working.....
So For Regarding "TDS Amount" issue u have to speak directly to Citixys only.....
U may know this....
But Basically u can create the TDS code for "Invocie" & "Payment" TYpe.
For Invocie : The TDS value will be deducted from the value from "Total before discount"Doctotal from invoice and remaining amount will be the invoice total.
For Payment" The TDS value will be showned in Invocie(But the TDS value is not included in Doctotal) and while making Incomin payment that value of TDS value will be deducted and it will go the respective TDS account as per ur setup...The Respective invoice will be closed...
If suppose in sales invoice u have not included the tds value and given to customer , but while making payment he was deducting the tds value then u can use credit card voucher tab for booking the tds or Bank transfer tab if customer pays threough cheque...and make the total value of invoice...so it will be reconcilled as well the TDS amount will go to the respecctive acc....
Giri -
J1INCHLN - TDS amounts showing as zero
Hi Experts,
While creating Remittance challan(J1INCHLN), it is showing tax amounts as below.
During Invoice posting TDS amounts are properly calculated & posted. During J1INCHLN execution,
it is taking appropriate open items from respective TDS A/cs.But in Create remittance screen, it is taking TDS amounts as zero as shown below. What could be the reason?
Clearing Doc Number 29000100
Challan No 200818000001
Challan Dt 03.02.2009
Section 194I
Total Basic TDS Remitted 0.00
Total Surcharge Remitted. 0.00
Total ECess Remitted 0.00
Total Tax Remitted 0.00
Regards
AnandAre you maintaining single tax code (BasicSurchargeCess) or multiple tax codes. From your update it looks that you are maintaining single tax code. In this case you need to update the following tables through SM 30
J_1IEWT_SURC1 (Input the surcharge rate in case surcharge not to be calculated input 0%) for each tax type and tax code
J_1IEWT_ECESS1 (Input for all tax types and tax code combination 3% as applicable)
Let me know if this works
Rajesh -
hi ,
Regards TDS,Can u explain with one example?(step by step how can i do ?)
error: TDS amount is not captured at miro entry
help me
regards
kavihi,
TDS settings are done by FI consultants. the vendor master should have TDS Details in the TAB withholding tax. the vendor that are liable for TDS and the values maintained in vendor master will get defaulted at the time of MIRO.
Country Version India comes ready configured with all the settings you need to track and remit withholding taxes under the following sections of the Income Tax Act, 1961:
· Payments to contractors and subcontractors (Section 194 C)
· Insurance commission (Section 194 D)
· Rent (Section 194 I)
· Fees for professional or technical services (Section 194 J)
· Interest other than interest on securities (Section 194 A) (only supported in the Extended Withholding Tax solution)
Features
Country Version India offers you two solutions for handling withholding tax (also known as tax deducted at source or TDS). You can either use the Classic Withholding Tax solution or the Extended Withholding Tax solution.
If you are installing SAP R/3 for the first time, we recommend that you use the Extended Withholding Tax solution. Before you decide one way or the other, however, you must give careful consideration as to whether Extended Withholding Tax covers your requirements. If you start working with this solution and it transpires that it does not cover your needs, SAP does not offer a strategy for migrating to Withholding Tax.
Taxes withheld under each section are treated differently with regard to the time limits for remitting tax to the authorities, providing the taxpayer with a withholding tax certificate, and filing an annual return. In addition, the formats for the withholding tax certificates and the returns also differ.
The Income Tax Act requires you to calculate taxes as soon as you enter an invoice. However, if you make a down payment to a vendor before you have received an invoice from it, you withhold tax on the down payment. Then, once the invoice arrives, you clear the down payment against it.
When you prepare your annual returns, the act also requires you to make provisions for taxes on services received but not yet invoiced.
Country Version India
Country Version India complements the generic Classic Withholding Tax and Extended Withholding Tax solutions with additional functions that meet the needs of the Income Tax Act. These functions allow you to:
· Ensure that you remit taxes within the due date
· Track and report withholding tax surcharges separately
· Adjust withholding taxes when you clear a down payment against an invoice
· Prepare withholding tax certificates and annual returns
· Calculate withholding tax on provisions
Rajesh -
Only WCT Code is allowed, Remove other TDS amount:
Dear,
While we are processing the vendor payment through Tcode: F-53, we are deducted WCT@4% on gross amount. The document is simulated & also showing the accounting entry in perfectly. but when i am going to post the same document the system is showing the following error.
(Only WCT Code is allowed, Remove other TDS amount)
Accounting entry like:
Bank A/c dr
Vendor A/c Cr
WCt a/c Cr
Analysis:
I have chccked the tax type & tax code. it is ok & also tax has calculated perfectly, and also the both (dr & cr) line iteams asre Zero, when we are simulated the line items. Only document is not posted.
Could you give the solution plz.
Regards
RameshHi Srinu,
I thought It is avaibale on control data tab...
W/tax base Manual
Manual W/tax amount
Self withholding
Both three options are tick mark on my system.
Regards
ra
Maybe you are looking for
-
My FireWire ports became unresponsive suddenly yesterday. All of them - both FW400 and FW800. I'm trying to trouble shoot this myself before taking the machine into the Genius Bar (I think the AppleCare has expired). When I go to the System Profiler
-
I click on layouts and still cannot change book size
I'm trying to change the size of the ibook before I buy it. I've tried several options buy cannot figure it out. Any help would be appreciated.
-
I want to use alerts from an ApEx application (after I insert to a table for example), the problem is that alerts can only be run as the apps account. Is there a way to make alerts work?
-
Hi, I need help on saving pitchers when we browse. How can I do that? Naren
-
Would someone please recommend a lightweight portable airprint printer to use with my IPad 2 while traveling? Thanks